Bursa Malaysia and FTSE Group Sign MOU to explore possibility of developing new suite of indices

Bursa Malaysia and global index provider FTSE Group (FTSE) today signed a memorandum of understanding (MOU) to explore the feasibility of creating and promoting new indices for the Malaysian markets.

Under the MOU, FTSE will undertake a consultative study and provide Bursa with an index design report which will include, amongst others, results of market consultation and consultation with relevant government agencies.

Any proposed new indices if agreed thereafter by both parties will be designed based on industry feedback, free-float adjusted and in line with international classification benchmarks.

Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, “This MOU with FTSE is part of Bursa Malaysia’s efforts to further improve our products and ensure they remain on par with international standards. Ultimately, new indices developed using recognised methodologies from organisations like FTSE will help raise visibility for our capital market to both local and global investors alike.”

Mr. Mark Makepeace, Chief Executive, FTSE Group, said, “FTSE is honoured to enter into this MOU with BURSA MALAYSIA. As a leading global index provider, FTSE works with financial institutions around the world to create indices and index products that are recognised and valued by investors worldwide.”