FTSE Group And Abu Dhabi Securities Market Join Forces To Create New Index Family

FTSE Group (FTSE), the global index company, today signs a letter of agreement with the Abu Dhabi Securities Market (ADSM) at a conference in London, signalling the two organisations’ intent to create a new set of indices, for the Abu Dhabi market.

THE ADSM is seeking to further develop its market to attract ETF trading, and is especially interested in developing Shariah screened indices. As part of this strategy, ADSM has selected FTSE as its exclusive index provider, because of FTSE’s longstanding expertise in index design, and its ability to work closely with clients on specific briefs to create indices, including Shariah compliant products.

The first stage of the project, which begins immediately, is for FTSE and ADSM to work together to research and design a new suite of indices. ADSM will contribute its significant local market understanding and expertise, while FTSE will design and create indices in line with its internationally renowned methodology, ensuring that they will be relevant and attractive to investors worldwide.

Imogen Dillon Hatcher, Managing Director for FTSE Europe, Middle East and Africa commented, “FTSE is delighted to join forces with ADSM. We are committed to developing our presence in the region and further developing our index offering, including Shariah-screened index options.”