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FTSE Group And Private Banking Index Limited To Create New Index Series For Private Banking Investors

Date 11/10/2005

Global index provider FTSE Group (FTSE) and Private Banking Index Limited (PriBIL) today announce that they have signed an agreement to create a new FTSE Private Banking Index Series. The new series is expected to launch early in 2006.

Drawing on FTSE’s widely recognised indexing expertise and PriBIL’s extensive knowledge of the private banking sector, the FTSE Private Banking Index Series will provide a unique set of tools for high net worth investors and their banks to benchmark their multi-asset class investment. It will also create potential opportunities for the development of innovative investment products, such as index-linked funds, exchange traded funds (ETFs) and derivative products.

The series’ constituents and asset allocation will be determined by a dedicated group of private bank index members and will be calculated in a range of currencies to meet investor demand.