Following the success of the FTSE/JSE Africa Index Series which go live on 24 June, market participants have asked the FTSE Group and the JSE to consider establishing a suitable independent and transparent benchmark index for such funds as part of the new FTSE/JSE Africa Index Series.
The FTSE Group and the JSE have agreed to investigate this issue as a matter of urgency and will invite the Actuarial Society of South Africa, investment consultants, major asset owners and fund managers to review the benchmark options available.
