.jpg)
FTSE Group, the award winning global index provider and CNBC, recognised global leader in business news, today announced the creation of a new index series to track the performance of the 100 largest companies in Asia Pacific.
The FTSE CNBC Asia 100 Index calculated using FTSE’s renowned global index standards, will feature on CNBC news programmes giving investors a unique insight into the blue chip investable Asian market. The new index can also be licensed as the basis for Exchange Traded Funds (ETFs), structured products, derivatives or as a performance benchmark.
In addition to the broad based FTSE CNBC Asia 100 Index, specialised country and industry indices will be available for investors who want deeper analysis of the key drivers of performance. The indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system used by investors and exchanges worldwide. The FTSE CNBC Asia 100 Index is the latest index venture by FTSE and CNBC, following on from the FTSE CNBC Global 300 and FTSE CNBC Global 300 Supersectors launched in 2006. A full list of the new Asia Pacific indices is available in the appendix.
Paul Hoff, Managing Director of Asia Pacific, FTSE Group said: “Extending our collaboration with CNBC reflects the shifting focus of global investors towards Asia. These indices draw on the expertise FTSE and CNBC are known for in financial markets to provide investors with a deep understanding of the broader macroeconomic trends in Asia, while affording unique detailed insights into market drivers based on country and industry specifics.”
“By creating this index series, CNBC is able to provide viewers with one quantifiable measure of how Asian businesses are performing across the region,” said John Casey, Vice President, News and Programming, CNBC Asia Pacific. “During such volatile times, Asia has increasingly become a key market to watch. The FTSE CNBC Asia 100 Index will enhance investors’ knowledge by showing them a glimpse of broad market performance regionally in both developed and emerging markets while keeping them abreast of the global business environment.”
The FTSE CNBC Asia 100 Index features the hallmarks in index design that FTSE is renowned for including transparent index rules, governance procedures, liquidity screens and free float adjustment. For more information on the FTSE CNBC Asia 100 Index or other indices including the FTSE CNBC Global 300 and FTSE CNBC Supersector indices, please visit www.ftse.com/cnbc.
