Thai Bourse And FTSE Consult With Institutions About New Index

The Stock Exchange of Thailand (SET) and FTSE Group are currently surveying local and overseas institutions to support the development of a new index with a range of innovative investment products. Market consultations will conclude by end-January 2007.

SET and FTSE Group consultation began in November 2006, and included overseas institutions in investment hubs like Hong Kong and Singapore, SET Senior Vice President Dr. Sethaput Suthiwart-narueput reported.

“The consultation will provide data on the characteristics of an index appropriate to the Thai market. The new index will underlie future financial products, especially exchange-traded funds, derivatives and other products which have been very popular overseas. A broader range of securities will provide investors with a more comprehensive and flexible service,” Dr. Sethaput said.

In November, 2006, SET and FTSE Group signed an MOU to co-develop the new index. This collaboration should ensure an index of international standard, which will be an important step in raising the Thai market’s regional profile.