ASEAN Exchanges launches three traceable ASEAN indices
ASEAN Exchanges has expanded its FTSE ASEAN Index Series, a suite of indices covering the growing ASEAN equity market, with the launch of three new traceable indices.
The three launches are the FTSE ASEAN All-Share Index, FTSE ASEAN Stars Index and FTSE ASEAN All Share Ex-Developed Index.
Now with the inclusion of constituents from Vietnam to the FTSE ASEAN Index Series (previously comprising the constituents from the five markets of Thailand, Malaysia, Singapore, Indonesia and the Philippines),the new expanded index series will increase visibility and transparency of ASEAN and create a larger universe of stocks for all ASEAN markets.
The ASEAN Exchanges says the creation of indices will be the building block towards creating broader benchmark indices, meaningful sectors indices and new ASEAN centric products that will bring more ASEAN tradable opportunities for investors and enhance liquidity among the exchanges.
Charamporn Jotikasthira, president of the Stock Exchange of Thailand, says: “ASEAN, one of the fastest growth regions of the world, is an exciting capital market and increasingly now as investors will have a one-point access to an aggregated and comprehensive ASEAN content. Our teams have been diligently working to ensure that there are ASEAN centric products for retail investors, which will lead to opportunities for ETFs, amongst other structured products.”
Donald Keith, deputy chief executive of FTSE, says: “FTSE is delighted to have been collaborating with the ASEAN Exchanges and to be chosen as the preferred index partner by the ASEAN exchanges. The development of indices based on FTSE’s globally recognised methodology and transparent rule-based standards will facilitate the visibility of the ASEAN markets, and help both regional and global investors gain insights to the unique opportunity sets in this dynamic, growing region.”
The new FTSE ASEAN Index Series includes the FTSE ASEAN All-Share Index as the broad headline benchmark representing 90 to 95 per cent of the investable market capitalisation in the region. The existing FTSE ASEAN Index Series was originally initiated in partnership with the ASEAN Finance Ministers to promote ASEAN as a regional equity market grouping. It included the first benchmarks designed to support the creation of financial products and benchmarking requirements for ASEAN investment needs.
The FTSE ASEAN Stars Index is also among the newly announced indices providing a benchmark of the ASEAN equity market. The existing FTSE/ASEAN 40 Index, which reflects the performance of the largest companies in the ASEAN market, will continue to be calculated as part of the series.
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