New ASEAN-centric stock indices launched
MANILA—In a bid to boost the visibility of Southeast Asian-centric equity products, Asean Exchanges, a group of bourses supporting regional integration, has rolled out three new indices broadly covering the growing Asean equity market.
The three new tradable Asean indices are the FTSE Asean all-share index, FTSE Asean Stars Index and FTSE Asean All Share Ex-Developed Index. The series comprises constituents from seven bourses in six Southeast Asian countries: Thailand, Malaysia, Singapore, Indonesia, the Philippines and Vietnam, which has two exchanges.
In a statement, Asean Exchanges said the new expanded index series would increase the visibility and transparency of Asean and create a larger universe of stocks for all Asean markets. The expansion also included constituents from Vietnam’s two bourses for the first time.
FTSE Asean All-Share index is the broad headline benchmark representing 90-95 percent of investable market capitalization in the region. This represents the performance of large, mid-cap and small-cap Asean companies.
FTSE Asean Stars Index will comprise the 30 “most exciting” companies of each Asean country as ranked by investability in terms of market capitalization and liquidity.
The members of Asean Exchanges are Bursa Malaysia Berhad, HoChiminh Stock Exchange, Hanoi Stock Exchange, Indonesia Stock Exchange, Stock Exchange of Thailand (SET), Singapore Exchange and Philippine Stock Exchange.
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