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WFE Focus April 2011
Indices

Bursa Malaysia launches new sector indices and refines free float rules

Bursa Malaysia, in cooperation with FTSE Group, launched a new set of industry, supersector and sector indices to complement the existing FTSE Bursa Malaysia index series. The new set includes 10 industry, 19 supersector and 39 sector indices which can be used to execute investment strategies and create index-linked financial products. At the same time, the free-float methodology for the FTSE Bursa Malaysia index series has been reviewed and enhanced, to ensure the indices continue to provide the most accurate reflection of the Malaysian equity market opportunity.

ISE launches Solid State Drive index and two new ETNs

The International Securities Exchange has launched the ISE Solid State Drive index, a benchmark that allows investors to track companies actively involved in the solid state drive segment of the electronic storage industry. To be eligible for inclusion in the index, companies must either produce finished solid state drives or supply components used to manufacture solid state drives. ISE has also partnered with UBS to launch two ETNs linked to this new cloud computing index: ETRACS ISE Solid State Drive Index ETN and the ETRACS Monthly 2xLeveraged ISE Solid State Drive Index ETN.

MICEX and RTS index committees approve principles of market indices integration

In the context of the merger between MICEX and RTS, the joint meeting of MICEX and RTS Index Committees discussed the principles and stages of integration of their exchange respective indices. In a first stage, it is planned that RTS indices will be transferred to the MICEX. The MICEX will act as the operator for the calculation of all indexes and their support. The families of the MICEX and RTS sectoral indices will be transformed into a single product line with a single calculation procedure. In a second stage, during 2012, it is planned to study users’ demand and preferences with respect to the target configuration of the family of indices. The study will help to transform the existing indices into a single family, develop uniform rules and a single technology platform for the calculation of indices. Finally, in a third stage, the single family of indices will be formed in late 2012 - early 2013.

MILA releases its first index

On 29 August 2011, MILA (Mercado Integrado Latinoamericano) formed by the Colombia Stock Exchange, the Lima Stock Exchange and the Santiago Stock Exchange launched its first index, S&P MILA 40, developed by Standard & Poor´s. It consists on the 40 largest eligible stocks based on float-adjusted market capitalization of MILA, and aims at providing exposure to the largest and most liquid stocks trading on the MILA’s platform. It includes 22 Chilean stocks, 6 Peruvian and 12 Colombian stocks.

RTS Stock Exchange launches new family index, RTS Oil

On 6 October 2011, RTS Stock Exchange started calculating the RTS oil family indices on the basis of international markets oil products prices adjusted to include logistic costs and taxes. The new indices will allow setting comparative value benchmarks for oil products which will be exported or sold on the Russian domestic market.

Shanghai Stock Exchange launches new indices

On 18 October 2011, the Shanghai Stock Exchange, in cooperation with China Securities Index, launched three new indexes: the SSE 380 Style indices, the SSE Health Care Theme Index and the SSE Agriculture Theme Index.

Shenzhen Stock Exchange launches industry chain indices

The Shenzhen Stock Exchange, in cooperation with the China Securities Index, has launched Industry Chain indices. They include 3 indices: the SZSE Upstream Industry index, the SZSE Midstream Industry index, and the SZSE Downstream Industry index.

Stock Exchange of Thailand amends rule for high-dividend index

The Stock Exchange of Thailand has amended its SET High-Dividend 30 Index rules by adding a buffer rule in order to maintain the continuity and stability of the index. The buffer rule will be applied in the next periodic review which will take place in December 2011. To be eligible for inclusion in the index, the stock must be a member of the SET100 index and must have consistently paid high dividends.

Tokyo Stock Exchange launches new indices

The Tokyo Stock Exchange, in cooperation with S&P Indices, launched the S&P/TOPIX 150 Carbon Efficient Index which comprises all Japanese companies included in the S&P/TOPIX 150 re-weighted to reflect the level of carbon emissions produced by each company. Furthermore, on 11 October 2011, the TSE began calculating and publishing another index, the “TOPIX Active in Asia” index. It is comprised of 25 issues from the TOPIX 500 index selected based on the proportion of sales made in Asia. On the same day, the Exchange started calculating and publishing the Tokyo Stock Exchange Mothers Core index. It is comprised of 15 issues from the TSE Mothers market. The last two indices will serve as benchmarks stock price index for ETFs, mutual funds and other investments.

Wiener Börse launches top dividend indices

Wiener Börse started the calculation and publication of the new Top Dividend Indices for the ATX, the CECE and the CEESEG Traded Index. They are composed of the ten stocks with the highest dividend yields from the respective underlying index. They give investors a focus on dividend strategies. The three indices have been designed as tradable indices that can serve as underlyings for structured products and standardized derivatives.

 

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