NO 231 – MAY 2012
Shaping the future of Europe's financial markets

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WFE Focus January 2012

Abu Dhabi Securities Exchange improves its real estate indices
The Abu Dhabi Securities Exchange has signed a Memorandum of Understanding with Emerging Markets Real Estate Information (REIDIN) to extend real estate market trend information to investors. It includes the improvement of benchmark real estate price indices constructed and updated by REIDIN, and develop additional local property price benchmarks and trend information. The agreement also aims at creating a platform to facilitate comparison of broad asset price movements over time to international corporate and private investors. Another goal is to provide information that will open the way for investment vehicles such as Real Estate Investment Trusts (REITs) and property derivatives.

Deutsche Börse introduces DAX ex financials index
Deutsche Börse has launched the DAX ex Financials Index which measures all stocks in the German blue chip DAX index except for banks and financial services companies. The new index is intended at institutional investors who want to access the performance of leading German companies without exposure to the financials industry.

İMKB launches IPO index
On 7 May 2012, İMKB (Istanbul Stock Exchange) started calculating an IPO index consisting of the stocks of the companies that go public and start trading on İMKB National Market and Second National Market. The new index also includes real estate investment trusts and venture capital investment trusts that start trading on İMKB Collective Products Market. The companies that go public will be included in the IPO index on the first day that they start trading, and will remain as index constituents for a period of two years.

NASDAQ OMX launches commodity index family
The NASDAQ OMX Group launched the NASDAQ Commodity Index Family. It consists of the primary benchmark (the NASDAQ Commodity Benchmark Index) as well as 10 sectors and 33 single indexes. The five main sectors covered by the index family are energy, industrial metals, precious metals, agriculture and livestock. They are designed to measure the performance of single commodities and sectors through the use of futures contracts on physical commodities. They also offer investors different investment strategies.

Shanghai Stock Exchange releases SSE 100, SSE 150, industry, consumption and services indices
On 24 April 2012, the Shanghai Stock Exchange released the SSE 100 and 150 indices. Both indices are enlarging the SSE blue chip indices family. By taking the SSE 380 index as the sample space, the SSE 100 index selects the top 100 shares with the best performances in both growth rates of business income and return on net assets. The SSE 150 index selects as the sample the top 150 shares with the best performances in the growth rate of business income and the turnover rate. In addition, on 28 May 2012, the Exchange will launch the SSE Select Industries Indices, the SSE Leading Consumption and Services Index and SSE Banks Index.

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