NO 239 – JANUARY 2013
2012 WFE market highlights

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WFE Focus January 2013
Indices

Athens Exchange launches customized mid & small cap index

On 14 January 2013, the Athens Exchange launched the Hellenic Mid & Small Cap Index designed in cooperation with NBG Asset Management in order to be used as a benchmark on the yield of the mutual funds. It includes 30 stocks.

NYSE Euronext and Russell Indexes sign global alliance index distribution agreement

NYSE Euronext and Russell Indexes formed a global alliance which will span three distinct NYSE Euronext business lines, as well as several aspects of Russell’s global index business. The agreement includes the transition of RussellTick, an index feed for real time, intra-day values for the Russell family of indexes in the US and globally to NYSE Technologies’ Global Index Feed protocol and extensive global distribution. The alliance also includes a commitment to develop additional joint global services and products, such as new index-based options.

Qatar Exchange launches Islamic index

On 7 January 2013, Qatar Exchange, in cooperation with Al Rayan Investment, launched the QE Al Rayan Islamic index. It is based on QE listed stocks of minimum free float size and liquidity that are Shari’a compliant.

Shenzhen Stock Exchange launches low volatility, high beta and ChiNext 300 series indices

On 20 December 2012, the Shenzhen Stock Exchange and Shenzhen Securities Information jointly issued SZSE low volatility, high beta series indices, which include SZSE 300 Low Volatility Index, SZSE 300 High Beta Index, SME 300 Low Volatility Index, SME 300 High Beta Index, SME-ChiNext 500 Low Volatility Index, and SME-ChiNext 500 High Beta Index. Low volatility indices can reduce portfolio risk and prevent market bubble whereas high beta indices provide perfect trading instrument targets related to high elasticity portfolio of ever-changing market. In addition, on 7 January 2013, the Exchange also launched a series of new indices: the SZSE ChiNext 300 Index, the SZSE ChiNext 300 Growth Index and the SZSE ChiNext 300 Value Index.

Taiwan Stock Exchange launches corporate social responsibility index

The Taiwan Stock Exchange has recently launched a new index which focuses on corporate governance and corporate social responsibility. The TWSE RAFI Taiwan Corporate Operation 101 Index, compiled by TWSE in cooperation with California-based Research Affiliate, is the exchange’s second index aimed at encouraging listed companies to fulfill their corporate social responsibility. The 101 constituents of the new index are selected by corporate operation indicators. One key feature of the new index is the adoption of the Information Disclosure Evaluation System which is expected to encourage listed companies to put more emphasis on the disclosure of operation information.