Merrill launches Gulf Investible Index Certificate

The index comprises 20 stocks and composition will be weighted by market cap with a minimum allocation of 15%, and reviewed on a semi-annual basis in May and November each year. On each review date, a committee of Merrill research analysts determines an eligible universe of stocks for the index according to criteria including market cap, trading volume and foreign ownership. If the selection universe were to consist of less than 20 stocks, all stocks are selected as index constituents.The mi