22 Jul 2005, Alexander Campbell, Risk magazine
Under the memorandum, FTSE will create indexes that could be used for benchmarking institutional and retail funds, exchange-traded funds and derivatives contracts.
The exchanges said in a joint statement: "This is the first collaborative effort among the five exchanges under the Asean umbrella and we see this as paving the way for future collaborations between the exchanges. The development of indexes based on international standards and recognised methodology by FTSE will facilitate the international visibility of the Asean markets, and help promote the Asean economies to both regional and global investors by branding Asean as an asset class."
However, no launch date has been announced for the indexes.
© Incisive Media Investments Limited 2014, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093