JP Morgan and Deutsche Börse to launch Next-11 index
JP Morgan says it is working with Deutsche Börse to develop an index comprised of equities from seven out of the eleven countries that are generally considered to be the next promising emerging markets. The DAXglobal Next-11 Index will be offered exclusively by JP Morgan as an underlying for a range of structured products.
According to London-based Michael Schuelli, derivatives marketer at JP Morgan, other than index-linked certificates, the bank will offer capital protected and partially protected structures linked to the index.
The index comprises the 40 largest and most liquid stocks listed on eligible exchanges in Indonesia, Mexico, Pakistan, Philippines, South Korea, Turkey and Vietnam. The index is GDP
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