KUALA LUMPUR: FTSE Group and CNBC have created a new index series to track the performance of the 100 largest
companies in Asia Pacific.
The companies said in a joint statement on Monday, July 26 the FTSE CNBC Asia 100 Index can also be licensed as the basis for Exchange Traded Funds (ETFs), structured products, derivatives or as a performance benchmark.
"The FTSE CNBC Asia 100 Index calculated using FTSE's global index standards, will feature on CNBC news programmes giving investors a unique insight into the blue chip investable Asian market," they said in a joint statement.
In addition to the FTSE CNBC Asia 100 Index, specialised country and industry indices will be available for investors who want deeper analysis of the key drivers of performance.
The indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system used by investors and exchanges worldwide.
The FTSE CNBC Asia 100 Index is the latest index venture by FTSE and CNBC, following on from the FTSE CNBC Global 300 and FTSE CNBC Global 300 Supersectors launched in 2006.
CNBC Asia Pacific vice president, news and programming John Casey said by creating this index series, CNBC is able to provide viewers with one quantifiable measure of how Asian businesses are performing across the region.
'During such volatile times, Asia has increasingly become a key market to watch. The FTSE CNBC Asia 100 Index will enhance investors' knowledge by showing them a glimpse of broad market performance regionally in both developed and emerging markets while keeping them abreast of the global business environment,' said Casey.
FTSE Group's managing director of Asia Pacific, Paul Hoff, said: its exetension of its collaboration with CNBC reflected the shifting focus of global investors towards Asia.
These indices draw on the expertise FTSE and CNBC are known for in financial markets to provide investors with a deep understanding of the broader macroeconomic trends in Asia, while affording unique detailed insights into market drivers based on country and industry specifics.'
companies in Asia Pacific.
The companies said in a joint statement on Monday, July 26 the FTSE CNBC Asia 100 Index can also be licensed as the basis for Exchange Traded Funds (ETFs), structured products, derivatives or as a performance benchmark.
"The FTSE CNBC Asia 100 Index calculated using FTSE's global index standards, will feature on CNBC news programmes giving investors a unique insight into the blue chip investable Asian market," they said in a joint statement.
In addition to the FTSE CNBC Asia 100 Index, specialised country and industry indices will be available for investors who want deeper analysis of the key drivers of performance.
The indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system used by investors and exchanges worldwide.
The FTSE CNBC Asia 100 Index is the latest index venture by FTSE and CNBC, following on from the FTSE CNBC Global 300 and FTSE CNBC Global 300 Supersectors launched in 2006.
CNBC Asia Pacific vice president, news and programming John Casey said by creating this index series, CNBC is able to provide viewers with one quantifiable measure of how Asian businesses are performing across the region.
'During such volatile times, Asia has increasingly become a key market to watch. The FTSE CNBC Asia 100 Index will enhance investors' knowledge by showing them a glimpse of broad market performance regionally in both developed and emerging markets while keeping them abreast of the global business environment,' said Casey.
FTSE Group's managing director of Asia Pacific, Paul Hoff, said: its exetension of its collaboration with CNBC reflected the shifting focus of global investors towards Asia.
These indices draw on the expertise FTSE and CNBC are known for in financial markets to provide investors with a deep understanding of the broader macroeconomic trends in Asia, while affording unique detailed insights into market drivers based on country and industry specifics.'
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