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BURSA MALAYSIA AND FTSE GROUP SIGN AGREEMENT TO CREATE INDICES FOR MALAYSIAN MARKET.
BackJan 12, 2006
12 Jan 2006
BURSA MALAYSIA AND FTSE GROUP SIGN AGREEMENT TO CREATE INDICES FOR MALAYSIAN MARKET
Bursa Malaysia and FTSE Group, the award-winning index provider, today announced that they have signed a co-operation agreement to create a new series of equity indices for Malaysia. At launch, the series will include domestic indices and will be expanded in time to include other indices. Bursa Malaysia and FTSE are confident that the series of new indices will attract both domestic and international investors with an interest in Malaysian stocks. The indices will be suitable for a range of index linked investment vehicles, including Exchange Traded Funds (ETFs), derivatives and OTC products.
Market research has identified investor appetite for new indices in Malaysia, which incorporate international standard design features, and FTSE has been selected by Bursa Malaysia as its preferred index partner to create a new series.
Chief Executive Officer of Bursa Malaysia, Yusli Mohamed Yusoff commented that " The creation of these new indices will result in us having more internationally aligned benchmarks for our market. This enables investors to better assess our market's competitiveness at the global level." He further added that the partnership with FTSE also gives Bursa Malaysia the added advantage of benefiting from the international recognition and wide following that the FTSE brand already garners.
Donald Keith, Deputy Chief Executive, FTSE Group added, "FTSE is proud to work with Bursa Malaysia as an index partner and to bring its award-winning approach to indexing to Malaysia."
The new series is expected to be live in the first half of 2006. Full details including ground rules, constituents and historical performance information, will be announced when the series is live.