The partnership goal is to develop indicators with international standards and propel the participation of the Chilean capital market globally...
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Santiago Exchange and S&P Dow Jones Indices, one of the world’s leading providers of financial market indices, signed today a strategic agreement to develop a new generation of indices for fixed income and equity markets in Chile. The alliance brings together the experience and stability of the strongest exchange in the country with the strength of an independent index provider with global presence, distribution and industry leadership.
The agreement was formalized by the CEO of Santiago Exchange, José Antonio Martínez, and the CEO of S&P DJI, Alex Matturri, in a ceremony that highlighted the potential of Chilean capital markets to domestic and international investors. The ceremony gathered nearly 100 Chilean stock market stakeholders, including brokers, asset managers and local issuers.
During the occasion, Aye M. Soe, CFA, Senior Director, Head of Research & Design for the Americas at S&P Dow Jones Indices spoke about the role of institutional investors in Chile and the demand for the next generation of Chilean indices focused on outcome oriented multi asset investment solutions.
The signed agreement between Santiago Exchange and S&P DJI includes the integration of operational processes and business strategies that will enable the development, licensing, distribution and management of new indices for the fixed income and equity markets in Chile. Furthermore, it considers the development of new index categories according to market needs and international trends, along with the participation of the Santiago Exchange in the business and methodology committees to enable joint decision-making.
Currently, Santiago Exchange calculates and distributes 14 equity fund indices and 8 fixed income indices, which are used as a market reference.
Santiago Exchange’s CEO, José Antonio Martínez, explained that “this alliance provides Santiago Exchange with access to global standards of index development and international market knowledge, expanding its product offerings and providing broad visibility for the Chilean stock market through the development of new products that are supported by innovative methodologies with global reach.”
Martínez emphasized that “with this alliance, Santiago Exchange’s current indices take on a global character, as they will be developed, distributed and marketed along with all of the indicators that S&P Dow Jones Indices develops.” He added that “the agreement also allows access to information from other markets, generating benchmarks that provide the market and our clients with more and better information for their investment decisions.”