SINGAPORE

An ETF issuer to create a new ETF based on the FTSE/ASEAN 40 Index

FTSE Group, has licensed GlobalX Funds to create a new exchange traded fund (ETF) based on the FTSE/ASEAN 40 Index. ..

 


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The fund is the first US-listed ETF to represent the performance of the Association of Southeast Asian Nations (ASEAN).
 
This is the fifth GlobalX fund based on FTSE’s regional and country-specific indexes.  Other FTSE indexes currently used by GlobalX as the basis for ETFs include:

    – FTSE Colombia 20 Index
    – FTSE Nordic 30  Index
    – FTSE Norway 30 Index
    – FTSE Andean 40 Index

The FTSE/ASEAN 40 Index measures the performance of the forty largest companies in the broader FTSE/ASEAN Index, which tracks the performance of large- and mid- cap companies from Indonesia, the Philippines, Singapore, Malaysia and Thailand.  Market capitalization determines the size of the companies in both the FTSE/ASEAN and FTSE/ASEAN 40 indexes.
 
Singapore makes up over 40% of the country weighting within the FTSE/ASEAN 40 Index, and Financials account for about 42% of industry weight, as measured by market capitalization.  

Source: ETFWorld – FTSE




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