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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