Bringing greater choice and targeted equity coverage for the local market…
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MSCI Inc. (NYSE: MSCI), announced the launch of two new indices for the Australian market: the MSCI Australia Select High Dividend Yield Index and the MSCI Australia 200 Index. These launches come as MSCI looks to expand its presence in Australia by providing specialised indices based on domestic equities.
The MSCI Australia Select High Dividend Yield Index is a diversified index of Australian securities with higher than average dividend yield and the potential for franked dividend income. Only securities with a track record of consistent dividend payments and that have the capacity to sustain future dividend payments are eligible for inclusion in the index.
The MSCI Australia 200 Index is designed to reflect the performance of the largest 200 companies of the domestic Australia equity market, excluding foreign companies listed on the Australia Stock Exchange. The index uses minimum size, liquidity and float requirements to limit its constituents to the 200 largest and most tradable Australian companies.
“We are excited to expand our local offering in Australia,” said Michael Anderson, Executive Director of MSCI Australia. “While MSCI is widely recognised as the leading provider of global equity indices such as the MSCI World Index, we have always aimed to help investors capture meaningful segments of both local and global equity markets.
The MSCI Australia Select High Dividend Yield Index and the MSCI Australia 200 Index were developed in response to the specific needs of the Australian investment community and we think they will bring greater index diversity to the market.”
Both indices may be used for portfolio management and benchmarking purposes, and as the basis for various tradable investment products such as exchange traded funds (ETFs).
MSCI is the leading index provider for ETF markets across the globe, with over A$275 billion in ETF assets tracking MSCI indices.
Source: ETFWorld – MSCI Inc
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