Global index provider FTSE has launched the FTSE Frontier Markets Index Series that will capture the performance of large, mid and small cap securities from Frontier markets and will complement the provider’s existing developed and emerging market indexes.
The new Frontier Markets index series covers 26 countries defined as Frontier by FTSE’s country classification process and will include 368 constituents. Companies are screened for free float and liquidity, ensuring that the indices are relevant to international investors. The series can be segmented by size, region, country and industry sector, and is built to FTSE’s world class standards of index design.
Marc De Luise, director of Index Research at FTSE Group said, “The FTSE Frontier Markets Index Series will provide investors with a comprehensive range of international markets benchmarks. As investment strategies continue to become more global, FTSE’s new series helps market participants to manage Frontier exposure with products based on our strong governance and transparency.”