FTSE Russell, NSX Partner for Index Series
The deal will provide new indexes on the Nambian market
FTSE Russell has calculated Namibian-focused indexes since 2002 but these were previously included in the broader FTSE Johannesburg Stock Exchange (JSE) Index Series.
The existing Namibian-focused indexes have been separated from the FTSE JSE Index Series and incorporated in the new series, which includes more than 20 indexes in total. The family will have its own Ground Rules, which describe the underlying universe from which constituents are drawn, the eligibility criteria and the frequency at which the composition of the indexes are reviewed.
"The launch of a series of indexes for investors comprised of the securities listed on NSX, is an important step for the market and country as a whole. We look forward to working with NSX to further develop this index series and create innovative index products for this market," says Donald Keith, deputy chief executive, FTSE Russell, in a statement.
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