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FTSE Group and Abu Dhabi Securities Market to create index family

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Global index provider FTSE Group has signed an agreement with the Abu Dhabi Securities Market to create a new set of indices for the Abu Dhabi market, with a view to attracting ETF trading

Global index provider FTSE Group has signed an agreement with the Abu Dhabi Securities Market to create a new set of indices for the Abu Dhabi market, with a view to attracting ETF trading and especially in developing-Shariah screened indices.

According to the ADSM, it has selected FTSE as its exclusive index provider because of the latter’s longstanding expertise in index design and its ability to work closely with clients on specific briefs to create indices, including Shariah-compliant products.

In the first stage of the project, FTSE and ADSM will work together to research and design a new suite of indices, with the securities market contributing its local market understanding and expertise, while FTSE will design and create indices in line with its established methodology, ensuring that they will be relevant and attractive to investors worldwide.

Says Imogen Dillon Hatcher, FTSE managing director for Europe, the Middle East and Africa: ‘FTSE is delighted to join forces with ADSM. We are committed to developing our presence in the region and further developing our index offering, including Shariah-screened index options.’

FTSE Group, which has offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco and Tokyo and services clients in 77 countries worldwide, calculates and manages the FTSE Global Equity Index series, which include the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the UK’s FTSE 100.

The company has collaborative arrangements with the Athens, Amex, Cyprus, Euronext, Johannesburg, London, Madrid, Nasdaq and Taiwan exchanges, as well as with Nomura Securities, Hang Seng and China’s Xinhua Finance, and it recently signed an agreement with Dow Jones Indexes to develop a single sector classification system for global investors.

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