Value Partners and FTSE Group launch FTSE Value-Stocks ASEAN Index
13 November 2013
Category: News, Global, Southeast Asia
By Asia Asset Management
FTSE Group and Value Partners Index Services Limited (Value Partners), a wholly-owned subsidiary of Value Partners Group, launched the FTSE Value-Stocks ASEAN Index on November 12. The new index uses Value Partners’ unique value investing methodology, and is calculated and maintained by FTSE’s dedicated custom index solutions team.
Derived from the universe of the FTSE Global All Cap Index, the new index captures the performance of 50 quality value stocks amongst liquid and tradable ASEAN companies listed on the Indonesia Stock Exchange (IDX), Bursa Malaysia, the Philippine Stock Exchange (PSE), the Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET). Constituent stocks are capped at 5% to avoid over-concentration in any one stock.
Jessie Pak, managing director, Asia of FTSE Group, said: “We are delighted to continually extend our cooperation with Value Partners to offer a new value-based index solution to capture investment opportunities in the growing ASEAN market. FTSE indices and custom solutions are globally sought by product providers and asset owners because the index solutions combine unique investment requirements with objective calculation and robust methodology to support a range of investment challenges and mandates.”
William Chow, managing director at Value Partners, commented: “Value Partners is committed to enrich our product offering both in terms of value ETFs and value-based indices, and today marks another milestone with our first ever index with a regional exposure. This unique smart-beta index is the result of exceptional teamwork, dedication and a combination of creativity and discipline among our quantitative research team and FTSE’s team. I believe this will bring index innovation to the next level.”