GLOBAL - MSCI Barra has launched a new series of benchmark indices for 19 frontier market countries and the MSCI Asia APEX 50 Index, a tradable Asian index.
The Asia APEX 50 Index will comprise the top 50 Asian stocks (ex Japan) on a market cap basis and has been designed to act as a base on which products such as exchange traded OTC derivatives, ETFs and other passive investment vehicles can be launched.
"Our decision to launch [these] indices reflects the growing interest from international investors in these equity markets, as they look beyond existing developed and emerging markets in their search for new investment opportunities," said Henry Fernandez, chairman and CEO of MSCI Barra.
"As the individual country markets across Asia have become more accessible, the demand for index linked products based on the region has increased."
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