Standard & Poor's, the world's leading index provider, has launched S&P India 10, an index designed to provide investors with tradable exposure to the Indian equity markets.
To be eligible for inclusion in the index, stocks must have a float-adjusted market capitalization above $ 500 million at each annual rebalancing and a six-month average daily trading value above $1 million. The index uses an evolutionary algorithm-driven optimisation to maximise index basket liquidity at each rebalancing which occurs annually in January.
The S&P India 10 index comprises ten of the largest and most liquid Indian companies which trade on developed market exchanges. Among the companies included in the index are IT and consulting firm Infosys Technologies, ICICI Bank and HDFC Bank, as well as copper producer Sterlite Industries.The Index (S&P India 10) is one of a number of indices planned to be launched by Standard & Poor's in 2008 to provide investable exposure to narrow but high interest market segments where accessibility and investability are a current challenge.
No comments:
Post a Comment