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FTSE Russell develops new Index Series with Namibian Stock Exchange

20 indexes in the series; Existing Namibian indexes calculated by FTSE Russell were previously part of FTSE JSE Index Series


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FTSE Russell has announces it will launch its new FTSE NSX Index Series on 1 July. FTSE Russell has calculated Namibian-focused indexes since 2002 but these were previously included in the broader FTSE JSE Index Series.

The Index Series will be launched in cooperation with the Namibian Stock Exchange (NSX) and includes a new capped index, the FTSE NSX Capped Overall Index. 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 Index Series 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.

Donald Keith, Deputy CEO, FTSE Russell said: “FTSE Russell has strong relationships across Africa and we are delighted to be working with NSX to create this new index series for the Namibian market. 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”. 

Tiaan Bazuin, Chief Executive Officer, NSX said: “NSX is committed to the growth and development of the financial market in Namibia. The launch of this new dedicated Namibian index series is a testament to the development of the country’s financial markets. We ar

Source: ETFWorld.co.uk