Hong Kong, London, New York, Singapore, Sydney, Tokyo, 26 July 2010 – FTSE Group, the award winning global index provider and CNBC, recognised global leader in business news, today announced the creation of a new index series to track the performance of the 100 largest companies in Asia Pacific.
The FTSE CNBC Asia 100 Index calculated using FTSE’s renowned global index standards, will feature on CNBC news programmes giving investors a unique insight into the blue chip investable Asian market. The new index can also be licensed as the basis for Exchange Traded Funds (ETFs), structured products, derivatives or as a performance benchmark.
In addition to the broad based FTSE CNBC Asia 100 Index, specialised country and industry indices will be available for investors who want deeper analysis of the key drivers of performance. The indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system used by investors and exchanges worldwide. The FTSE CNBC Asia 100 Index is the latest index venture by FTSE and CNBC, following on from the FTSE CNBC Global 300 and FTSE CNBC Global 300 Supersectors launched in 2006. A full list of the new Asia Pacific indices is available in the appendix.
“By creating this index series, CNBC is able to provide viewers with one quantifiable measure of how Asian businesses are performing across the region,” said John Casey, Vice President, News and Programming, CNBC Asia Pacific. “During such volatile times, Asia has increasingly become a key market to watch. The FTSE CNBC Asia 100 Index will enhance investors’ knowledge by showing them a glimpse of broad market performance regionally in both developed and emerging markets while keeping them abreast of the global business environment.”
Paul Hoff, Managing Director of Asia Pacific, FTSE Group said: “Extending our collaboration with CNBC reflects the shifting focus of global investors towards Asia. These indices draw on the expertise FTSE and CNBC are known for in financial markets to provide investors with a deep understanding of the broader macroeconomic trends in Asia, while affording unique detailed insights into market drivers based on country and industry specifics.”
The FTSE CNBC Asia 100 Index features the hallmarks in index design that FTSE is renowned for including transparent index rules, governance procedures, liquidity screens and free float adjustment. For more information on the FTSE CNBC Asia 100 Index or other indices including the FTSE CNBC Global 300 and FTSE CNBC Supersector indices, please visit www.ftse.com/cnbc.
About CNBC Asia Pacific
CNBC, First in Business Worldwide, provides fast, accurate, actionable and unbiased business news and analysis to 390 millions households worldwide. CNBC in Asia Pacific is uniquely positioned to speak to viewers from across the region. Headquartered in Singapore, the network provides nine hours of live Asia-produced programming, which is complemented with coverage of live market action from Europe and the US. CNBC Asia Pacific's channels, which include CNBC Asia, CNBC-TV18 (India), CNBC Pakistan, Nikkei-CNBC (Japan) and SBS-CNBC (South Korea) are available in more than 21 countries across the Asia Pacific region. CNBC also has a strategic alliance with Shanghai Media Group, which wholly owns a subsidiary, China Business Network. The channels are distributed via satellite, cable and terrestrial broadcast networks, as well as broadband. CNBC content is also distributed on the 3G telecommunication platforms throughout various markets.
For more information, please visit us at http://asia.cnbc.com
About FTSE Group
FTSE Group (“FTSE”) is a world-leader in the creation and management of indexes. With offices in Boston, Beijing, London, Frankfurt, Hong Kong, Madrid, New York, Paris, San Francisco, Sydney, Shanghai and Tokyo, FTSE works with investors in 77 countries globally. It calculates and manages a comprehensive range of equity, fixed income, real estate and investment strategy indices, on both a standard and custom basis. The company has collaborative arrangements with a number of stock exchanges, trade bodies and asset class specialists around the world.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds.