In an exclusive partnership with FTSE, ETFM provides data from the FTSE index range. This month, the focus is on Morocco
Emerging markets have found themselves in the limelight yet again with a continued appreciation from investors, as part of their overall portfolio evaluation. Indeed, the FTSE Emerging Index enjoyed a successful 12 months with a return of 24.1%, outperforming large/mid cap developed market stocks within the FTSE All-World Index (data as at 29 October 2010).
Performance like this has captured the attention of investors, managers and product providers alike, placing an increasing importance on reliable analysis and categorisation of such markets. As a global index provider, FTSE recognises the importance of accuracy within its annual country classification review. Using transparent, robust yet fair criteria, the classification process provides investors with confident access from developed-frontier markets, through its Global Equity Index Series and a range of stock exchange partnered indices.
FTSE has recently partnered with the Casablanca Stock Exchange to provide access to one such emerging market; Morocco. The FTSE CSE Morocco Index Series, launched in December of last year, is designed using FTSE’s robust rules for eligibility, free float and liquidity to boost investor confidence. The index series comprises two real time indices:
FTSE CSE Morocco 15 Index (Real Time)
Consists of the top 15 stocks trading on the Casablanca Stock Exchange, ranked by gross market capitalisation and calculated in real time (every 15 seconds).
FTSE CSE Morocco All-Liquid Index (Real Time and End of Day)
Captures the performance of the most liquid stocks trading on the Casablanca Stock Exchange and is available both in real time and as an end of day product.
These new indices provide international investors with liquid access to one of Africa’s largest markets (by market capitalisation) and are suitable for a variety of index-linked products, including ETFs.
In addition to the above, FTSE has explored a range of emerging markets focused indices over the years, from partner indices such as the above, to its Global Equity Index Series offering. This includes the FTSE Emerging Index, across property, the FTSE EPRA/NAREIT Emerging Index, and the FTSE RAFI Emerging Index within the alternative/strategy indices sphere. It also includes the FTSE RAFI Emerging Index, the FTSE EDHEC-Risk Efficient Emerging Index, and the FTSE EPFR EM Fund Flows Index.
Using FTSE’s global expertise and through the provision of geographically segmented themes across market-cap, alternative and strategy indices, investors are provided with a wider choice across asset classes and geography, supporting the drive for diversification.
£1bn business since inception
Considered doing so in 2015
Client communication considerations
Aviva: ‘We are sorry’
FOI from Professional Adviser