FTSE/ATHEX Index Series
The FTSE/ATHEX Index Series is a joint venture between FTSE and the Athens Exchange. FTSE’s collaborative relationships with exchanges worldwide form a vital aspect of its business and create the perfect partnership of expertise and local knowledge. Our partnership with ATHEX is one our oldest and most valued partnerships spanning over ten years with the initial launch of the FTSE/ATHEX Index Series in 1999, bringing international standards to the domestic investor community.
FTSE has worked continuously with ATHEX to provide new and innovative products to the Greek market. In January 2008 FTSE and ATHEX licensed Alpha Bank Group to create an ETF based on the FTSE/ATHEX 20 Index. This was to be the first ETF on ATHEX and has to date reached a significant AuM value of $82.13 USD million (2009). The ETF has successfully paved the way for further investment into the companies within the index, as well as opening up the potential for future ETFs and structured products.
In November 2008, FTSE, ATHEX and the Cyprus Stock Exchange (CSE) introduced the FTSE/ATHEX-CSE Banking Index. The objective of this index was to aid domestic investors in reducing risk exposure and increasing investment flows in to a well-established sector. These enhancements came as a result of market consultation and prove FTSE’s commitment to ongoing excellence in the index space.
These indices form the performance benchmark of the Greek market. The indices are capitalisation-weighted and consist of companies traded on the Athens Exchange.
