FTSE Frontier 50 Index
FTSE has extended its equity index suite to include Frontier markets.
The FTSE Frontier 50 Index is FTSE’s first index to be created from an eligible universe of 23 new frontier markets, which has been screened using its established country classification methodology that assesses markets against the size requirements, basic governance and market infrastructure elements required by international institutional investors. The new index is calculated in real-time and is designed to be used as the basis of financial products such as ETFs, mutual funds, and derivative products.
The universe for this index covers 23 markets, which have been identified by applying five criteria from FTSE's renowned country classification criteria. These are:
- There must be a formal and independent stock market authority that actively monitors the market.
- There should be no objection to or significant restrictions or penalties applied on the repatriation of capital and income.
- Transparency. There should be market depth information, visibility and a timely trade reporting process and a requirement of international price dissemination.
- Settlement: there should be a rare incidence of failed trades.
- Clearing and Settlement period shorter than T+7 (and greater than T+1).
Markets must also meet a minimum country free float size requirement of 750m USD.
Click here for more information about FTSE's Country Classification process.
Bahrain
Bangladesh
Botswana
Bulgaria
Côte d'Ivoire
Croatia
Cyprus
Estonia
Jordan
Kenya
Lithuania
Macedonia
Mauritius
Nigeria
Oman
Qatar
Romania
Serbia
Slovakia
Slovenia
Sri Lanka
Tunisia
Vietnam