S&P Dow Jones launches new indicesS&P Dow Jones Indices has launched nine new indices covering the South African equity market, headlined by the launch of the S&P South Africa Composite - an index which measures the performance of companies actively traded and listed on the Johannesburg Stock Exchange (JSE). The S&P South Africa Composite, which covers both foreign domiciled and domestic domiciled companies listed on the JSE with float-adjusted market values of US$100m or more and annual dollar value traded of at least US$50m, serves as the basis for the following eight S&P branded indices: Potential ETF developmentS&P Dow Jones Indices has licensed the S&P South Africa Dividend Aristocrats and the S&P South Africa Low Volatility Index to Grindrod Bank, a registered financial services and credit provider in South Africa, for potential ETF development. "Grindrod Bank intends to add two new 'Smart Beta' ETFs to its Gtrax suite of ETFs, both of which will be aligned to both the low volatility and dividend aristocrat themes," says Gareth Stobie, head of Capital Markets at Grindrod Bank. "These themes have proven to be enormously popular with investors abroad. We are excited to provide South African investors with access to these strategies on the local exchange through Grindrod Bank." Additional information on all indices can be found at www.spdji.com. |