FTSE Russell Launches New Saudi Arabian Index
- Part of Saudi Arabia's effort to open up its economy, the index will be matched with an ETF on the Abu Dhabi Securities Exchange
FTSE Russell, an index Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and data provider, announced today that it is launching a Saudi Arabia-focused index. The FTSE ADS Custom Saudi Minimum Variance Index (CSMVI) was launched with ADS Investment Solutions (ADS), an Abu Dhabi-based asset manager.
The CSMVI will not be overly focused on any one sector as it attempts to reflect the broader trends in the Saudi Arabian market. ADS also claim that the new index will help to reduce Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the FTSE Saudi Arabia All Cap Index.
FTSE Russell’s CEO, Mark Makepeace, discussed the new index, saying: “We are delighted to collaborate with ADS Investment Solutions, to support the development of the local capital markets and the growing demand for investment in the Middle East.”
New ETF for a new index
ADS will also be launching an exchange-traded fund (ETF) to track the index. The ETF has been incorporated in Abu Dhabi Global Market (ADGM) and will be listed on Abu Dhabi Securities Exchange.
The launch of the CSMVI comes shortly after FTSE Russell changed Saudi Arabia to emerging market status. Saudi Arabian stocks will be included in FTSE Russell’s emerging markets index from March of 2018. As the Saudi Arabian market is large, stocks will only be gradually introduced to the index and the process will likely be complete in December 2019.
The new index is a reflection of Saudi Arabia’s growing efforts to diversify its economy, moving away from its oil dependency and opening up to foreign investment. In January of this year, the country’s financial regulator, the Capital Market Authority, eased restrictions on foreign investors to encourage investment in its stock market.
FTSE Russell, an index Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and data provider, announced today that it is launching a Saudi Arabia-focused index. The FTSE ADS Custom Saudi Minimum Variance Index (CSMVI) was launched with ADS Investment Solutions (ADS), an Abu Dhabi-based asset manager.
The CSMVI will not be overly focused on any one sector as it attempts to reflect the broader trends in the Saudi Arabian market. ADS also claim that the new index will help to reduce Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the FTSE Saudi Arabia All Cap Index.
FTSE Russell’s CEO, Mark Makepeace, discussed the new index, saying: “We are delighted to collaborate with ADS Investment Solutions, to support the development of the local capital markets and the growing demand for investment in the Middle East.”
New ETF for a new index
ADS will also be launching an exchange-traded fund (ETF) to track the index. The ETF has been incorporated in Abu Dhabi Global Market (ADGM) and will be listed on Abu Dhabi Securities Exchange.
The launch of the CSMVI comes shortly after FTSE Russell changed Saudi Arabia to emerging market status. Saudi Arabian stocks will be included in FTSE Russell’s emerging markets index from March of 2018. As the Saudi Arabian market is large, stocks will only be gradually introduced to the index and the process will likely be complete in December 2019.
The new index is a reflection of Saudi Arabia’s growing efforts to diversify its economy, moving away from its oil dependency and opening up to foreign investment. In January of this year, the country’s financial regulator, the Capital Market Authority, eased restrictions on foreign investors to encourage investment in its stock market.