The FTSE Group last week launched a new index that attempts to measure the performance of companies in the 15 accession states due to join the European Union in May of this year.
The FTSE New EU index contains 30 constituents and shows the performance of the three largest listed companies in each of the ten new entrants to the EU. Historical data has also been calculated, which shows that the region’s markets have dramatically outperformed world markets over the last two years.
The largest weighted countries within the group are the Czech Republic, Hungary and Poland, and that the most represented economic groups are Non Cyclical Goods, Resources and Financials. The index also allows analysis of the smaller markets, not covered in global index series: Cyprus, Malta, Estonia, Lithuania, Latvia, Slovakia and Slovenia.
Mark Makepeace, Chief Executive of FTSE Group noted, “FTSE is contributing to this historic moment for Europe with a creative investment tool. We’ve used our international index design skills to construct an index which provides information in a format that is easy for European investors to analyse and compare with other market indices.”
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment