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FTSE Russell develops new Index Series with Namibian Stock Exchange

  • 20 indexes in the series
  • Existing Namibian indexes calculated by FTSE Russell were previously part of FTSE JSE Index Series

FTSE Russell, the global index and data provider, today announces it will launch its new FTSE NSX Index Series on 1 July. FTSE Russell has calculated Namibian-focused indexes since 2002 but these were previously included in the broader FTSE JSE Index Series.

The Index Series will be launched in cooperation with the Namibian Stock Exchange (NSX) and includes a new capped index, the FTSE NSX Capped Overall Index. The existing Namibian-focused indexes have been separated from the FTSE JSE Index Series and incorporated in the new series, which includes more than 20 indexes in total. The Index Series will have its own Ground Rules, which describe the underlying universe from which constituents are drawn, the eligibility criteria and the frequency at which the composition of the indexes are reviewed.

Donald Keith, Deputy CEO, FTSE Russell said:

“FTSE Russell has strong relationships across Africa and we are delighted to be working with NSX to create this new index series for the Namibian market. The launch of a series of indexes for investors comprised of the securities listed on NSX, is an important step for the market and country as a whole. We look forward to working with NSX to further develop this index series and create innovative index products for this market”. 

Tiaan Bazuin, Chief Executive Officer, NSX said:

“NSX is committed to the growth and development of the financial market in Namibia. The launch of this new dedicated Namibian index series is a testament to the development of the country’s financial markets. We are pleased to be working with FTSE Russell to build these indexes, which we believe will further encourage investor participation in our markets.”

More information on the FTSE NSX Index Series can be found here.

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Notes to editors:

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide.  FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $10 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com 

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