PRESS RELEASE
Asia Index Private Limited launches S&P BSE MidCap Select and S&P BSE SmallCap Select Indices
Investible Indices to gauge the growth of select mid-cap and small-cap companies
Mumbai, July 08, 2015 – Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE, has announced the launch of the S&P BSE MidCap Select and SmallCap Select indices. The indices have been designed to measure the performance of the top 30 Indian mid-cap companies and the top 60 Indian small-cap companies that meet investability requirements, respectively.
The constituents are selected from the S&P BSE MidCap Index and S&P BSE SmallCap Index respectively, both of which are sub-indices of the S&P BSE AllCap Index. Eligibility includes common stocks with a listing history of at least six-months. The maximum number of stocks, as per the BSE sector classification, is limited to ten stocks. All constituents in the indices are weighted based on its float adjusted market capitalization.
These indices are reconstituted semi-annually, in March and September. The index values for both Indices are calculated on an end of day basis and are available in Indian Rupees and United States Dollar. The first value date of each Index goes back to 16th September 2005.
“The launch of these Indices comes as a result of investor demand for investable, rules based and transparent MidCap and SmallCap indices for India’s capital market. These Indices include a cross section of the top mid cap and small cap companies in the market that meet both liquidity and market capitalization criteria. They can serve as the basis for the creation of low cost products such as ETFs (exchange traded funds) and index funds tracking the index.” says Alka Banerjee, CEO of Asia Index Private Limited.
“We are excited to launch the S&P BSE MidCap Select and S&P BSE SmallCap Select Indices at a time when mid-cap and small-cap segments of the market are witnessing a huge interest from the investors locally as well as globally,” says Ashishkumar Chauhan, MD & CEO, BSE.
For more information, please visit: www.asiaindex.co.in
ASIA INDEX PRIVATE LIMITED
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index - a leading indicator of Indian equity market performance. Asia Index Pvt. Ltd, which combines the benchmarks, market intelligence, and insights of both parent companies, each established more than 115 years ago, aims to provide a full array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies. The Company is best known for calculating, publishing, and maintaining a diverse family of Asian indices under the umbrella brand, S&P BSE Indices.
About BSE Ltd
BSE Ltd (formerly Bombay Stock Exchange Ltd.), established in 1875, is Asia’s first and fastest Stock Exchange with the response time of 200 microseconds and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC, a subsidiary of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to S&P Dow Jones Indices LLC.
It is not possible to invest directly in an index. Asia Index Pvt. Ltd (“AIPL”), S&P Dow Jones Indices LLC, BSE, Dow Jones and their respective affiliates do not sponsor, endorse, sell, or promote any investment fund or product that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where AIPL, S&P Dow Jones Indices and/or BSE do not have the necessary licenses. AIPL receives compensation in connection with licensing its indices to third parties.
For more information:
BSE Ltd.
Marketing Communications
Yatin Padia – +91 022 22718516
yatin.padia@bseindia.com
Asia Index Private Limited
Bhavna Sadarangani
Marketing
bhavna.sadarangani@spdji.com
S&P Dow Jones Indices
David R. Guarino
Communications
dave.guarino@spdji.com
(+1) 212 438 1471