FTSE Group, is pleased to announce that it has agreed terms …
to take over the existing equity indices for the Italian market on behalf of Borsa Italiana from 30 March 2009. In addition to the current S&P/MIB index, the calculation of which will be unchanged in the transition, and which will be re-branded FTSE MIB, FTSE will also extend coverage of the market by creating a new suite of investable equity indices covering an integrated range of market segments and sectors, available in custom and standard packages. FTSE’s Italian indices will offer increased international visibility for the domestic Italian market, and provide both local and international investors with a range of state-of-the-art index tools to access new investment opportunities in Italian equities.
FTSE and Borsa Italiana will begin work immediately with existing index users to advise of the transition timetable and seamlessly migrate their index packages to the new FTSE products.
Source: ETFWorld.co.uk -FTSE Group
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