S&P Dow Jones Indices has launched a suite of fourteen new equity indices covering thirteen African markets providing investors in Africa, as well as those outside, with an offering of indices measuring the performance of the African equity markets.
The launch of the new line of indices comes on the heels of SPDJI’s continuing expansion in Africa. So far this year, SPDJI has launched twenty-nine new indices covering varying segments of the African and South African equity markets.
S&P Dow Jones Indices stated that the headline index launched by SPDJI is the S&P All Africa, a benchmark for the African continent. The index combines the constituents of the S&P Pan Africa, S&P South Africa Composite, and S&P Zimbabwe BMI, as well as developed market listed companies that operate purely in or derive a majority of their revenues from the African continent. The S&P All Africa serves as the basis for numerous sub-indices including regional benchmark and tradable indices covering different segments of the continental equity market.
S&P Dow Jones Indices LLC is a part of McGraw Hill Financial (NYSE: MHFI).