Asian Index expands coverage; launches 19 indices

Published on April 17, 2015 08:19:30 AM
Business
S&P Dow Jones and BSE’s joint venture, Asia Index Private Limited (AIPL) is expanding its coverage in Indian equity market by launching 19 indices.

These 19 indices consists of 16 benchmark indices (S&P BSE AllCap index and its suite of 15 indices) along with 3 strategy indices.

The S&P BSE AllCap index’s suit of 15 indices is further sub-categorised into five size-based indices including LargeCap, MidCap and SmallCap using total market capitalisation and ten sector-based sub-indices. Certain existing indices will be replaced by the new indices.

Strategy indices for investors dealing in sophisticated investment products.

S&P BSE AllCap index is a broad index comprising more than 700 listed BSE stocks and covers more than 95 per cent of the total market capitalization.