Bangkok--3 Jan--SET
The Stock Exchange of Thailand (SET) and FTSE Group are currently surveying local and overseas institutions to support the development of a new index with a range of innovative investment products. Market consultations will conclude by end-January 2007.
SET and FTSE Group consultation began in November 2006, and included overseas institutions in investment hubs like Hong Kong and Singapore, SET Senior Vice President Dr. Sethaput Suthiwart-narueput reported.
“The consultation will provide data on the characteristics of an index appropriate to the Thai market. The new index will underlie future financial products, especially exchange-traded funds, derivatives and other products which have been very popular overseas. A broader range of securities will provide investors with a more comprehensive and flexible service,” Dr. Sethaput said.
In November, 2006, SET and FTSE Group signed an MOU to co-develop the new index. This collaboration should ensure an index of international standard, which will be an important step in raising the Thai market’s regional profile.