IDFC, FTSE create New India Infrastructure Index Series
25 Jul 2007
Infrastructure Development Finance Company Ltd (IDFC) and FTSE Group have launched the First India Infrastructure Index, called "FTSE IDFC India Infrastructure Index Series."
The new index will represent the performance of Indian companies listed on the National or Bombay Stock Exchanges in India, generating the majority of their revenue from infrastructure, and is designed to underpin the creation of index tracking funds and structured products.
FTSE IDFC India Infrastructure Index Series contains one tradable and one benchmark index and is calculated in real time and end of day basis. It contains stocks listed on the National or Bombay Stock Exchanges, focused on infrastructure sectors including transportation, energy, communication and construction.
"The Indian infrastructure space is on a long term secular growth path and the FTSE - IDFC India Infrastructure Index Series will be extremely useful to Indian and international investors in getting exposure to Indian infrastructure through funds and structured products," said Dr Rajiv Lall, managing director and CEO, IDFC.
"We are delighted to partner FTSE, which is a world leader in index creation and management, in the creation of the first Indian Infrastructure Index," Lall added.
