Offers direct exposure to specific equity sectors in the CEEMEA region
Barclays Capital, the investment banking division of Barclays Bank, has launched Barclays Capital CEEMEA Sector Indices, an index family designed to offer direct exposure to the specific equity sectors of the Central & Eastern Europe, Middle East, Africa (CEEMEA) regions, through liquid and tradable instruments.
Reportedly, the sectors covered for the CEEMEA sectors indices are banks, consumer, energy, material, telecom, defined according to the GICS classification. For each sector a rules based index has been created, formed by the most liquid stocks in that sector which are publicly listed on the exchanges of Greece, Hungary, Morocco, Egypt, Turkey, South Africa, Russia, Czech Republic, Israel, Poland and GDRs or ADRs listed on the London Stock Exchange International.
Barclays Capital has said that it will provide data, analytics and support for the indices via web-based and other e-commerce protocols. Jose Mazoy, index, portfolio & risk solutions team at Barclays Capital, said: “There is a growing appetite among investors for access to the emerging markets. We are pleased to offer investors a transparent, rule based and tradable index solution.”
Ayo Akinluyi, head of EEMEA equities at Barclays Capital, said: “Investing in emerging market equities presents a number of hurdles for retail as well as institutional investors. This suite of indices is designed to provide a liquid and tradable means of investing in specific sectors in the CEEMEA region, allowing investors to implement their specific investment views through both delta-1 and volatility products. We believe these indices will provide a simple and efficient means for investors to gain access to the emerging market equities.”