Oct 06 2008
JSE and LSE launch “me-too” African indices
The Johannesburg Stock Exchange (JSE) and London Stock Exchange (JSE) decided today was a good day for launching something new.
So, they announced two new indices for investors interested in putting their money on Africa. The indices, the so-called FTSE/JSE All Africa 40 Index and the FTSE/JSE All Africa ex South Africa 30 Index, are “suitable for the creation of financial products”, said JSE CEO Russell Loubser.
The idea is not new. In fact, the two JSE/LSE indices join a growing number of African indices, developed with the same aims in mind. For instance, this one developed by the Deutsche Börse in Frankfurt in July.