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Asia Index launches five ‘size-based’ indices

Asia Index launches five 'size-based' indicesMumbai, Dec 11 (IANS) Asia Index on Monday announced the launch of five "size-based" indices to measure the performance of large-cap, mid-cap and small-cap companies.

According to Asia Index, which is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE, the move to launch new "size-based" indices comes in response to Indian market regulator Sebi's latest guidelines for the categorisation and rationalisation of mutual fund schemes.

"It is our endeavor to continue to ensure we are meeting market demands and providing suitable, transparent and rules based benchmarks for the Indian market," said Alka Banerjee, CEO, Asia Index.

 

Asia Index added that the new indices comprise stocks from the constituents of the S&P BSE 500 index and are weighted based on their float-adjusted market capitalisation.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Asia Index launches five 'size-based' indices

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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