London Stock Exchange celebrates FTSE Russell’s index partnership with Abu Dhabi Securities Exchange
Today, London Stock Exchange markets were opened by Abu Dhabi Securities Exchange and FTSE Russell to mark their partnership and the launch of the FTSE ADX Index Series.
- FTSE ADX General Index
- FTSE ADX Sector Indexes
- FTSE Russell provides daily index calculations on the ADX General Index
- FTSE ADX General Index replaces the ADX General Index
- FTSE Russell and ADX to introduce new ESG and Shariah compliant indexes
In February 2020, the Abu Dhabi Securities Exchange (ADX) signed an index partnership with FTSE Russell, a leading global index, data and analytics provider, part of London Stock Exchange Group. Under the agreement, FTSE Russell will become the benchmark administrator for ADX’s domestic equity indexes. FTSE Russell announced today that it will begin providing daily index calculations on the Abu Dhabi Securities Exchange (ADX) General Index.
The ADX indexes will transition to FTSE Russell’s index methodology, with the index names to be co-branded. The FTSE ADX General Index will replace the ADX General Index, with FTSE ADX sector indexes taking the place of the existing sector indexes.
The FTSE ADX General Index will include all companies listed on the ADX and nine sector specific indexes (Banks, Consumer Staples, Energy, Financial Services, Industrials, Insurance, Real Estate, Services and Telecommunications). FTSE Russell classifies UAE as a ‘Secondary Emerging’ market within its Global Equity Index Series (GEIS). As part of an FTSE Russell and ADX agreement, a new series of sustainable finance indexes and Shariah compliant indexes are also planned, demonstrating a commitment to continued investment and innovation.