Asia Index launches S&P BSE Sensex Next 50 index

Asia Index, a joint venture between S&P Dow Jones and BSE has launched S&P BSE Sensex Next 50 index. The index has been designed to measure the performance of the 50 largest and most liquid companies within the S&P BSE Large cap and Mid cap index, which are not under the domain of the S&P BSE Sensex 50 index.

The S&P BSE Sensex Next 50 index is an extension of the S&P BSE Sensex 50 index. Counter to the increasing demand from institutional and retail investors, Asia Index has launched a rule-based and transparent index that is suitable to underlie ETFs or Index Funds.

The index includes the 50 largest companies after the constituents of the S&P BSE Sensex 50 index. The constituents of the index are weighted by float adjusted market capitalisation. The index will be going under periodic review semi-annually in June and December.

The index will be calculated in INR and USD for both price returns as well as total returns versions. The first value date of this index goes back to December 16, 2005.