The Montreal Exchange Inc. (MX) is planning to launch new futures contracts based on the FTSE Emerging Markets Index later this week.
The new futures, which will begin trading on the MX on June 13, are targeted to investors seeking exposure to emerging markets for various reasons, including hedging, asset allocation, speculation and arbitrage. The underlying index includes large and mid-cap securities from so-called “advanced and secondary” emerging markets, and seeks to track the performance of the most liquid companies in the emerging markets.
“The FTSE Emerging Markets Index covers a broad geographic spectrum across industry sectors, meeting the growing demand from investors looking to access these growth markets,” says Mark Makepeace, CEO of FTSE Group.
“Global investor interest in emerging market equities is again on the rise and with this increased participation comes the need for effective risk management and hedging tools,” adds Alain Miquelon, president and CEO of the MX and group head of derivatives markets at the TMX Group Ltd. (TSX:X).