Asia Index introduces three new indices

Asia Index, a wholly owned subsidiary of leading stock exchange BSE Ltd, on Friday announced the launch of three new indices – BSE Sensex Sixty 65:35, BSE Sensex Sixty, BSE Power and Energy Index.

These indices can be used to benchmark PMS strategies, mutual fund schemes and fund portfolios, Asia Index said in a statement.

Indexes can also be used to run passive strategies such as ETFs and index funds, as well as to measure the performance of companies in the above-mentioned sectors.

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Moreover, investors now have access to a wider range of market opportunities by enriching their investment strategies with the latest additions to the BSE index suite, he added.

BSE Sensex Sixty 65:35 contains the ingredients of BSE Sensex and BSE Sensex Next 30 in the ratio of 65:35 respectively.

The BSE Sensex Sixty consists of the Sensex and BSE Sensex Next 30 components in order of their free float capitalization, while the Power and Energy Index will measure the performance of companies present on the BSE 500 from the Energy and Utilities sectors.

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“These launches are a small step in expanding our offering and we hope to continue to deliver more impactful products by working closely with capital market participants,” said Ashutosh Singh, MD and CEO, Asia Index Pvt Ltd.