FTSE Group Expands Real Estate Index Series to Include Middle East and Africa
What happened
On March 23, 2009, FTSE Group launched the FTSE EPRA/NAREIT Global Indices. These new global indices represent a composite of both developed and emerging real estate markets. The index series was expanded to include new regional indexes, such as the FTSE EPRA/NAREIT Middle East and Africa Index.
From globalcustodian.com
Why it matters
The expanded index structure enables investors to measure listed real estate performance across all major geographies and property types. FTSE stated that this increased coverage helps investors achieve diversification by including both geographic and property type exposure globally.
From globalcustodian.com
Who's involved
- FTSE GroupBritish provider of stock market indices that launched the new global series.
- AfricaContinent whose real estate markets are now tracked in the new index series.
- Middle EastGeopolitical region included in the new regional index series.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AfricaSpeculative
African real estate markets might see increased foreign investment visibility due to the new index inclusion.
Keep exploring
The entities involved
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FTSE Group
British provider of stock market indices
Nothing else this week.
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Africa
continent
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran