| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MSCI, Inc. > News item |
MSCI and Bolsa de Valores de Colombia to launch MSCI Colcap index
By Taylor Fox
New York, Nov. 11 – MSCI Inc. and Bolsa de Valores de Colombia entered into a strategic alliance to launch the MSCI Colcap index in the first half of 2021, according to a news release.
As the leading stock market index for Colombia, the new MSCI Colcap index is designed to bring greater transparency and consistency to the Colombia equity universe.
The index tracks the performance of securities that trade on the BVC.
The methodology and calculation of the index leverages components of the framework of MSCI’s rules-based global investable market indexes methodology and are being administered by MSCI.
The index replaces the Colombia Colcap index that was launched in January 2008 and has been the flagship index of the Colombian market since 2013.
“We are pleased to be partnering with BVC in driving greater transparency of the Colombian market through the launch of this flagship index,” said MSCI chairman and chief executive officer, Henry Fernandez. “MSCI’s indexes exist to serve the needs of international investors who want to understand and evaluate the global investment opportunity set in any given country. This strategic alliance represents a significant development for MSCI in our mission to encourage and foster the openness and interconnectivity of financial markets across Latin America and around the world.”
The COLEQTY, COLIR and COLSC indexes will continue to be managed, calculated and distributed by the BVC.
MSCI is a New York-based provider of analytics and research to money managers and other investors, and Bolsa is the leading operator of the Colombian capital market infrastructure and the Colombian Securities Exchange.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.