Expert MICEX: Industry Indexes cause an increase in the number of index funds

Foreign Exchange Market Finansy28-04-2007 From April MICEX launches three sectoral indices relating to the oil industry, electricity and telecommunications companies. This innovation, according to analysts, will allow investors to track the ups and downs of shares in leading companies in the industry. The very idea of ??sectoral indices for Russia is not new. For example, the RTS has already has five such indices. "The Russian market appeared serious players, respectable investors who are interested in certain securities, and they have matured interest to industry indexes", - says head of index management MICEX Gleb Shevelenko. The new indices will be published in real time. Presumably, the oil index will include seven securities (shares of leading companies such as Gazprom, Rosneft, Surgutneftegaz). The energy will be calculated for 15 securities, telecommunications - in ten. The index decided to update once a quarter. According to the representative of the MICEX, the new indices will cause the growth of index funds. Thus, the stock market has already turned a few management companies that are willing to form a similar mutual funds. MICEX plans to launch another three indexes, so-called index capitalization. The first will include shares of 10 companies with the largest capitalization in the second - following 30 in the third - the following 50. That is, all shares of the first 90 companies working on the MICEX, will line up in descending order, and are planned to make these indices. According to the newspaper PIF-info, article published on the basis of a cooperation agreement between Pravdoy.Ru "and" PIF-info ". Lily Subin