Monday 17, November 2008 by

First Islamic market index for ASEAN countries from Dow Jones

The DJIM ASEAN Index, which currently includes Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, is designed to serve as underlying for financial products such as exchange-traded funds (ETFs), or as a benchmark for actively managed mutual funds. The index has been licensed to Malaysia-based Corston-Smith Asset Management to be used as the basis for a long-only corporate governance investment fund.

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