Opening new avenues for Asian investors to secure their financial future, Standard & Poor's, the world leading index provider, announced today that it has signed a Memorandum of Understanding with the Korea Exchange (KRX) to develop a new set of indices which will meet the investing needs of Asian investors.
The partnership will combine Standard & Poor's brand equity, track record in exchange partnerships and renowned analytical expertise in creating new, tradable indices with the Korea Exchange's comprehensive knowledge of local investor interests and requirements. The new indices will be developed to serve as the basis for the creation and trading of ETF's and index derivatives.
"Asian investors, like their counterparts around the world, recognize the value of diversification and want index products that will provide them with quick and easy access to different regions and sectors globally," says Alexander Matturri, Executive Managing Director and Head of Standard & Poor's Portfolio Services. "To this end, Standard & Poor's is excited to partner with the Korea Exchange. Their vast experience in facilitating trading and unrivaled knowledge of the financial marketplace will allow Standard & Poor's to create indices that fit the requirements and needs of Asian investors."
Recognizing the value of local partnerships, Standard & Poor's pioneered the concept of exchange partnerships in the year 2000, when a partnership with the Australian Stock Exchange was announced. Since then, a number of unique and well recognized partnerships have developed -- most notably with primary exchanges in Tokyo, Milan, Toronto, Moscow, Hong Kong, and India. -- Standard & Poor's
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