The Jamaica Stock Exchange Launches the JSE Manufacturing and Distribution Index
The Jamaica Stock Exchange (JSE) is keeping apace with the demands from our Market by providing innovative products and services for investors to expand and diversify their portfolios. On October 1, 2019 the JSE will launch the JSE Manufacturing & Distribution Index. This Index will enable investors to invest in all the manufacturing and distribution companies that are listed on both the Main and Junior Markets. This Index will consist of thirty (30) securities, eighteen (18) representing the manufacturing industry and twelve (12) securities for the distribution industry. This unique Index is also comprised of twenty-one (21) Junior Market Companies and nine (9) Main Market Companies.
The JSE Manufacturing & Distribution Index, is now the second such Index on the JSE, following the Financial Index that was launched earlier this year. This Index will commence at a base of 100. The weighted average market capitalization method will be used to calculate the Index. The performance of the Index will be reported on the JSE website similar to the other eight (8) Indices so that investors can track the performance of the specific industry.
Mrs. Marlene Street Forrest, Managing Director of the JSE, stated that “as we continue listen to our investors and track other markets, we will endeavor to provide our investors with the conduit and platform through which products and services can be developed and delivered. This Index is designed to provide market information based on the companies in a specific industry targeted. We anticipate that from the Manufacturing & Distribution Index, we will see innovative products and new investors to the market.”. Mrs. Street Forrest further stated that “specific Funds can now be created utilizing this Index thereby allowing investors to invest in all manufacturing and distribution companies.”
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