Introduction
The MSCI Emerging Market (EM) Asia ex China Index captures large and mid cap representation across 8 of 9 Emerging Market countries excluding China, including India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Taiwan and Thailand. As at 30 June 2020, the index comprises 409 constituents and covers about 85% of the free-adjusted market capitalization in each country.
Uses of MSCI Emerging Markets Asia ex China Net Total Return (USD) Index Futures
The introduction of the MSCI Emerging Markets Asia ex China Net Total return (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies in 8 of 9 emerging Asian countries (including India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Taiwan and Thailand) in a cost effective manner. Asset managers and banks can make use of MSCI Emerging Markets Asia Net Total Return (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue.
The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively.
The Commodity Futures Trading Commission (CFTC) has certified the MSCI Emerging Markets Asia ex China Net Total Return (USD) Index Futures contracts to be offered and sold to persons in the U.S.
