Refinitiv, Arab Federation of Exchanges roll out low-carbon index in MENA

SectorFinancial Markets

Mubasher: Refinitiv and the Arab Federation of Exchanges (AFE) on Monday announced the launch of the Refinitiv AFE Low Carbon Select Index in the MENA region. The new index, a benchmark of environmental, social, and governance (ESG) indices, offers investors the opportunity to invest in companies that promote and invest in low carbon activities in the region, according to a statement. Saudi Arabia is the largest country weight in the Index with a 39.5% position, followed by Kuwait (22.3%), UAE (16.6%), Qatar (13.4%), Egypt (4.5%), and other MENA markets (3.8%). Over the course of five years, the annualised return of the Refinitiv AFE Low Carbon Select Index advanced by 5.1%, surpassing the Refinitiv free float Index for more...