ADX and FTSE Russell launch benchmark Growth Market Index

ADX and FTSE Russell launch benchmark Growth Market Index

ABU DHABI, UAE: The Abu Dhabi Securities Exchange (ADX) and FTSE Russell, under their index partnership, have co-developed a new benchmark, the FTSE ADX Growth Market Index (FADGMI) that will track the performance of the ADX’s recently rebranded Growth Market segment.

FADGMI, the new index that went live today, includes the eligible constituents of the Growth Market, will provide investors with the ability to mimic the Growth Market performance that consists of a wide range of emerging and fast-growing companies starting their capital market journey.

The launch of FADGMI is a result of ADX’s successful partnership with FTSE Russell and closely follows the launch in March of the FTSE ADX 15 Index (FADX15), a blue-chip benchmark of the 15 largest and the most liquid companies on ADX. More co-branded indices are expected to be launched under the partnership in the coming months.

The ADX Growth Market, the new brand of the Second Market, is an emerging equity segment on the exchange that connects investors and privately owned businesses in sectors as diverse as sports, transportation, wholesale trading, and healthcare.

The first of its kind in the region, ADX's partnership with FTSE Russell is part of the exchange's ambitious strategy to provide its investors with