The Credit Suisse/Tremont Hedge Fund Index Group announced has launched the Credit Suisse/Tremont LEA Index, a diversified index that aims to capture the high growth potential of the emerging market economies of Latin America, EEMEA (Emerging Europe, Middle East and Africa), and Asia.
“We are pleased to announce the launch of the LEA Index, a distinctive asset-weighted index with three sub-regional indices. LEA represents the overall performance of this region-specific, emerging market hedge fund universe through a rules-based methodology. It offers systematic insight into the performance of hedge funds that seek to take advantage of the investment opportunities and inefficiencies in these three regions which are currently experiencing improved creditworthiness, strong domestic consumer demand and large inflows of foreign direct investment. The LEA Index has semi-annual rebalancing and has 42 constituent funds,” says Oliver Schupp, president of Credit Suisse Index Co., Inc.