The London Stock Exchange and the FTSE Group have announced that they are launching 18 new sector indexes for the Alternative Investment Market (AIM).
“The introduction of the FTSE AIM Supersector Index Series is a significant step in the development of AIM as a mainstream asset class and is part of a series of initiatives to enhance AIM’s secondary market liquidity,” Martin Graham, head of AIM at the LSE, said in a statement.
“The AIM Supersector Indices will provide greater investor visibility and will enable the development of ETF and OTC products based on the sector indices,” Graham added.
Calculation of the FTSE AIM supersector index series will begin on Wednesday.