S&P Indices has rolled out the S&P CNX Nifty Futures Index, tracking the performances of a portfolio which holds one CNX Nifty Futures contract that rolls monthly, The Asset reports. The India country index is based on the front month contract traded on the Singapore International Monetary Exchange.
The index will serve as the basis for tradable products and open an important portal for global investors into the Indian market. The index offers a family of indices in SEK, CHF and EUR, with hedged versions for each. The family includes the S&P CNX Nifty Futures SEK Index and the S&P CNX Nifty Futures SEK Hedged Index.
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