nuam, a regional holding company that integrates the stock exchanges of Santiago, Colombia, and Lima, together with MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, today announced the launch of the MSCI nuam Index.
The index offers domestic and international investors with a unified vehicle to access the equity markets in Chile, Colombia, and Peru. The MSCI nuam Index provides a framework for assessing the global visibility and liquidity of the Latin American markets by helping investors worldwide understand the equity opportunity set in the region and measure the performance of companies in all three countries.
With 56 constituents, the MSCI nuam Index currently captures the performance of equities representing a market capitalization of approximately US$319 billion. Index constiuents include:
By sector, the MSCI nuam Index is led by financial companies, with a 41% weighting, followed by materials at 21% and utilities at 10%.
"This launch is a concrete step to increase the visibility of our [region’s] companies globally. The MSCI nuam index allows us to present a unified face to the world. This tool raises the profile of our companies among global investors and reaffirms our commitment to an integration that creates value, deepens liquidity, and boosts the development of the capital market in Latin America," said Juan Pablo Córdoba, CEO of nuam.
At its base, the MSCI nuam Index is underpinned by the Global Investable Market Index methodology, which is used for indexes designed to represent and measure global equity markets as they evolve.
Through this strategic collaboration, nuam will leverage MSCI’s global expertise and track record as a leading global index provider to manage, promote, and globally distribute the index.
"MSCI is pleased to launch the MSCI nuam index, which seeks to enhance visibility and access to the Colombian, Chilean and Peruvian investable equity markets. The index offers local and international investors broader regional exposure, deeper market coverage, and a standardized framework for navigating one of the world’s most dynamic emerging regions.” said George Harrington, Global Head of Fixed Income & Derivatives at MSCI Inc.