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  ETF - Overview

Lyxor ETF FTSE Coast Kuwait 40 is a French SICAV, UCITS compliant, listed and tradable on the London Stock Exchange. It reflects the evolution of the FTSE Coast Kuwait 40.

FTSE and Coast Investment & Development Company collaborated to construct FTSE Coast Kuwait 40 Financial Index to reflect the Kuwaiti market. The constituents were chosen based on free-float market capitalization and liquidity. The constituents represent approximately 70% of the whole market capitalization of the market.

FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.

On Monday, February 26th 2007, the Index was launched on Reuters and Bloomberg to expose the Index to global investors. The index dissemination will provide instantaneous values during trading hours. The index can be viewed on both platforms using the following codes:

  • Reuters (FTGPCST001)
  • Bloomberg (GPCST001)


ETF Name ETF Code Underlying Index Factsheets
Lyxor ETF FTSE Coast Kuwait 40 (GBP) LKUW LN <Equity> FTSE Coast Kuwait 40 Index GBP Factsheet
Lyxor ETF FTSE Coast Kuwait 40 (USD) LKUU LN <Equity> FTSE Coast Kuwait 40 Index USD Factsheet



Index Highlights

  • Index Universe - The index universe includes all securities listed on the Kuwait Stock Exchange.
  • Selection List - The security selection list is defined as 40 constituents from companies listed in the Kuwait Stock Exchange.
  • The 40 constituents are the top companies measured in both float-adjusted market capitalization and liquidity.
  • The selected 40 stocks in the index represent approximately 65% of the total market capitalization.
  • Coast Kuwait 40 Index Back Test (2000-2006)



Index Break Down Based on ICB Standards

Top 10 Holdings

Mobile Telecommunications Co20.2%
National Bank of Kuwait9.5%
Kuwait Finance House9.3%
National Industries Co8.5%
Agility4.6%
Kuwait Investment Projects Co Holdings3.7%
Commercial Bank of Kuwait3.7%
Gulf Finance House E.C.3.4%
Investment Dar Co3.3%
Global Investment House KSCC2.8%



 
 
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