Khan Bank, whose shares are listed on the I segment of the Mongolian Stock Exchange, has become the first representative of Mongolia in the FTSE Russell Frontier Market index, a subsidiary of the London Stock Exchange.
According to stock market experts, the inclusion of Khan Bank among 373 companies from 30 countries such as Kazakhstan, Vietnam, and Pakistan in the new FTSE Russell emerging markets index announced last month is an important step in the development of the Mongolian stock market.
FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), is engaged in the issuance, licensing, and sale of stock indices. This division is known, for example, for the FTSE 100 index in the UK and the Russell 2000 index in the USA. The inclusion of the Mongolian bank in this index will open new opportunities for foreign investors and help improve Mongolia's international reputation, as well as increase market liquidity.
To be included in this index, companies must meet strict criteria, including financial stability, market capitalization, liquidity, and management transparency. Khan Bank, having met all these requirements, has elevated the Mongolian capital market to an international level, which is an outstanding achievement.
In recent years, the Mongolian Stock Exchange has actively collaborated with regulators and infrastructure organizations to align the domestic capital market with international standards and expand the range of products and services, thereby creating a favorable investment environment for foreign investors.
The FTSE Russell brand was formed in 2015 as part of the integration of FTSE and Russell indexing services. In the same year, LSEG sold the Russell Investments asset management division and acquired Mergent, a company specializing in corporate data.
On March 2, 2022, FTSE Russell removed all Russian securities from its indices in response to the Russian Federation's invasion of Ukraine and the sanctions imposed on Russia.
Tatar S.Maidar
source: MiddleAsianNews
