MSCI expands Islamic indexes

Index provider MSCI Barra has extended its Islamic indexes family by expanding its Emerging Markets coverage to include Small Cap components and launching a further 16 frontier market country indexes.

The new indexes, which are designed to underlie financial instruments such as structured products and ETFs, will be available starting December 2, and include the MSCI Emerging Markets Islamic Investable Market and the Gulf Cooperation Council Countries Islamic Investable Market Indexes.