Index compiler MSCI has adopted the acronym for the Association of Southeast Asian Nations (ASEAN) across its regional indices.
The ASEAN name, which was coined in 1967, will appear in what were known as the MSCI South East Asia indices. These cover equities in markets such as Singapore, Indonesia, Malaysia, the Philippines and Thailand.
Alvin Lee, ASEAN country head for MSCI's Asia Pacific region, said the name change, "recognises the significance of ASEAN as an investment bloc and an engine of global economic growth".
In addition to rebranding 234 standard indices, MSCI has added three new indices. These are the MSCI ASEAN index, covering all market categories in the bloc, the MSCI EM ASEAN index, which covers only those member countries that are emerging markets, and the MSCI EFM ASEAN index, which includes Vietnam, a frontier market, as well as the emerging-market member countries.
In addition to the countries mentioned, the ASEAN bloc includes Brunei, Cambodia, Laos and Myanmar.
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