Standard & Poor’s (S & P) launched a new special index designed to follow the development of emerging markets’ companies, including Bulgarian ones, Thomson Financial news service said on October 22, as quoted by Bulgarian-language Dnevnik daily. The indicator, called S & P Select Frontier Index, will help establish index-linked products such as exchange-traded funds or mutual funds. It comprises the 30 biggest and most liquid stocks from countries such as Bulgaria, Cambodia, Jordan, Pakistan, United Arab Emirates and Vietnam.

The largest share of the index at the beginning was given to businesses from Pakistan (28.97 per cent), followed by the UAE and Panama. Bulgaria had only one company forming the index, giving a 1.05 per cent share of its value, Dnevnik said. The company was not named.