The index fintech has expanded into emerging markets with a sector-balanced South African equity index designed to reduce concentration risk and power a new ETF.
US index provider MerQube has launched the MerQube South Africa Top 30 Index (MQZA30P), which will serve as the underlying benchmark for the Oribi South Africa Top 30 Index Prescient ETF. The South Africa's flagship indices have long been dominated by a handful of companies creating concentration risk for investors - Zack Bezuidenhoudt Developed in partnership with Oribi Capital Partners and Prescient Management Company, the index seeks to address the concentration risk that characterises tr