Attacq hits milestone following FTSE indices inclusion

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Attacq limited CEO, Morne Wilken says the FTSE indices will enhance the company's recognition and attractiveness in international financial markets and locally. Attacq limited CEO, Morne Wilken says the FTSE indices will enhance the company's recognition and attractiveness in international financial markets and locally.

Attacq Limited said on Monday that it had been included as a component in the FTSE Global Equity Index Series (GEIS) as of Monday, 22 September 2014.

FTSE’s GEIS Middle East and Africa September 2014 Semi-Annual Review confirmed Attacq has been included as a medium-cap in the series, and is being included in the FTSE All-World Index and the FTSE AllCap (LMS) Index.

Attacq focuses on sustainable capital appreciation through the development and ownership of a balanced portfolio of properties with contractual income streams. Attacq has gross assets valued at more than R18.4 billion and presently has a market capitalisation of R14.7bn.

Morné Wilken, CEO of Attacq, comments: “We welcome Attacq’s inclusion in the FTSE indices. It will enhance our recognition and attractiveness in international financial markets and locally.”

The FTSE All-World Index has around 2,965 constituent counters of which less than 1% are from South Africa. It is a market-capitalisation weighted index representing the performance of the large- and mid-cap stocks from the FTSE Global Equity Index Series and covers 90% to 95% of the investable market capitalisation. The index covers developed and emerging markets and is suitable as the basis for investment products such as funds, derivatives and exchange-traded funds.

The FTSE Global All Cap Index is a market-capitalisation weighted index representing the performance of the large-, mid- and small-cap stocks globally. The index aggregate of around 7,400 stocks cover developed and emerging markets and is suitable as the basis for investment products, similar to those for the FTSE All-World Index.

READ MORE ON:

Listed Property / REITs  |  Morne Wilken  |  Attacq Limited  |  FTSE Global Equity Index Series (GEIS)

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