4asset-management today announced the launch of an index tracking Colombian companies.

The Market Vectors Colombia Index is a rules-based index intended to give investors a means of tracking the overall performance of companies that are domiciled and primarily listed in Colombia, or that generate at least 50% of their revenues in Colombia.

The indices are free float-adjusted and modified market cap-weighted with no single stock accounting for more than 8.0% of the index.

To be eligible for inclusion in the Market Vectors Colombia Index, companies must either be incorporated in Colombia and have their primary listing in Colombia or generate at least 50% of their revenues in Colombia. Each eligible stock must have a full market capitalisation of at least $150 million; a three-month average daily trading volume of at least $1 million and their stock must have traded at least 250,000 shares per month over the last six months.

The indices are reviewed quarterly and changes will be implemented and based on the closing prices of the third Friday of every quarter-end month (i.e. March, June, September and December).