Jakarta – S&P Dow Jones Indices (S&P DJI) and the Indonesia Stock Exchange (IDX) have launched three new co-branded equity indices—S&P/IDX Indonesia ESG Tilted Index, S&P/IDX Indonesia Shariah High Dividend Index, and S&P/IDX Indonesia Dividend Opportunities Index—marking S&P DJI’s first-ever collaboration with IDX.
S&P Dow Jones Indices said in a statement on Monday, November 3, the partnership aims to strengthen Indonesia’s capital market ecosystem by providing investors with transparent, rules-based benchmarks that reflect sustainability, Shariah compliance, and dividend performance. The initiative also allows for offshore licensing, enabling global investors to access IDX-linked products such as ETFs and mutual funds.
Robert Ross, Chief Commercial Officer at S&P DJI, said the collaboration combines “S&P DJI’s world-class indexing capabilities with IDX’s deep local knowledge” to empower investors in Indonesia’s fast-growing capital markets.
IDX President Director Iman Rachman added that the partnership “reflects our commitment to innovation, sustainability, and global connectivity.”
“This partnership also marks an important step to increase IDX indices in global competitiveness and opens new commercial opportunities,” he said.
The ESG Tilted Index tracks companies with higher S&P Global ESG Scores; the Shariah High Dividend Index includes 30 compliant high-yield stocks; and the Dividend Opportunities Index measures 30 large- and mid-cap high-dividend stocks with sustainable payout ratios.
An official launch ceremony was held at IDX’s Main Hall in Jakarta on Monday. (nsh)
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