Thomson Reuters has launched 7,500 new sector-level equity indices covering a broad range of regions and sectors.

The series includes lines of emerging markets and Asia Pacific sector indices, Iberian- and North American Free Trade Agreement-sector indices, as well as indices covering sectors such as water, renewable energy and diversified media.

Overall, the new range covers 44 countries in 18 regions, and enables clients to monitor global markets, and benchmark specific countries, regions and sectors, the company said in a statement.

Each index is created using a proprietary liquidity filter that selects stocks based on price as opposed to volume. The indices only include stocks which investors can access, and thus track the performance of the investable universe, which is especially important in emerging markets, said Thomson Reuters.

The indices utilise the proprietary Thomson Reuters Business Classification (TRBC) system which provides globally consistent sector standards.