- Fund managed by CR Yuanta
- Reinforces FTSE’s leading position in China-focused benchmarks
FTSE Group (“FTSE”), the global index provider, announced today that the FTSE China A50 Index has been selected by CR Yuanta Fund Management (“CR Yuanta”) as the benchmark for the first China onshore public index fund.
The new onshore fund will provide institutional investors with a tool to invest in the largest 50 'A' Share companies listed on the Shanghai and Shenzhen stock exchanges. With a strong track record of developing China-focused benchmarks, FTSE is seen as the leading international index provider in the region, offering a range of products for global and domestic participants. In July 2014, ETF assets under management (AUM) tracking FTSE China indices reached over $20 billion for the first time.
Ms Jessie Pak, Managing Director, Asia, FTSE Group commented: “We are delighted to be working with CR Yuanta to support the development of a pioneering fund that furthers the growth of investment opportunities in China’s onshore market. The FTSE China A50 Index serves as an essential benchmarking tool for those investing in one of the world’s fastest-growing economies, and we continue to work with our market participants to support ever-increasing demand for access to China’s markets.
The FTSE China A50 Index represents the 50 largest A-shares companies by market capitalisation, and is a tool used by both domestic and international investors in a range of QFII investment portfolios. The China Index Series is based on FTSE’s transparent methodology, which includes free float adjustment and liquidity screens and is managed in accordance with a clear and transparent set of index rules. More information on FTSE China indices could be found on: http://www.ftse.com/products/indices/china