FTSE Xinhua Index (FXI), the leading China index provider, today announced the launch of FTSE Xinhua 200 Sector Indices on A shares, which include 38 sectors classified according to the Industry Classification Benchmark (ICB). The new indices will be distributed from today with the base date at June 18, 2001.
The new indices have been designed to provide investors with a new benchmark tool for attribution analysis, and as a basis for index-linked investment products such as ETFs. Based upon the FTSE Xinhua 200 Index, the largest 200 A share companies listed on both Shanghai and Shenzhen markets by market capitalisation, the new indices are calculated in accordance with ICB, a globally recognised classification standard developed by FTSE Group and Dow Jones Indexes. The total net market cap is RMB 2,787,942 million as of April 30, 2007.
Commenting on the creation of the new index, Mr. Norman Yen, Managing Director of FTSE Xinhua Index said: “The launch of the FTSE Xinhua 200 sector indices will allow Chinese and QFII investors an additional way to track the performance of the China equity market. The introduction of these indices reflect not only the increasing demand from our clients for a way to track the growing Chinese industries, but also FXI’s continued commitment and leadership in responding to the changing market demand both internationally and domestically.”
The indices are reviewed quarterly in January, April, July and October and are calculated in Renminbi (CNY) and HKD for end of day index values. Total Return Indices are published at the end of each trading day.
For details of the constituent list, index value and the Ground Rules, please visit: www.ftsexinhua.com