FTSE Xinhua Index (FXI) today announces the results of its quarterly index review. In the FTSE/Xinhua China A50 Index, which forms the basis of the world’s largest Chinese themed ETF, Huatai Securities (A Share, 601688) will replace Poly Real Estate Group (A Share, 600048).
Other changes were also approved for the FTSE Xinhua B 35, FTSE Xinhua 200, 400, Small Cap and Regional indices. Full details of the additions and deletions in the FTSE Xinhua Index Series can be found here. All the changes will take effect from Monday 19 July, 2010.
The FTSE Xinhua Index Series is reviewed quarterly in January, April, July and October by an independent index committee, comprising of local and international financial market experts in accordance with the index ground rules. The reviews ensure that the indices accurately reflect the markets they represent. This is essential as the indices are used to benchmark investment portfolios and as the basis of index-linked products.
The index series is widely regarded as the leading measure of the Chinese market by domestic and international investors. The FTSE/Xinhua China 25 and FTSE/Xinhua China A50 are used as the underlying indices for the largest Chinese themed ETFs globally with total assets at nearly USD 14 billion as at 1 July 2010.
More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com.