FTSE Russell launches China A-H 50 Index
Global index provider, FTSE Russell, will launch a new index representing the 50 largest companies listed of the Chinese and Hong Kong stock exchanges.
The FTSE China A-H 50 Index has been licenced by Deutsche Bank for exchange traded funds (ETFs) listed on the London Stock Exchange and the Deutsche Borse AG.
FTSE Russell chief executive, Mark Makepeace, said the index will consist of China A Shares and Hong Kong H Shares, and that for companies listed on both exchanges, the lower price will be selected for inclusion.
"FTSE Russell has [a] long track record of working in China, and is the most active benchmark provider supporting international investment in the region," he said.
"As the Chinese domestic market opens, we continue to develop products that provide investors with a variety of tools to capture different aspects of the market.
"The FTSE China A-H 50 Index reflects our desire to create new index solutions for the region, as we look to support the diverse range of investment needs."
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
