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."
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