“The new index and its immediate acceptance by the insurance market leader is a milestone for FXI and further evidence that FXI has established itself as the preferred China index provider,” said Fredy Bush, Co-Chairman of FTSE Xinhua Index and Xinhua Finance CEO, “and we will continue to be innovative and provide maximum customization by leveraging Xinhua Finance and FTSE’s expertise.”
The joint venture company, FTSE Xinhua Index, set up in 2001 by FTSE Group and Xinhua Finance. FXI has established itself as the preferred index provider for domestic and international investors, including institutions in the Qualified Foreign Institutional Investors (QFII) programme. FXI’s product range covers the entire Chinese investable universe and its indices have been adopted as the basis of index-linked products worldwide, including Exchange Traded Funds listed on the New York, London, and Hong Kong Stock Exchanges, as well as a range of products from domestic fund managers such as ABN AMRO Xiang Cai, Boshi and China AMC.
Mark Makepeace, Chief Executive, FTSE Group and Chairman of FTSE Xinhua Index, said, “FXI offers a combination of FTSE’s international indexing expertise with Xinhua’s unrivalled market knowledge and makes our indexes the first choice for investors with an interest in China’s exciting markets.”
More information about FTSE Xinhua Insurance Investment Index is available at www.ftse.com/fxi/insurance.
