“Today we are very pleased to announce our partnership with FXI in creating China’s first core-satellite fund,” said Zu Yi, General Manager of China Nature. “Thanks to FXI’s depth of Chinese market knowledge and internationally-recognized methodology, we can now offer investors the world over this sophisticated approach to driving optimal market returns.”
“FTSE Group, which established the joint venture FTSE Xinhua Index with Xinhua Finance in 2001, is well known for providing innovative indices for the global stock markets and has recently been presented with “Best Index Provider 2005” award, by Structured Products, a global monthly magazine dedicated to the wholesale market for derivative based products. Sticking to FTSE’s innovation and Xinhua Finance’s strong local knowledge, FTSE Xinhua Index is committed to provide the world with the most reliable and sophisticated investment tools for China,” said Zhu Shan, Managing Director of FTSE Xinhua Index.
Zhu Shan continued:“This new offering from China Nature is further evidence that we are well-positioned to accommodate the most specific investor needs and provide the international community with more data and transparency on this rapidly growing market than anyone else.”
The FTSE Xinhua 200 Index covers a wide range of 24 sectors, the largest being transportation and steel and others with more than 15 constituents each. The top 5 companies included, by market capitalization, are China Petroleum & Chemical (A), Baoshan Iron & Steel Co., China Merchants Bank (A), China Yangtze Power (A), and China United Telecommunications (A).
The FTSE Xinhua 200 Index was launched on June 18, 2001, and is quarterly reviewed in January, April, July and October each year. For details, please go to www.ftsexinhua.com