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China Securities Index Co., Ltd. (CSI) has recently announced that it will officially launch the CSI Fund Index Series on February 4, 2008. The series include four indices, including the CSI Open-end Fund Index and three sector indices, namely, the CSI Stock Fund Index, the CSI Hybrid Fund Index and the CSI Bond Fund Index. The base day of the indices is December 31, 2002, with the base point of 1,000. Reflecting the overall performance of China's open-end fund market, the CSI Fund Index Series will provide investors with more analysis tools and performance appraisal benchmark.
According to the published construction scheme, one of the four indices, i.e., the CSI Open-end Fund Index, is a composite index. Its constituents are composed of all the open-end funds on the current market (excluding currency funds and principal guaranteed funds). The other three, namely, the CSI Stock Fund Index, the CSI Hybrid Fund Index and the CSI Bond Fund Index, are sector indices. Their constituents are composed of stock funds, hybrid funds and bond funds, respectively, in the constituents of the CSI Open-end Fund Index.
The CSI Fund Index Series adopt simple weighted average method for calculation and take measures of temporary and periodical adjustment concerning significant events. For details of the index compilation method, please refer to relevant announcements.
By January 30, 2008, the CSI Open-end Fund Index, with 265 constituents, closed at 4,557.03 points, up 355.70% from the base day. The CSI Stock Fund Index, the CSI Hybrid Fund Index and the CSI Bond Fund Index, with 140, 92 and 33 constituents, respectively, closed at 5,583.55, 4,968.33 and 1,534.27, up 458.36%, 396.83% and 53.43% from the base day, respectively.
Investors can access the above data on the CSI's website (www.csindex.com.cn), the CSI Index Data Service Platform and domestic and overseas data service providers.
