FTSE Xinhua Index (FXI) today announce the results of its quarterly index review.
In the FTSE/Xinhua China A50 Index, China Merchants Securities (A Share, 600999) and Metallurgical Corp of China (A Share, 601618) will replace Wuhan Iron and Steel (Group) (A Share, 600005) and China Oilfield Services (A Share, 601808). There is no change to the FTSE/Xinhua China 25 Index. Both indices are widely followed, forming the basis of Exchange Traded Funds (ETFs), and derivative products on exchanges around the world.
Several changes were approved to FTSE Xinhua B 35 index, FTSE Xinhua 200, 400 and Small Cap Index. Full details of all inclusions and deletions for the FTSE Xinhua Index Series can be obtained here . The changes will be effective after the close of trading on Friday 15 January, 2010.
The FTSE Xinhua Index Series is reviewed quarterly in January, April, July and October by an independent index committee, comprising a group of local and international financial market experts in accordance with the index ground rules. The reviews ensure that the indices accurately reflect the markets they represent. This is essential when the indices are used to benchmark investment portfolios and are used as the basis of index-linked products. The index series is widely regarded as the leading measure of the China market by domestic and international investors with total assets tracking and benchmarking against the index series was exceeding USD95 billion worldwide till the end of 2009.
More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com
