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FTSE Xinhua Index (FXI) today announce the results of its quarterly index review.
In the FTSE/Xinhua China A50 Index, Jiangxi Copper (A Share, 600362) will replace Hua Xia Bank (A Share, 600015). BYD (H Share, 1211) will replace BOC HK (2388) in the FTSE/Xinhua China 25 Index which is a result of change in the review universe following an update of the Red Chip shares definition. Both indices are widely followed, forming the basis of Exchange Traded Funds (ETFs), and derivative products on exchanges around the world.
The definition of Red Chips has been updated to reflect the view of investors which has evolved to include components such as assets and revenues derived from Mainland China in addition to ownership of Mainland Chinese entities.
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 16 October, 2009.
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. 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 USD 92 billion worldwide till the end of September 2009.
More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com
