The ETF is named iShares FTSE/Xinhua A50 China Tracker (“A50 China Tracker” stock code: 2802) and will be traded on the Stock Exchange of Hong Kong (“SEHK”) on Thursday, 18 November 2004. Designed to track the FTSE/Xinhua China A50 Index, the A50 China Tracker holds the top 50 “A” shares that trade on the Shanghai and the Shenzhen stock exchanges in China.
Mark Makepeace, Chief Executive of FTSE Group and Chairman of FXI, said, ‘FTSE Xinhua indices have become firmly established as preferred benchmarks for China domestic market. BGI’s decision to use the A50 Index as the basis of this ETF is another important milestone as it offers all international investors an opportunity to invest in exciting “A” share market in Mainland China.”
"The launch of the A50 China Tracker is of great significance to both Chinese and international investment communities. This, for the first time, provides a path for China “A” share enterprises to attract foreign funds as well as a unique opportunity for international investors to invest in domestic stocks," said Fredy Bush, CEO of Xinhua Finance and Director of FXI.
Joseph Ho, Regional Director of BGI’s North Asia, said, “The A50 China Tracker is an innovative product that offers investors an easy and affordable way to gain exposure to the “A” share market which include many growing private Chinese enterprises.”
More information about the FTSE Xinhua A 50 Index, including constituents and performance information, is available from www.ftsexinhua.com.
