ChinaAMC Adopts FTSE Xinhua High Yield 150 Index For High Yield Fund

FTSE Xinhua Index (FXI), the leading China index provider, and China Asset Management Co., Ltd (ChinaAMC), one of China’s largest asset management companies, have recently signed a licensing agreement that enables ChinaAMC to launch the first high yield fund, a new-kind of investment vehicle, in China.

The fund, benchmarked against the FTSE Xinhua High Yield 150 Index, is an open-ended fund available for subscription between May 9 to June 10. The FTSE Xinhua High Yield 150 Index is an end-of-day benchmark index comprising the top 150 China A-share companies in the FTSE Xinhua 600 Index with the highest yield, selected on the consistency of dividend payments over the past three years, subject to a liquidity screen. The index out-performed the FTSE Xinhua 600 Index and general A-share market over the past three years.

The FTSE Xinhua High Yield 150 Index was launched on 15 April, 2005, and will be reviewed annually in January. For further information, please visit www.ftsexinhua.com