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The (SSE) and China Securities Index Co., Ltd. have recently announced that the SSE Large-Cap Equal Weight Index (SSE Large-Cap EWI) and the CSI Leading Technology Index (CSI Leading Technology) will be officially launched on the first trading day of January 2011.
The SSE Large-Cap EWI is an innovative index derived from calculating the constituents of the SSE 50 Index by the equal weight method. The equal weight weighting is simple and ensures a more balanced weight distribution of individual stocks and industries compared with the market capitalization weighting. According to the statistics, the accumulative earning rate of the SSE Large-Cap EWI is 129.44% from December 31, 2003 to the present.
Adopting the equal weight method, the CSI Leading Technology, consisting of 200 hi-tech companies with moderate scale and high liquidity on the SSE and the Shenzhen Stock Exchange, aims to comprehensively reflect the overall performance of a bulk of technological leaders on the two markets. According to the statistics, the accumulative earning rate of the CSI Leading Technology is 459.96% from December 31, 2003 to the present.
It is said that some fund companies are developing the ETF or index fund products with the SSE Large-Cap EWI and the CSI Leading Technology as the underlying indices.
