- Customised FTSE index for Vanguard HK debut
- Global relationship extends to Hong Kong
FTSE Group (“FTSE”) has been selected by Vanguard, one of the top three US asset management firms, as the index benchmark provider for its first Hong Kong domiciled ETF, which listed on Hong Kong Exchanges and Clearing Limited (“HKEx”) on 15 May. The ETF is based on an index which FTSE has customised for Vanguard - FTSE Asia Pacific ex Japan, Australia and New Zealand Net Total Return Index.
FTSE continues to build on its position as a leading global benchmark provider through index innovations and by customizing indices to meet the specific needs of investors and offering them increased investment opportunities.
Jessie Pak, Managing Director, FTSE Asia said, “FTSE’s hallmark index methodologies and commitment to developing long-term relationships with clients are making us the natural choice for ETF issuers globally. We are delighted to build on our global relationship with Vanguard as a partner in their expanding business in Asia.”
“FTSE indexes are well constructed, offer comprehensive coverage of their respective markets, and meet Vanguard’s best practice standards for market benchmarks,” Vanguard Asia Regional Managing Director Shelly Painter said.
The FTSE Asia Pacific ex Japan, Australia and New Zealand Net Index is based on the FTSE All-World Index. It adopts FTSE’s award winning methodology for free float adjustment and liquidity screening, and is managed in accordance with a clear and transparent set of index rules. The index, calculated in Hong Kong Dollars (HKD), is made up of large and mid cap stocks from China (H Shares, B Shares, P Chips and Red Chips), Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan and Thailand.
