BIZCHINA / Center
CSI 300 Sector indices debut
(chinadaily.com.cn)
Updated: 2007-07-02 14:33
The China Securities Index Co Ltd (CSI Ltd) officially unveiled its CSI
300 Sector indices today. The indices are compiled according to
international investment criteria and will further improve the CSI 300
Index system, says the China Securities Journal.
The sector indices cover 10 industries. They are CSI 300 Energy index,
CSI 300 Materials index, CSI 300 Industrials index, CSI 300 Consumer
Discretionary index, CSI 300 Consumer Staples, CSI 300 Health Care index,
CSI 300 Financials index, CSI 300 Information Technology index, CSI 300
Telecommunication Services index and CSI 300 Utilities index.
Special coverage:
Markets Watch
Red Chips Return
Related readings:
New CSI subsidiary indexes will be launched
A plus H index to be launched soon Stock indices get new rules
The sector indices will follow the same standard as the CSI 300 Index in
terms of calculation and maintenance. Constituents of the sector indices
are also adjusted every six months to keep up with the pace of the CSI
300 index adjustment, according to an official with CSI Ltd.
The official said that the sector indices could provide investors with
better analyzing tools to measure the performance of different sectors
within the CSI 300 Index. The norm of its classification and calculation
is widely accepted in the international market, and will meet the needs
of both domestic and foreign investors. In addition, financial
derivatives like ETF funds and index futures could also be developed
based on indices in the future.
Launched in 2005, the CSI 300 Index has become one of the most
influential indices covering both Shanghai and Shenzhen markets. By the
end of June, there was 300 billion yuan worth of mutual funds with their
performances evaluated based on the CSI 300 Index. Fund management
companies like Dacheng and Penghua also developed investment products
worth billions of yuan, tracking the Index as their investment objective.
In addition, the CSI 300 Index also becomes noted in overseas capital
markets. CSI Ltd has authorized several foreign institutions to design
and sell products developed based on the index. Meanwhile, the first
overseas ETF fund tracking the CSI 300 Index will be listed on the Hong
Kong Securities Exchange in mid July.
(For more biz stories, please visit Industry Updates)
Learn Chinese, Chinesepod
No comments:
Post a Comment