S&P Dow Jones Indices launches indices on Chinese equity market
S&P Dow Jones Indices has announced the launch of the S&P Total China BMI Indices, an extension to the S&P Global BMI family.
The five indices are designed to allow global investors to analyse the Chinese equity market in a robust and efficient manner by including both A-shares and off-shore listings in one set of indices, S&P Dow Jones Indices said.
The indices launched include:
• S&P China A BMI: A broad market index representing large-, mid-, and small-cap China A-shares
• S&P China A+B BMI: A broad market index representing large-, mid-, and small-cap China A- and B-shares
• S&P Total China BMI: Combining the S&P China A BMI and S&P China BMI (an index covering all Chinese equities accessible to foreign investors, except the A-shares), this index represents the entire investable universe of Chinese companies, including A-, B- and H-shares, Red Chips and P Chips, as well as Chinese securities listed in the U.S., Singapore and other global exchange venues
• S&P Total China BMI + Hong Kong BMI: Representing the entire investable universe of Chinese and Hong Kong-based companies by combining the S&P Total China BMI and S&P Hong Kong BMI
• S&P Total Greater China BMI: Representing the full universe of stocks from the Greater China region by combining the S&P Total China BMI, S&P Hong Kong BMI and S&P Taiwan BMI
“As China further opens its stock market to foreign investment, A-shares are garnering increased attention from global investors looking to diversify their portfolios,” says Michael Orzano, Associate Director of Global Equity Indices at S&P Dow Jones Indices. “This trend is making Chinese equity benchmarks that include both domestic and off-shore listings more relevant to investors around the world.”
The S&P Global BMI is the only global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series includes approximately 10,000 stocks from 26 developed and 20 emerging markets.
The new additions of the S&P Total China BMI Indices underline S&P Dow Jones Indices’ commitment to Greater China and to facilitate global investors’ access to equity market intelligence in the region, the firm also said.