SSE, China Securities Index Co, to issue series of FX hedged index on Nov 3
BEIJING, Oct. 10 (Xinhua) – Shanghai Stock Exchange (SSE) and China Securities Index (CSI) Corp recently announced that they will officially release a series of foreign exchange hedged indexes, including SSE 50 USD Hedged Index, SSE 180 USD Hedged Index, SSE 380 USD Hedged Index, CSI 300 USD Hedged Index, CSI 500 USD Hedged Index, and CSI 1000 USD Hedged Index, on November 3.
By the end of the first half of 2014, a total of 38 ETF overseas were tracking the SSE and CSI A-share indexes with their net worth scale totaling 32.7 billion yuan. With the upcoming launch of the stock trading link between the Chinese mainland and Hong Kong, overseas investors have shown growing enthusiasm for participation in the A-share market.
Meanwhile, in the onshore market, fluctuation range of yuan against dollar has widened to 2 percent from 1 percent since the start of this year, which has brought about challenges for overseas investors to invest in the A-share market. The compilation of these FX hedged indexes can not only enrich the SSE and CSI index system, but also offer new targets for indexing investment, according to the SSE and CSI Corp. (Edited by Hu Pingchao, firstname.lastname@example.org)