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Hang Seng Indexes announces launch of Hong Kong Reit benchmark

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Hang Seng Indexes has announced the launch of the Hang Seng Reit Index, which aims to provide a benchmark to track the performance of real estate investment trusts listed in Hong Kong.
Hang Seng Indexes has announced the launch of the Hang Seng Reit Index, which aims to provide a benchmark to track the performance of real estate investment trusts listed in Hong Kong.

Currently, there are seven such Reits with the first one listed in November 2005, all of which are included in the index. It has free float-adjusted market capitalisation weighted methodology with a 15 per cent cap on each constituent weighting.

The constituents of the Hang Seng Reit Index will be reviewed semi-annually. The index will be compiled and disseminated in real time with a 15-second interval.

‘Keeping pace with the local Reit market development, the Reit Index complements the current Hang Seng family of indexes,’ says Vincent Kwan, director and general manager of Hang Seng Indexes. It also provides a basis for funds or derivatives to gain exposure in this asset class.’

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