Stoxx has expanded the Stoxx Global Index family with the launch of more than 1,200 supersector, size, regional and total market indices covering global equity markets.
The Stoxx China A-shares Total Market, Stoxx China B-shares Total Market, Stoxx China H-shares Total Market and Stoxx China Red Chips Total Market indices were launched yesterday.
“The expansion of the Stoxx Global Index family by over 1,200 indices marks another significant step for Stoxx as we are growing our global presence,” says Hartmut Graf (pictured), chief executive officer, Stoxx. “Asia is one of the key regions on which Stoxx is currently focussing. With the launch of the Stoxx China Total Market Indices for different share classes, we offer international as well as domestic Chinese market participants a first set of transparent and rules-based indices to participate from the performance of the world’s second largest economy.”
The Stoxx Global Index family consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia, and Pacific, and sub-regions Latin America and BRIC (Brazil, Russia, India and China), as well as global markets. All broad regional indices, as well as a number of country indices, can also be broken down into a comprehensive set of supersector indices that follow the Industry Classification Benchmark (ICB). Furthermore, a large number of regional indices that exclude certain supersectors, regions or countries is available.
The Stoxx China Total Market Index covers approximately 95 per cent of the free float market capitalisation of the investable stock universe of B-shares and H-shares, as well as Red Chips. The index is a combination of the total market indices for these single stock classes.
The Stoxx China A-shares Total Market Index covers approximately 95 per cent of the free float market capitalization of the investable stock universe of Chinese A-shares, which are traded in domestic currency at the Shanghai and Shenzhen Stock Exchanges and are reserved for domestic enterprises and individuals, as well as qualified foreign institutional investors (QFIIs).
All indices are weighted by float-adjusted market capitalization and are available in price, net and gross return version in euro and US. dolla. All Canada indices are also available in Canadian dollar, and the Stoxx China A-shares Total Market Index is also available in RMB.