Stoxx Limited is expanding its Stoxx Global Index family with the launch of more than 1,200 supersector, size, regional and total market indices covering global equity markets including 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.
"Asia is one of the key regions on which Stoxx is currently focusing," said Hartmut Graf (pictured), CEO of Stoxx Limited. "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 in 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 Americas, Europe and Asia-Pacific regions as well as the sub-regions of Latin America, the BRIC (Brazil, Russia, India and China) countries, and 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).
The Stoxx China Total Market Index covers approximately 95% 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% of the free float market capitalisation 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 capitalisation and are available in price, net and gross return version in euros and US dollars. All Canada indices are also available in Canadian dollars and the Stoxx China A-shares Total Market Index is also available in renminbi.