Friday, 28 October 2016
Last updated 5 hours ago
Feb 24 2011 | 9:25am ET
Asia's biggest hedge fund and one of the world's most prominent index providers are joining forces to create a new index designed to give investors access to Chinese-listed stocks.
Value Partners and FTSE Group are to launch an index for China's A-Share market, one of the toughest to crack in the world. Chinese A-shares are denominated in yuan and available primarily to Chinese residents and a few qualified foreign institutional investors; the market for them is much larger.
The new index will pick stocks using Value Partners' namesake strategy. It is co-owned by Value Partners' wholly-owned Index Services subsidiary.