In a statement issued yesterday, FTSE Group said its products – FTSE China 25 Index and FTSE China A50 Index – were the driving factors behind it reaching $21.8 billion assets under management.
“These two benchmarks make up a majority of the overall $21.8 billion, with products such as the CSOP FTSE China A-50 ETF and the iShares FTSE A50 China Index ETF having recently exceeded $5 billion and $8 billion AUM respectively,” the statement said.
“Currently, more than half of all non-China domiciled global ETF assets are invested in China-linked FTSE benchmarks.”
FTSE Group chief executive Mark Makepeace said Chinese equities represent an increasingly important part of the global equity investment landscape.
“As China’s markets continue to become more accessible for foreign investors, we will aim to provide further transparent and flexible benchmarks,” said Mr Makepeace.
FTSE Group also said in the statement its recent initiatives, including the launch of the FTSE Global R/QFII Index series, will provide market participants with the ability to include China A-shares in global indices at a time of their choosing.
“China A-shares are not currently included in FTSE’s standard global benchmarks,” the statement said.
“The region has been on FTSE’s watch list since 2005 and FTSE’s Country Classification Committee has been able to monitor the gradual and positive market developments with respect to a number of key areas of FTSE’s Quality of Markets Matrix,” it said.
