China Index Fund Adopts FTSE/Xinhua As New Benchmark

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Friday, August 10, 2001, updated at 18:57(GMT+8)

Business

China Index Fund Adopts FTSE/Xinhua As New Benchmark

The London-based China Index Fund Limited will adopt the FTSE/Xinhua China B All-Share Index as a new benchmark index on September 7, 2001, according to FTSE/ Xinhua Index Limited Friday.

The directors of the China Index Fund believed that FTSE/Xinhua is expected to be the dominant index provider for Chinese indices in the future, and that the FTSE/Xinhua China B All-Share Index is a well constructed index suitable as the fund's benchmark given the fund's investment objectives.

FTSE/Xinhua China B All-Share Index was launched on July 26, 2001 as a benchmark tracking performances of 107 B shares listed in Shanghai and Shenzhen.



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	The London-based China Index Fund Limited will adopt the FTSE/Xinhua China B All-Share Index as a new benchmark index on September 7, 2001, according to FTSE/ Xinhua Index Limited Friday.




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