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S&P Dow Jones launches S&P Access China A Dividend Opportunities index
By Tali Rackner
Norfolk, Va., May 4 – S&P Dow Jones Indices announced the launch of its S&P Access China A Dividend Opportunities index, which tracks the performance of high yielding common stocks traded on the Shanghai Stock Exchange that are available to foreign investors through the Shanghai-Hong Kong Stock Connect program, according to a press release.
This is the second index – the S&P Access China A index launched in February – and the first strategy index that S&P Dow Jones has launched tailored to the Stock Connect concept.
The index is comprised of 75 investible stocks with the highest dividend yields from the S&P Access China A index. It is part of the established S&P Dividend Opportunities series, which benchmarks the performance of global high yielding common stocks that meet preset diversification, stability and tradability requirements, the release said.
“Since its inception, the Stock Connect program has offered greater accessibility and flexibility to international investors looking to invest in the world’s second largest economy as well as to Chinese investors reaching beyond their home market,” associate director of strategy indexes Tianyin Cheng said in the release.
“As investors increasingly look for more sophisticated approaches to access China’s financial market, we are excited to unveil the S&P Access China A Dividend Opportunities index, which informs investors seeking high dividend yields and supports easy access to China’s onshore equity market.”
New York-based S&P Dow Jones Indices is a part of McGraw Hill Financial and provides index-based concepts, data and research.
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