CICC CSI Select 100 ETF Lists on the SEHK Today
China International Capital Corporation Hong Kong Asset Management Limited, a wholly-owned subsidiary of China International Capital Corporation Limited (CICC), announced the launch of CICC CSI Select 100 ETF.
The ETF tracks CSI CICC Select 100 Index which consists of 100 Shanghai and Shenzhen listed stocks of industry front-runners that have solid competitive advantages and can benefit from China's ongoing economic transformation. The Index is developed by the award-winning CICC Research Division who has comprehensive coverage and in-depth local knowledge of China market. The Index is a free float market capitalisation weighted index designed to select top 100 A-shares companies which have high and stable return on equity, high dividend yields and high earnings growth rates using multi-factor smart beta methodology amongst a stock pool which is comprised of the A-Shares. This strategy has been consistently outperforming some mainstream total return indices.