FTSE Includes China Shares in Transitional Emerging Indexes
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FTSE Group will include China’s stocks in two new emerging-market indexes, laying the groundwork to include the world’s best-performing equities in benchmarks tracked by international money managers.
The move is transitional before the London-based index provider ultimately adds mainland shares, according to a statement released at a briefing in Hong Kong. The initial weighting in the FTSE Emerging Markets China A Inclusion Indexes will be around 5 percent and increased to 32 percent over time, it said.