More NewsDow Jones Indexes Launches Islamic Market Index for Hong Kong Listed Chinese Stocks

Dow Jones Indexes Launches Islamic Market Index for Hong Kong Listed Chinese Stocks

Dow Jones Indexes has launched the Islamic Market (DJIM) China Offshore Hong Kong Index. This represents the performance of companies that have been screened for compliance with Islamic principles and whose primary operations are in mainland China but trade on the Hong Kong stock exchange. Stocks included in the index are H-Shares and Red Chips. The index is designed to serve as underlying for investment products such as mutual funds, exchange-traded funds (ETFs) and other investable products. The DJIM China Offshore Hong Kong Index is weighted by free-float market capitalisation and component weights are capped at 10%. As of 30 April 2008, the index consists of 40 components, of which the top five components by free float-adjusted market capitalisation are China Mobile, China Unicom, CITIC Pacific, CNOOC and PetroChina. At the same time, the index had gained 152.9% from its base date, 31 December 2005 in a backtest. It is calculated in both US dollar and Hong Kong dollar versions and is reviewed quarterly in March, June, September and December.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha