The Asia Pacific IPO market is driving the global IPO market accounting for 69% of global IPO issuance in 2010. This presents an opportunity to investors who wish to seek early returns of the Asian IPO market….
Because IPOs can wait longer for inclusion into most major benchmarks their early returns are subsequently missed. FTSE and global IPO expert Renaissance Capital have designed an easily replicable set of indices to give investors unparalleled exposure to investable Asia Pacific ex Japan IPOs before they become seasoned equities.
The index series includes a benchmark and a tradable index to track the performance of the Asia Pacific ex Japan IPO markets and are suitable for performance measurement or as the basis of ETFs, funds and other index-linked products.
FTSE Renaissance Asia Pacific ex Japan IPO Index – A benchmark index that comprises the eligible IPO stocks in the Asia Pacific ex Japan region, capturing companies that list with an investable market capitalisation of USD 100 million or greater. The index is free float adjusted to reflect the true investability of qualified IPOs which are added after their first day of trading and removed once they become seasoned equities. This benchmark also breaks down into country level indices for each eligible market.
FTSE Renaissance Hong Kong/China Top IPO Index – A tradable index that comprises the largest Hong Kong listed companies including Chinese Red Chips and H Shares selected from the FTSE Renaissance Asia Pacific ex Japan IPO Index, offering a new way to access the Hong Kong China growth and performance story. IPOs are added after the fifth day of trading to allow users of the index to develop their trading strategy when replicating the index.
Source: ETFWorld – FTSE
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