Global index provider FTSE has teamed up with HSI International, the sponsor of the Hang Seng Index, to provide a new suite of regional stock indices aimed at derivatives traders and retail fund managers.
The FTSEHang Seng Asiatop Index will include the region ex-Japan's top-30 capitalized companies to capture 60% of the universe's market cap, with each stock capped at 25% of the portfolio, says Graham Colbourne, chairman of FTSE Asia Pacific. One notable difference in Asiatop is that it includes HSBC, which is not in MSCI's Hong Kong Index although it is in MSCI's Hong Kong Index.
But that decision reflects the goal of the vendors to establish...
