Thursday April 22 2021
News Source: Global Exchanges
Focus: Derivative Market Segment
On 22nd April 2021, Singapore Exchange (SGX) and CNBC jointly unveiled the iEdge-CNBC China Growth Economy Index, the first in a series of co-branded indices capturing key investment themes in a post-COVID world.
The iEdge-CNBC China Growth Economy Index tracks the performance of 50 China-domiciled companies that are driving developments in new segments – such as Technology, Business Services, Consumer Services, Healthcare, Telecommunications and Consumer Cyclicals – and fostering the transition of the Chinese economy towards consumption-driven growth.
The launch of the index comes on the back of sharp growth in indexing in the past decade, driven by the rise of exchange-traded funds and use of data and analytics by investors. This is coupled with investor interest in new investment themes shaped by the ongoing pandemic, which has accelerated structural changes that could influence the economy and markets in the coming years.
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