On May 15, Hang Seng Indexes Company announced the launch of three new indices: the Hang Seng China Enterprises Stock Connect Index, the Hang Seng Tech Stock Connect Index, and the Hang Seng Stock Connect Nonferrous Metals Industry Index.
The Hang Seng China Enterprises Stock Connect Index reflects the performance of the constituents of the Hang Seng China Enterprises Index that are tradable through the Stock Connect program. The index employs a sector-neutral strategy, aiming to align its sector distribution with that of the Hang Seng China Enterprises Index.
The Hang Seng Tech Stock Connect Index tracks the performance of the constituents of the Hang Seng Tech Index that are accessible via the Stock Connect scheme. It also utilizes a sector-neutral strategy, targeting a sector distribution identical to the Hang Seng Tech Index.
The Hang Seng Stock Connect Nonferrous Metals Industry Index measures the performance of Hong Kong-listed companies in the nonferrous metals industry chain that are tradable through Stock Connect. It covers firms involved in upstream mining activities as well as certain downstream application segments.
The new indices are calculated and disseminated in real-time every two seconds.
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