Market Capitalization of Regional Indexes Increases 30% With Annual Reconstitution of Russell Global Index
The market capitalization of the Russell Asia Small Cap Index increased from $10.5 trillion in July of 2010 to $13 trillion in July of 2011, up 26% for the year. The market capitalization of the Russell Emerging Asia Index increased from $6.1 trillion in July of 2010 to $8.3 trillion in July of 2011, up 36% for the year. The market capitalization of the Russell Greater China Index increased from $3.95 trillion in July of 2010 to $5.13 trillion in July of 2011, up 30% for the year.
“Our annual process to fully reconstitute the Russell Global Index and its regional components shows that the market capitalization for the region has increased significantly in the past year,” said Rolf Agather, managing director for index research and innovation for Russell Investments. “It's important for a global benchmark to capture and reflect the new reality for every market segment worldwide.”
The new membership lists for the Russell Global Index and the Greater China, Emerging Asia and Asia Small Cap components are available here: http://www.russell.com/Indexes/membership/default.asp.
The newly reconstituted Russell Greater China Index shows:
· China accounts for 578 of the securities in the index
· The weighting of stocks in the Russell Greater China Index shows China with 49.6%, Taiwan with 32.6% and Hong Kong with 17.9%
· In terms of sector weights, financial services ranks first with 30.8% and technology ranks second with 21.5%
· The largest five stocks in the index are China Construction Bank, Taiwan Semiconductor Manufacturing, China Mobile, Industrial & Commercial Bank of China, CNOOC, Baidu.com, Bank of China, PetroChina, HTC and HON HAI Precision Industry
The newly reconstituted Russell Emerging Asia Index shows:
· The weighting of stocks in the Russell Emerging Asia Index shows China with 30.8%, Korea with 22.3%, Taiwan with 20.2%, India with 13.1%, Malaysia with 5.3%, Indonesia with 4.1%, Thailand with 2.8% and the Philippines with 1.3%
· In terms of sector weights, financial services ranks first with 23.6% and technology ranks second with 20.2%
· The largest five stocks in the index are Samsung Electronics Co Ltd, China Construction Bank Corp H, Taiwan Semiconductor Manufacturing Co Lt, China Mobile Ltd and Industrial & Commercial Bank of China
The newly reconstituted Russell Asia Small Cap Index shows:
· The total number of securities in 2011 is 3,590, up from 3,762 in 2010
· The weighting of stocks in the Russell Asia Small Cap Index shows Japan with 38.2%, Taiwan with 16.8%, China with 12.3%, Korea with 8.5%, India with 6.7%, Malaysia with 4.2%, Singapore with 3.9%, Hong Kong with 3.3%, Indonesia with 2.4%, Thailand with 2.3% and the Philippines with 1.2%
· In terms of sector weights, financial services ranks first with 18.6% and producer durables ranks second with 17.16%
· The largest five stocks in the index are Suntec Real Estate Investment Trust, China Life Insurance Co Ltd/Taiwan, WPG Holdings Ltd, AirAsia BHD and Ebara Corp
This year‘s reconstitution also saw a significant rise in the number of China securities. This can be attributed to the reassignment of over 100 securities from Hong Kong to China, as a result of the additional methodology incorporated by Russell in the review process. In addition to researching a company’s revenue and government holdings, the process now takes into account a list of Red chip companies provided by the Hong Kong Stock Exchange. The list helps to identify China-based companies listed on the Hong Kong Stock Exchange, whose business is tied to, or controlled by, the state of mainland China.
Russell‘s index reconstitution process is followed closely by many investors because $3.9 trillion in assets are benchmarked against them, and they account for an industry-leading 63.3% of institutional benchmarked products. Membership in Russell’s equity indexes -- widely used as benchmarks for both passive and active investment strategies -- is determined by objective rules. Accurate benchmarks are an integral part of Russell's ongoing process to monitor more than 8,000 investment manager products worldwide for its $161 billion investment management business.
Website: http://www.russell.com
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This news is a press release provided by Russell Investments. Korea Newswire follows these editorial guidelines.
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2012년 12월 18일 13:14
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2012년 12월 18일 13:13