S&P launches Asia Property 40 Index
Standard & Poor’s on Monday launched the S&P Asia Property 40 Index, which will provide liquid exposure to leading publicly-listed companies in the Asian property and real estate markets.
S&P Asia Property 40 Index comprises of 40 leading listed Asian property companies that meet size, liquidity and local listing requirements, with no single market having more than 15 stocks in the index or representing more than 40 per cent of the index. It will be used by banks and asset management companies to create retail investment products.
The index is aimed at providing investors with diversified; invest able exposure to the Asian property market. The index is a subset of the S&P/Citigroup Global Property Index, which is comprised of more than 400 stocks from the S&P/Citigroup Broad Market Index.
The top 10 index companies by market capitalization are: Mitsubishi Estate, Swire Pacific, Sun Hung Kai Properties, Mitsui Fudosan, Cheung Kong (Holdings), CapitaLand, Country Garden Holdings, Sumitomo Realty & Development, Guangzhou R&F Properties, Hang Lung Properties.
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