FTSE Group teams with Hua An

Global index provider FTSE Group has agreed to allow Hua An Asset Management to use the FTSE 100 as the index for an Exchange Traded Fund (ETF) on the Shanghai Stock Exchange.

The FTSE 100 is the leading blue chip index for the UK market representing approximately 85% of the UK market capitalization.

“We are delighted to be working with Hua An on their first ETF that enable investment into global markets. This is an exciting time in China as the infrastructure and regulatory framework develops to provide Chinese investors access to global markets. FTSE is pleased to be part of this process and, as a pioneer in the China market, looks forward to building on this success,” said FTSE’s chief executive Mark Makepeace.