S&P Jumps On The Asian Bandwagon
June 19th at 3:00pm by Tom Lydon
Asia has been one of the most popular areas for exchange traded fund (ETF) investors to gain some international exposure. So, why not provide indexes that focus on specific portions of the region?
Standard & Poor’s has launched the S&P Asia Thematic Index Series made up of three new investible indexes for Asian equity markets, based on special investment themes, reports ETF Express.
The Asia Thematic Index Series contains the largest and most liquid companies from China, Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan.
The new indexes are:
- S&P Asia Infrastructure Index
- S&P Asia Water Index
- S&P Asia Alternative Energy Index
The infrastructure index holds 30 stocks across three infrastructure clusters: energy, transportation and utilities. The water index has 30 stocks in two water-focused clusters: water utilities and infrastructure. The alternative energy index has 20 stocks involved in the production of energy from alternative sources.
