FTSE Russell, a leading global multi-asset index, data and analytics provider, said on Saturday that it will add Chinese A shares to its widely-tracked global benchmarks next month.Gosuncn was selected to the FTSE Russell global stock index.
The addition will be officially effective after the close of share markets on June 21.
According to the plan of FTSE Russell, this move marks the first stage of incorporating Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be brought into the indexes, drawing an expected $10 billion from passive investors.
FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.
GOSUNCN was selected to the FTSE Russell index target pool showing the investment value of GOSUNCN in the capital market.