Asset manager CSOP Asset Management has licensed index provider MSCI’s China and USA Internet Top 50 Equal Weighted Index for a new ETF, to be launched shortly.
"We chose MSCI as the index provider for this ETF as the new index delivers broad coverage of globally recognized Internet companies, which we believe play an important role on defining the future of the world economy," says Jack Wang, deputy chief marketing officer of CSOP Asset Management. "As a leading ETF provider we were also impressed with the high level of support from MSCI."
The custom Index tracks the 50 largest Internet software and retail forms listed on the US or Hong Kong exchanges, as calculated by MSCI.
"We are delighted that CSOP Asset Management chose MSCI for the creation of this innovative index," says Theodore Niggli, head of MSCI's index business in Asia Pacific. "This new index demonstrates MSCI's advanced index design and custom index calculation capabilities which can be used to serve ETF providers around the world."
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