ISE ChIndia Index

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Options on the International Securities Exchange's cash-settled proprietary ISE ChIndia Index (ICK) acts as a benchmark for investors wanting exposure to stocks domiciled in the two most populous countries in the world -- China and India. Rapid economic development places them among the fastest-growing emerging markets. Energy consumption in both countries is expected to keep pace with that development, making China and India stronger competitors for oil, gas and other resources. Options on this index will be announced at a later date. In addition, in February 2007, ISE announced that it had entered into an agreement with First Trust Advisors L.P., an investment management firm, to create and list exchange-traded funds (ETFs) on the ISE ChIndia Index

The Index, which contains 50 different stocks[1], uses a modified market capitalization-weighted methodology to create a more uniform weight distribution. This prevents a few large component stocks from dominating the index but still promotes portfolio diversification by retaining the economic attributes of capitalization ranking. Semi-annual reviews and rebalancing events are used to “re-set” the weighting of each component such that each component has a proportionate influence on the index performance.

The index is calculated and maintained by Standard & Poor’s based on a methodology developed by the ISE in consultation with Standard & Poor’s.

As of Nov. 1, 2007, there are 31 ISE index options listed.


Components/Symbols of ISE ChIndia Index

ACH UN Aluminum Corporation of China Limited
AOB UN American Oriental Bioengineering Inc
BIDU UQ BAIDU.COM (ADR)
CEO UN CNOOC Limited (ADR)
CHA UN China Telecom Corporation Limited
CHINA CDC CORP-CL A
CHL UN China Mobile (HK) (ADR)
CHU UN China Unicom Limited (ADR)
CMED UQ China Medical Tech-SPON (ADR)
CN UN China Netcom
COGO Comtech Group Inc COM NEW
CTRP UQ CTRIP.COM International (ADR)
EDU New Oriental Education (ADR)
FMCN UQ Focus Media Holding (ADR)
GSH UN Guangshen Railway-SPONS (ADR)
HDB UN HDFC Bank Ltd.
HMIN Home Inns & Hotels Manag (ADR)
HNP UN Huaneng Power International Inc.
HTX UN Hutchison Telecom
IBN UN ICICI Bank Limited
INFY UQ Infosys Technologies Ltd.
JASO JA Solar Holdings Co Ltd.
KHD Khd Humboldt Wedag International
LFC UN China Life Insurance (ADR)
MPEL Melco PBL Entertainment Macau Ltd.
MR UN Mindray Medical
NCTY UQ THE9 LTD (ADR)
NTE US Nam Tai Electronics Inc
NTES US Netease.com Inc (ADR)
PTI UN Patni Comput (ADR)
PTR UN PetroChina Co. Ltd. (ADR)
RDY UN Dr. Reddy's Laboratories Limited
SAY UN Satyam Computer Services Limited
SHI UN Sinopec Shanghai Petrochemical
SINA UQ Sina Corporation
SMI UN Semiconductor Manufacturing International Corp.
SNDA UQ Shanda Interactive Entertainment
SNP China Petroleum & Chemical Corp. (SINOPEC)
SOHU UQ SOHU.COM Inc.
SOLF Solarfun Power Holdings
SSW Seaspan Corp
STP UN Suntech Power Holdings
TSL Trina Solar Ltd.
TTM UN Tata Motors
VSL UN Videsh Sanchar Nigam
WIT UN Wipro Limited
WNS WNS Holdings Ltd.
XFML Xinhua Finance Media Ltd (ADR)
XING UQ Qiao Xing Univer
YZC Yanzhou Coal Mining-SP (ADR)

References

  1. www.ise.com. International Securities Exchange.