MSCI Launches MSCI China A High Dividend Yield Index
HONG KONG -- June 4, 2013
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support
tools worldwide, announced today that it is introducing the MSCI China A High
Dividend Yield (HDY) Index. This new index includes stocks with a track record
of sustainable and consistent dividend payouts and dividend growth. It can
serve as a benchmark for investors targeting the high dividend yielding
opportunity set within the flagship MSCI China A Index or as the basis for
financial products such as exchange traded funds.
The MSCI China A HDY Index includes only securities that offer a
higher-than-average dividend yield (i.e., at least 30 percent higher) relative
to that of the parent index, the MSCI China A Index, and that pass dividend
sustainability and persistence screens. In addition, MSCI screens out stocks
that do not meet certain "quality" characteristics to exclude stocks with
potentially deteriorating fundamentals that could force them to cut or reduce
dividends. The MSCI China A HDY Index is calculated using free float-adjusted
market capitalization weights.
“Dividends produced from the stocks in the MSCI China A Index have grown
significantly—from RMB 12.95 billion in 2005 to RMB 94.7 billion in 2012,”
said Theodore Niggli, MSCI Managing Director and Head of the Asia Pacific
Index business. “Furthermore, we have seen close to a 110 percent increase in
the number of dividend-paying companies in the MSCI China A Index since 2009.
The MSCI China A High Dividend Yield Index offers a timely new index choice
for clients interested in this subset of the China A-Share market.”
MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and pension
funds. MSCI products and services include indices, portfolio risk and
performance analytics, and governance tools.
The company’s flagship product offerings are: the MSCI indices with close to
USD 7 trillion estimated to be benchmarked to them on a worldwide basis^1;
Barra multi-asset class factor models, portfolio risk and performance
analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD
real estate information, indices and analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings; ISS
governance research and outsourced proxy voting and reporting services; and
FEA valuation models and risk management software for the energy and
commodities markets. MSCI is headquartered in New York, with research and
commercial offices around the world.
^1 As of September 30, 2012, as published by eVestment, Lipper and Bloomberg
on January 31, 2013
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