Management for the creation of an exchange traded fund (ETF) based upon the Index. With nearly $1 trillion directly indexed, the S&P 500 is the world’s most followed stock market index.
“In the past twelve months, product providers have launched over 32 ETFs in 6 global markets based upon Standard & Poor’s family of indices,” says Alexander Matturri, Executive Managing Director at S&P Indices. “We are excited to now license Bosera Asset Management, one of the leading asset managers in China, to create an ETF based upon our flagship index, the S&P 500. This landmark agreement will allow Chinese investors to directly track the returns of the U.S. equity market while providing an important index solution for their portfolio.”
“China, as well as all of Asia Pacific, is of strategic importance to Standard & Poor’s as we continue to aggressively grow our international index business,” adds Tom Schiller, Executive Managing Director, Asia Pacific, Standard & Poor’s. “With $30.8 billion in assets under management, Bosera Asset Management is one of the leading asset managers in China. We are excited to be working with Bosera Asset Management to bring the S&P 500, the premier U.S. market gauge, to Chinese investors.”
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor’s family of indices, which includes the S&P 500, the world’s most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry’s most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices
About Standard & Poor’s
Standard & Poor’s, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com
Standard & Poor’s does not sponsor, endorse, sell or promote any S&P index-based investment product.