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SGI China A Selection Index

Index level: 1177.21 as of 20/09/2017

Main characteristics

Bloomberg Code SGIXCNSA
Inception Date 15/06/2015
Return Type Net Return
Currency ???CNY???
CALCULATED_BY S&P Dow Jones
COMPOSED_BY Fortune SG Asset Management

Objective

The SGI China A Selection Index is a systematic index aiming at tracking the performance of a basket of Chinese undervalued stocks (80 to 100) with higher growth potential based on Value and Growth factors and listed on the Shanghai and Shenzhen Stock Exchanges. The selection is advised by Fortune SG Asset Management HK.

Mechanism

SGI China A Selection index is based on a three step methodology applied to a baseline universe composed of the 300 biggest and most liquid A-shares listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

The stock selection process is performed in three steps:

-    Scoring: The stocks are screened aiming at identifying undervalued stocks based on “value” factors (price earnings ratio, price-to-book ratio, dividend yield) and “growth” factors (earnings per share growth, return on equity growth, operating earnings per share growth)

-       Selection: Stocks within each sector are ranked according to their score in a descending order. The top third within each sector are selected and will enter into the composition of the Index

-       Weighting: The sector allocation of the index is kept similar to the baseline universe’s sector allocation. Within each sector, stocks are equally-weighted


SGI China Selection Index (the “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index.
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