NO 235 – SEPTEMBER 2012
52nd WFE Annual Meeting

WFE Focus September 2012

BM&FBOVESPA launches corporate governance stock index for Novo Mercado and unsponsored BDR index

On 3 September 2012, BM&FBOVESPA started the real time calculation and publication of the Special Corporate Governance Stock Index – Novo Mercado (IGNM), created to offer a specific indicator of the performance of the 127 constituent stocks of the Novo Mercado, the Exchange’s highest corporate governance standard. On the same date, BM&FBOVESPA introduced the Unsponsored BDR Index – Global (BDRX), composed of the 70 unsponsored BDRs. It has been created to contribute to the diversification of foreign investors’ investment strategies for foreign assets, and offers a point of reference for the performance of the depository receipts of foreign stocks traded on BM&FBOVESPA.

Shanghai Stock Exchange launches indices to promote bond market and renames index

On 12 September 2012, the Shanghai Stock Exchange and China Securities Index launched the SSE 5-year China Treasury note index, SSE Convertible Bond index and CSI Convertible Bond index. They are designed to serve as a new investable benchmark for bond investors as well as to promote innovation of China bond market. In addition, the Shanghai Stock Exchange renamed the Market Value 100 Index to SSE Market Value Top 100 Index on 4 September 2012.

Shanghai Stock Exchange launches environmental protection industry index and regional industry index series

On 25 September 2012, the Shanghai Stock Exchange and China Securities Index launched the SSE Environmental Protection Industry index and the CSI Environmental Protection Industry index. On 27 September 2012, the same organizations launched the SSE Regional Industry Top index series and the CSI Regional Industry Top index series.

Shenzhen Stock Exchange launches real estate index and SME indices

On 20 August 2012, the Shenzhen Stock Exchange, in cooperation with the Shenzhen Securities Information, launched the SINO Real Estate Index, designed to reflect the return of real estate stocks, propelling the development of index fund products. It includes the top 50 A-share stocks whose primary industry is financial real estate or secondary industry real estate. On the same day, the Shenzhen Stock Exchange launched the SZSE SME Dividend Index, the SZSE SME Corporate Governance Index and SZSE SME CSR Index, composed of companies listed on the SME board. The SZSE SME Dividend Index selects 50 companies that have stable profit distribution history; the SZSE SME Corporate Governance Index selects 50 companies which are well managed and have high management appraisal records.

Tokyo Stock Exchange launches currency hedged indices

The Tokyo Stock Exchange has started to calculate and publish a new version of the TOPIX Total Return Euro Hedged index with daily currency hedging to satisfy market demand for TOPIX index values hedged in Euros. The index is calculated by hedging beginning-of-period balances using rolling one-month EUR-JPY currency forward contracts. The forward contract amount is rebalanced monthly in the TOPIX Total Return Euro Hedged Index, but will be rebalanced daily in the TOPIX Total Return Euro Daily Hedged Index.