HKEx is studying Dividend Point Indexes Futures

HKEx is studying Dividend Point Indexes Futures

29/06/10

Hong Kong Exchanges and Clearing Limited (HKEx) welcomes Hang Seng Indexes Company Limited’s introduction of the Dividend Point Index Series, which comprises the HSI Dividend Point Index, an indicator of cash dividends from constituents of the Hang Seng Index, and the HSCEI Dividend Point Index, an indicator of cash dividends from constituents of the Hang Seng China Enterprises Index, or H-shares Index.

HKEx has been working with Hang Seng Indexes on an ongoing study of futures contracts based on the two dividend point indexes, with an aim to provide institutional investors with instruments to hedge the dividend risks implied in the index-linked products.

HKEx will make a further announcement if it decides to introduce futures contracts based on the dividend point indexes.