everbright added to the hang seng high dividend yield index
business related 10 dec 2012
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china everbright limited (“everbright”) has been named one of the constituents of the new hang seng high dividend yield index (“high yield index”), the company announced today. the index was launched on 10 december 2012 by hang seng indexes company limited in response to market demand for stable, high-yield products. it comprises the 50 stocks and/ or real estate investment trusts (reits) listed on the stock exchange of hong kong with the highest net dividend yield.
the criteria for selection to the high yield index include: being a large- or mid-cap constituent of the hang seng composite and hang seng reit indexes; having a minimum turnover velocity of 0.1%; having a cash dividend paid record spanning at least three consecutive fiscal years; and not being among the top 25% of stocks/reits with the highest one-year historical volatility. the high yield index provides an investment strategy reference for investors who are seeking a less volatile portfolio.
everbright accounts for 1.68% of the index, higher than some other major constituents. constituent weight is based on net dividend yield.
company spokespersons said everbright’s selection as a constituent of the high yield index further strengthens the company’s market position and investor confidence, both locally and internationally. everbright was also recently added to the hang seng china-affiliated corporations index, or “red-chip index”.
everbright leverages a “macro asset management” strategy focusing on the development of three fund management and investment businesses: primary market investment, secondary market investment, and structured investment & financing. as at the end of november 2012, 14 investment funds are managed under the “macro asset management” strategy, with aum of around hkd 22.9 billion.
the criteria for selection to the high yield index include: being a large- or mid-cap constituent of the hang seng composite and hang seng reit indexes; having a minimum turnover velocity of 0.1%; having a cash dividend paid record spanning at least three consecutive fiscal years; and not being among the top 25% of stocks/reits with the highest one-year historical volatility. the high yield index provides an investment strategy reference for investors who are seeking a less volatile portfolio.
everbright accounts for 1.68% of the index, higher than some other major constituents. constituent weight is based on net dividend yield.
company spokespersons said everbright’s selection as a constituent of the high yield index further strengthens the company’s market position and investor confidence, both locally and internationally. everbright was also recently added to the hang seng china-affiliated corporations index, or “red-chip index”.
everbright leverages a “macro asset management” strategy focusing on the development of three fund management and investment businesses: primary market investment, secondary market investment, and structured investment & financing. as at the end of november 2012, 14 investment funds are managed under the “macro asset management” strategy, with aum of around hkd 22.9 billion.
