Hang Seng Indexes Company launches HSCEI ESG NTR KRW Hedged 40 Points Decrement Index
Hang Seng Indexes Company has launched the HSCEI ESG NTR KRW Hedged 40 Points Decrement Index.
Denominated in Korean won (KRW), the new index is designed to allow investors whose natural currency is KRW to gain exposure to the HSCEI ESG Index (Net Total Return Index) while also hedging their associated currency exchange rate risk. The index is subject to an annual decrement of 40 index points.
The index reflects Hang Seng Indexes Company’s drive to keep pace with market trends and meet the changing needs of the investment community, by serving the rapidly growing investor appetite for ESG-related investments, while also addressing the currency risk concerns of foreign investors, particularly amid continuing uncertainties over the macroeconomic outlook.
The new index is calculated and disseminated on a daily basis after trading closes on the Stock Exchange of Hong Kong on each trading day when the HSCEI ESG Index (Net Total Return Index) is calculated and the Korea Exchange is not on a scheduled holiday.