Dow Jones Indexes, a leading global index provider, yesterday launched the Dow Jones Islamic Market (DJIM) China Offshore Hong Kong Index.
The index represents the performance of companies that have been screened for compliance with Islamic principles and whose primary operations are in mainland China but trade on the Hong Kong stock exchange.
Stocks included in the index are H-Shares and Red Chips.
The index is designed to serve as underlying for investment products such as mutual funds, exchange-traded funds and other investable products.
“The Dow Jones Islamic Market China Offshore Hong Kong Index is another innovative addition to the highly successful Dow Jones Islamic Market index series following a unique and superior methodology,” Dow Jones Indexes editor and executive director John Prestbo was quoted by IINA as saying.