China Everbright Limited added to the Hang Seng High Dividend Yield Index
Business Related 26 May 2017
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China Everbright Limited (“CEL”, stock code: 165.HK) is pleased to announce that it has been selected as one of the constituents of the “Hang Seng High Dividend Yield Index”, effective 12 June 2017. CEL is added to this Index again since it was the first batch of constituents of the "Hang Seng High Dividend Yield index" in 2012.
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 Heng Seng 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 Hang Seng High Yield Index provides an investment strategy reference for investors who are seeking a less volatile portfolio.
CEL is also one of the constituents of the Hang Seng China-Affiliated Corporations Index ( “Red-chip Index”) and the Hang Seng China (Hong Kong-listed) 100 index. Being added to the Hang Seng High Dividend Yield index fully shows that CEL is highly recognized by the market and investors, which further strengthens CEL’s market position and investor confidence.
CEL persistently pursues its “Macro Asset Management” strategy with specific focuses on cross-border asset management and investment businesses. As at end-2016, CEL managed 36 funds with a total fundraising amount of more than HK$87.5 billion.
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 Heng Seng 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 Hang Seng High Yield Index provides an investment strategy reference for investors who are seeking a less volatile portfolio.
CEL is also one of the constituents of the Hang Seng China-Affiliated Corporations Index ( “Red-chip Index”) and the Hang Seng China (Hong Kong-listed) 100 index. Being added to the Hang Seng High Dividend Yield index fully shows that CEL is highly recognized by the market and investors, which further strengthens CEL’s market position and investor confidence.
CEL persistently pursues its “Macro Asset Management” strategy with specific focuses on cross-border asset management and investment businesses. As at end-2016, CEL managed 36 funds with a total fundraising amount of more than HK$87.5 billion.
