Friday, October 05, 2007
Merill Lynch announced that it will be launching a S-Shares index to provide exposure to stocks likely to benefit from the growth in China’s economy in general and the money flow into Chinese companies listed on Singapore Exchange (S-shares) in particular.
The eligible universe of stocks is screened to ensure liquidity and tradability according to the following constraints:
Liquidity: 3Mth & 20D average daily turnover >US$1Mn
Market Cap: the full market cap must be at least US$100Mn
Country of listing: Singapore
Stocks are not subject to any foreign investment restrictions
source :
www.mojostock.com/forums/showthread.php?t=32912
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