CHARLOTTE, 18 June 2019 – Advanced Markets Group has today announced the addition of the China A50, China H-Shares and Singapore Blue Chip index CFDs to its list of tradable instruments.
The “China A50” (CHA50) index encompasses the top 50 A-Share companies listed on either the Shanghai or Shenzen Stock Exchanges, and encapsulates a diverse range of industries, from banking and investment right through to manufacturing, providing a broad indication of the performance of the Chinese economy in general. This index is Yuan-denominated.
The “China H-Shares” index (CHH) represents the shares of incorporated, mainland China companies that are listed on the Hong Kong Stock Exchange. Unlike the A50, the China H-Shares index is quoted, and traded, in Hong Kong Dollars.
The “Singapore Blue Chip” index (SING) tracks the performance of the top companies listed on the Singapore Exchange with a wide variety of industries represented. It effectively the benchmark for the Singapore equity market and is Singapore Dollar-denominated.
Strong demand of Asian indices from clients
Natallia Hunik, Advanced Markets Groups Global Head of Sales commented, “The decision to add Asian indices was driven by strong demand from our client base in the Far East. Asian economies represent the largest source of potential revenue, with GDP growth 2.5 times that of the U.S. or Europe. Given our strong presence, and track record, in the region, this new addition to our product line only further strengthens our commitment to Asia”.
Advanced Markets Group has also added the US Dollar Basket CFD which provides a measure of the value of the U.S. Dollar relative to the currencies of its main trading partners and is therefore a useful indicator of Dollar strength or weakness.
“The addition of these instruments allows access to exciting new global markets and provides our clients with the opportunity to further diversify their trading portfolios” stated Anthony Brocco, Advanced Markets Group Founder and CEO, “we look forward to releasing more diverse trading products in the days ahead.”
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