ISE ChIndia Index

Options on the International Securities Exchange's cash-settled proprietary ISE ChIndia Index (ICK) acts as a benchmark for investors wanting exposure to stocks domiciled in the two most populous countries in the world -- China and India. Rapid economic development places them among the fastest-growing emerging markets. Energy consumption in both countries is expected to keep pace with that development, making China and India stronger competitors for oil, gas and other resources. Options on this index will be announced at a later date. In addition, in February 2007, ISE announced that it had entered into an agreement with First Trust Advisors L.P., an investment management firm, to create and list exchange-traded funds (ETFs) on the ISE ChIndia Index 
The Index, which contains 50 different stocks, uses a modified market capitalization-weighted methodology to create a more uniform weight distribution. This prevents a few large component stocks from dominating the index but still promotes portfolio diversification by retaining the economic attributes of capitalization ranking. Semi-annual reviews and rebalancing events are used to “re-set” the weighting of each component such that each component has a proportionate influence on the index performance.
The index is calculated and maintained by Standard & Poor’s based on a methodology developed by the ISE in consultation with Standard & Poor’s.
As of Nov. 1, 2007, there are 31 ISE index options listed.
== Components/Symbols of ISE ChIndia Index==
 
ACH UN 		Aluminum Corporation of China Limited
AOB UN 		American Oriental Bioengineering Inc
BIDU UQ		BAIDU.COM (ADR)
CEO UN 		CNOOC Limited (ADR)
CHA UN 		China Telecom Corporation Limited
CHINA 		CDC CORP-CL A
CHL UN 		China Mobile (HK) (ADR)
CHU UN 		China Unicom Limited (ADR)
CMED UQ		China Medical Tech-SPON (ADR)
CN UN 		China Netcom
COGO 		Comtech Group Inc COM NEW
CTRP UQ		CTRIP.COM International (ADR)
EDU 		New Oriental Education (ADR)
FMCN UQ		Focus Media Holding (ADR)
GSH UN 		Guangshen Railway-SPONS (ADR)
HDB UN 		HDFC Bank Ltd.
HMIN 		Home Inns & Hotels Manag (ADR)
HNP UN 		Huaneng Power International Inc.
HTX UN 		Hutchison Telecom
IBN UN 		ICICI Bank Limited
INFY UQ		Infosys Technologies Ltd.
JASO JA		Solar Holdings Co Ltd.
KHD 		Khd Humboldt Wedag International
LFC UN 		China Life Insurance (ADR)
MPEL 		Melco PBL Entertainment Macau Ltd.
MR UN 		Mindray Medical
NCTY UQ		THE9 LTD (ADR)
NTE US 		Nam Tai Electronics Inc
NTES US		Netease.com Inc (ADR)
PTI UN 		Patni Comput (ADR)
PTR UN 		PetroChina Co. Ltd. (ADR)
RDY UN 		Dr. Reddy's Laboratories Limited
SAY UN 		Satyam Computer Services Limited
SHI UN 		Sinopec Shanghai Petrochemical
SINA UQ		Sina Corporation
SMI UN 		Semiconductor Manufacturing International Corp.
SNDA UQ		Shanda Interactive Entertainment
SNP 		China Petroleum & Chemical Corp. (SINOPEC)
SOHU UQ		SOHU.COM Inc.
SOLF 		Solarfun Power Holdings
SSW 		Seaspan Corp
STP UN 		Suntech Power Holdings
TSL 		Trina Solar Ltd.
TTM UN 		Tata Motors
VSL UN 		Videsh Sanchar Nigam
WIT UN 		Wipro Limited
WNS 		WNS Holdings Ltd.
XFML 		Xinhua Finance Media Ltd (ADR)
XING UQ		Qiao Xing Univer
YZC 		Yanzhou Coal Mining-SP (ADR)
==References==
Category:Indexes