Continuing to open new avenues of investing for Chinese investors, Standard & Poor’s, the world’s leading index provider, has announced that it has licensed the S&P 500 to Bosera Asset Management for the creation of an exchange traded fund (ETF) based upon the Index. With nearly US$1 trillion directly indexed, the S&P 500 is the world’s most followed stock market index.

“In the past twelve months, product providers have launched over 32 ETFs in six global markets based upon Standard & Poor’s family of indices,” says Alexander Matturri, executive managing director at S&P Indices. “We are excited to now license Bosera Asset Management, one of the leading asset managers in China, to create an ETF based upon our flagship index, the S&P 500. This landmark agreement will allow Chinese investors to directly track the returns of the US equity market while providing an important index solution for their portfolio.”

“China, as well as all of Asia-Pacific, is of strategic importance to Standard & Poor’s as we continue to aggressively grow our international index business,” adds Tom Schiller, executive managing director, Asia-Pacific, Standard & Poor’s. “With US$30.8 billion in assets under management, Bosera Asset Management is one of the leading asset managers in China. We are excited to be working with Bosera Asset Management to bring the S&P 500, the premier US market gauge, to Chinese investors.”