CSI unveils ChinaÆs first strategy-embedded index

China Securities Index (CSI), a company jointly owned by the Shenzhen Stock Exchange and the Shanghai Stock Exchange, says it is launching the mainlandÆs first strategy-embedded index. Unlike CSIÆs traditional suite of capitalisation-weighted products, the new index is weighted based on the individual stocksÆ market fundamentals, valuation and estimated growth. The index is initially customised for proprietary use for Everbright Securities, a local brokerage in China.For back-testing…