China's A-shares post-MSCI inclusion
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An index of equal-weighted stocks in the healthcare sector was created in 2000 as an early form of "smart beta" investing. When calculating the beta of this synthetic index against the broader market, it yielded a very close to market beta of 1.02, indicating the healthcare sector stocks moved closely with the overall market. This reminded the creator of the 1960s medical drama television series titled The Eleventh Hour.
China's A-shares post-MSCI inclusion
- 2. WWW In 2000, I created an index of equal-weighted stocks (call it EWI), in sectors tied to pharma, biotech, medical, etc. from the SH market, just for fun using our in-house TradEdge platform early smartbeta origination, haha! When I calculated this synthetic indexs beta against the SH Composite Index, surprise, surprise! It yielded a beta of 1.02! I came to the conclusion then that the SH market reminded me of the TV drama: http://www.imdb.com/title/tt0058855/