MSCI China All Shares Minimum Volatility Index (CNY)

The MSCI China All Shares Minimum Volatility (CNY) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid caps of Chinese equity universe. The index is calculated by optimizing the MSCI China Index, its parent index, in CNY for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI China Index.