Australian Forex and CFD broker Pepperstone earlier today announced it is beefing up its menu of trading instruments, with the changes to affect the lineup of Index CFDs in particular.
The company is adding two new CFDs to the menu: Hong Kong 50 (HK50) and the US 2000 (US2000).
Trading with these instruments is already available via the MetaTrader 4 (MT4) platform. To start trading these CFDs, traders should right-click in the Market Watch panel, select ‘Show All’ and then look for the symbols US2000 and HK50.
Some information about the latest additions:
- The HK50 is a market-cap weighted index of the largest 50 shares on the Hong Kong Stock Exchange. The index makes up around 60% of the total market and includes leading names such as HSBC, China Construction Bank and China Mobile. The index is heavily weighted towards Financials, which account for nearly a half of the index, followed by IT and Construction.
- The US2000 is also a market-cap weighted index. However, in contrast to the HK50, it is an index of the smallest 2000 stocks in the larger US3000 index. This index could attract those traders who are interested in the broader US market. As a small-cap index, the US 2000 provides exposure to IT, Healthcare, Financial Services and Consumer Discretionary segments.
To view the announcement by the broker on the new CFDs, click here.