London Stock Exchange welcomes the CSOP Source FTSE China A50 UCITS ETF to list in London. Launched in partnership by CSOP Asset Management and Source, the new ETF will, for the first time, offer both retail and…
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institutional investors direct exposure to the China A Shares market in Europe, through an Exchange Traded Fund.
The new ETF is linked to the FTSE China A50 Index, which comprises the largest 50 A Share companies by full market capitalisation listed on the Shanghai and Shenzhen Stock Exchanges. Among the largest constituents of the index are Ping An Insurance, China Vanke and Gree Electric Appliances. FTSE is a leading provider of China-focused indices with ETFs tracking the FTSE China Index Series accounting for over $18 billion AUM, as at 31 December 2013.
The Renminbi Qualified Foreign Institutional Investor (RQFII) programme allows institutional investors with offshore Renminbi deposits to invest back into the domestic Chinese market. Hong-Kong based CSOP is currently the largest RQFII manager of A Shares globally and has been granted quota specifically for the CSOP Source FTSE China A50 UCITS ETF.
Source: ETFWorld – FTSE
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