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China A ETF launches on LSE
20 May 2014
Third ETF of its kind to list on exchange this year
ETF Securities and Chinese asset manager, E-Fund Management,
have partnered to offer a new exchange traded fund (ETF) on the
London Stock Exchange (LSE).
the third physical ETF to list on the LSE this year that offers
institutional and retail investors access to the China A-shares
market. Trading in
Chinese yuan and Hong Kong dollars for ETFs was introduced on
the LSE in Q1 2014.
ETFs-E Fund MSCI China A Go Ucits ETF is denominated in
renminbi and trades on London Stock Exchange in GBP and
new ETF "provides investors with the opportunity to have direct
exposure to China, one of the world's largest and fastest
growing economies," said Pietro Poletto, head of fixed income
and ETFs, LSE.
ETF tracks the MSCI China A index, which accoiding to Johnson
covers the most comprehensive range of Chinese stocks, with
less concentrated exposure to financials and large-cap state
"The China A shares market is gaining
ground with European investors and this product provides an
exciting opportunity for those who wish to access this market,"
said Matt Johnson, head of distribution Emea, ETF
launch builds on London's growing reputation as an offshore
centre for renminbi trading.