China Post Global snaps up RBS ETF range

China Post Global snaps up RBS ETF range

  • Export:

Hong Kong-based international asset manager China Post Global has acquired Royal Bank of Scotland's ETF arm.

The purchase, which includes a 10-strong Market Access fund range and management team, sees China Post take over promotion and distribution rights for the ETFs, which will now be cross-listed in Hong Kong.

In a statement on Wednesday, China Post said it intends to become “a gateway between China and the rest of the world, providing mutual access in both directions for investors".

Last year it became the first fund management company to go public in China after listing on the National Equities Exchange & Quotations, an alternative to the Shenzhen Stock Exchange (SZSE) and the Shanghai Stock Exchange (SSE).

The asset manager also plans to launch the first smart beta ETFs in Europe investing in Chinese securities later this year.

RBS' ETF range holds $400m in assets under management and focuses on commodities and equities in emerging and frontier markets.

They will be seeded with additional capital in order to entice institutional investors.

New market makers have already been secured to increase the funds' liquidity, China Post added, while improved terms on the underlying derivative contracts will result in a cheaper fees for investors.


  • Export:

Related Articles