China’s CSOP Asset Management has introduced the first renminbi exchange-traded fund (ETF) tracking Shenzhen’s ChiNext index in Hong Kong.
The new fund is the first to enable foreign investors purely track the ChiNext index. It intends to offer foreign investors with a new channel to diversify their portfolios.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund will use CSOP’s Renminbi Qualified Foreign Institutional Investors (RQFII) quota, investing in the 100 biggest companies listed on the ChiNext in terms of market value.
Commenting on the new launch, CSOP deputy chief marketing officer Jack Wang said: "There are funds that want to go short ChiNext thinking the valuation is too high. They could do so with this ETF. Of course, we’ve also seen interest in buying ChiNext on bets earnings growth will leap."
According to Wang, the fund will be favoured by long-only funds aiming to have more exposure to China, and investors interested in shorting the ChiNext index.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
