Deutsche Asset & Wealth Management (DeAWM) and Harvest Global Investments are planning to list their new exchange-traded fund (ETF) in London next month.
The new ETF will be first Ucits RQFII to track the CSI 300 index, according to AsianInvestor.
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Additionally, both the firms will also continue to launch their new range of ETFs under China’s renminbi qualified foreign institutional investor (RQFII) scheme.
Recently, DeAWM and Harvest has launched a new fund in New York, the first RQFII ETF in the US raising US$108 million during the IPO.
Choy Peng Wah, CEO of Harvest Global, was quoted by AsianInvestor saying that London will be the first European exchange for listing the ETF, and other bourses in the region are likely to be followed.
DeAWM already has ETFs listed in France, Germany, Italy, Switzerland and the UK.
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