Lyxor Asset Management has launched a new ETF, the Lyxor Ucits ETF CSI 300 A Shares, in order to expand its emerging market coverage.
The Lyxor Ucits CSI 300 A Shares ETF will follow the CSI 300 A Shares index, a basket of 300 companies listed on the Shanghai and Shenzhen stock exchanges.
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The new ETF will replicate the performance of the main Chinese onshore index, an alternative to the more freely accessible offshore H Shares market.
The new Lyxor A Shares ETF will have a total expense ratio of 0.4% and is aimed at institutional investors.
Marlene Hassine Lyxor Asset Management ETF strategist said: "The launch of the CSI 300 A Shares ETF reflects our continued efforts to provide investors with exposure to highly attractive markets."
Arnaud Llinas, head of Lyxor ETFs & indexing, said: Frontier markets were the next challenge for the firm. It has been carrying out stress tests on individual indices, and while few frontier markets make it through liquidity screens, one or two single-country ETFs are due in Q1 2014.
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By GlobalData"We have now reached around 1,200 ETF products in Europe, and this may even begin to decrease this year," he added.
