Market Vectors, the NY-based exchange-traded fund issuing arm of Van Eck Global, added another China-focused fund to its kitty with the launch of the Market Vectors China-AMC SME-ChiNext ETF (CNXT). The new fund aims to give direct exposure in China A-shares through the sub-advisor’s RQFII (Renminbi Qualified Foreign Institutional Investor) quota. A-shares are companies incorporated in China and trade on …
New ETFs On The Block: Db X-Trackers Harvest CSI 300 China A-Shares Fund (ASHR)
Global markets’ interest in Chinese equities received a major boost after the nation’s new leadership announced sweeping social and economic reforms last week. Coincidentally, Deutsche Asset & Wealth Management, the asset management arm of Germany’s largest lender, launched a unique China-focused exchange-traded fund on Nov 6 offering US investors direct access to the stocks of the world’s second largest economy. …