db x-trackers CSI300 Index ETF launched on Xetra
A new equity index ETF issued by db X-trackers, the db x-trackers CSI300 Index ETF, has been tradable in Deutsche Börse’s XTF segment since Friday.
The new exchange traded fund enables investment in A-class shares on the Chinese equity market via an exchange-listed ETF. A-class equities are shares in Chinese companies that are traded in Chinese currency (renminbi) in Shanghai and Shenzhen. These equities used to be reserved exclusively for domestic investors. Since 2006, however, this restriction for foreigners has been relaxed and trading contingents put in place to allow foreign investors to trade in these securities. The CSI 300 Index comprises the equities of 300 Chinese companies with the highest market capitalisation and greatest liquidity.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 993 exchange-listed index funds, while the average monthly trading volume stands at EUR12 billion.
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