Samsung launches first QFII ETF
Samsung has become the latest company to offer an exchange-traded fund based on the FTSE China A50 Index with the launch of the Kodex FTSE China A50 ETF.
The new fund, the first ETF based on the FTSE Group’s index to be listed outside of Hong Kong, began trading on the Korea Exchange on 21 January.
It is also the first cash-based QFII ETF to be based on the index and offers international investors access to the China blue-chip market.
The FTSE China A50 Index represents the 50 largest A-Share companies listed on the Shanghai and Shenzhen stock exchanges and is broadly tracked investors through a range of QFII investment portfolios. The index is based on FTSE's methodology which includes free float adjustment and liquidity screens.
The FTSE Group recently announced that the combined assets of exchange traded funds benchmarked to the FTSE China A50 Index had passed through the USD10bn mark for the first time.
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