Tokyo

Chinese asset managers gear up for Tokyo ETF listings

Two Chinese asset managers – China Asset Management and China Southern Asset Management – are poised to list exchange-traded funds on the Tokyo Stock Exchange.

Both firms plan to offer physical ETFs linked to the Chinese stock market in the form of Japanese Depositary Receipts (JDRs) listed in Tokyo, with trading expected to begin on 27 February.

According to a Financial Times report, the ChinaAMC CSI 300 Index ETF-JDR will track the performance of the CSI 300 index, which comprises the 300 largest issuers on the Shanghai and Shenzhen stock exchanges. The CSOP FTSE CHINA A50 ETF will track the FTSE China A50 index, which comprises the 50 largest issuers on the two main exchanges.

“China has historically been seen as a difficult market to access but the new ETF-JDRs will be seen as an important innovation to improve access for a range of Japanese investors,” says Deborah Fuhr of ETFGI.

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