First FTSE China A50 Index ETF launches on Xetra
Investors can now participate directly in the performance of the FTSE China A50 Index following the launch of the CSOP Source FTSE China A50 UCITS ETF.
The index comprises the 50 largest Chinese companies in terms of market capitalisation that are listed with A-shares on the stock exchanges in Shanghai and Shenzhen.
Source launched the ETF together with CSOP Asset Management (Hong Kong). The cooperation with CSOP enables the index to be physically replicated using the Renminbi Qualified Foreign Institutional Investor (RQFII) quota regulation.
The CSOP Source FTSE China A50 UCITS ETF is denominated in renminbi and is available to investors in the trading currency EUR for the first time on Xetra.
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