United Overseas Bank (UOB) Asset Management will release a China A-Shares ETF in Singapore on November 12.
The United FTSE Xinhua China A50 ETF, which will be listed on the Singapore Exchange (SGX) is the first China A-shares fund to be denominated and traded in Singapore dollars, according to UOB. The underlying index provides exposure to the mainland Chinese equity market, by representing the performance of the 50 largest China A-shares companies based on market capitalisation. A-shares are shares in Chinese companies denominated and traded in Chinese yuan, listed on the domestic Shanghai or Shenzhen stock exchanges. UOB says strong retail participation in the China A-shares market in re...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes