Assets in ETFs listed globally tracking Chinese benchmarks surpassed $32bn at the end of 2009, according to research by BlackRock.
The firm's China ETFs Industry Review says assets in these funds grew from $15.9bn in 2008, showing assets in ETFs providing exposure to China have more than doubled in a year.
iShares is the leading provider, with 11 China ETFs, 22 listings and $18bn in assets under management (AUM) as of December 2009. The issuer is followed by China Asset Management, with two ETFs, two listings and $3.8bn in AUM at the same date.
However, the report shows iShares has lost 9.2% in AUM market share over the year period, while China Asset Management gained 3.6%.
The top 10 new ETFs listed in 2009 in terms of AUM include WISE Polaris CSI 300 Investment Trust Fund, the United SSE 50 China ETF, the iShares CSI 300 A-Share Index ETF and the iShares CSI A-Share Financials Index ETF.
The report says the top 10 ETFs tracking Chinese benchmarks in terms of AUM, at the end of 2009, comprise the iShares FTSE/Xinhua China 25 Index Fund, the iShares FTSE/Xinhua A50 China Tracker, the China 50 ETF and the Hang Seng H-Share Index ETF.
The iShares FTSE/Xinhua China 25 Index Fund has also achieved the highest average daily US dollar trading volume, at $9,975.3m at the end of 2009.
The report says there were 53 ETFs globally based on Chinese benchmarks, from 28 providers on 21 exchanges around the world at the end of last year.
The US has the highest AUM in Chinese ETFs with $12.47bn followed by Hong Kong with $9.97bn.
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