E-Fund ETF attracts $2.8bn

The Shenzhen ETF returned 101% year to date and represents the Chinese market's second largest product launch in 2009. Z-Ben says the demand and fundraising for the ETF was bolstered by the feeder fund structure, which provides the ability to tap into the bank channel for new inflows. The firm says when issuing an ETF without a feeder fund, assets can only be raised from direct sales initiatives or from securities firms. It highlights that the Shanghai 180 Corporate Governance ETF, launched by the Bank of Communications Schroders, gained 90% of its assets through the feeder fund. ...