Bosera licenses S&P 500 to create ETF in China

Standard & Poor's (S&P) says this agreement will allow Chinese investors to directly track the returns of the US equity market, while providing an index solution for their portfolio. In the last 12 months, product issuers have unveiled 32 ETFs tracking S&P's family of indices, in six global markets. The index provider says the S&P 500 is the world's most followed stock market benchmark, with almost $1trn directly indexed. S&P Asia Pacific executive managing director Tom Schiller says: "China, as well as all of Asia Pacific, is of strategic importance to Standard & Poor's as we cont...