Chinese AM firms list ETFs on Tokyo Stock Exchange
20 February 2013
News, Asia, China, Japan
By Toby Garrod
China AMC (Hong Kong) and CSOP Asset Management were given permission on Friday (February 15) to list their exchange traded funds on the Tokyo Stock Exchange. The ETFs are the first funds overseen by Chinese asset managers to go public in Japan. They are expected to list on February 27.
The two ETFs were launched by China AMC (Hong Kong) and CSOP Asset Management under the RQFII scheme late last year. The ChinaAMC CSI 300 Index ETF-JDR will track the CSI 300 index (the 300 largest firms on the Shanghai and Shenzhen stock exchanges) and the CSOP FTSE CHINA A50 ETF will track the FTSE China A50, covering the 50 largest issuers on the two main Chinese bourses.
Apart from these, there are other China-focussed ETFs listed on the Tokyo Stock Exchange, for example, Nikko Asset Management’s Listed Index Fund China A Share (Panda) CSI300.
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