ETF expands CEINEX product range
The db x-trackers Harvest FTSE China A-H 50 Index UCITS ETF (DR) has enabled European investors to participate for the first time in the performance of the Chinese FTSE China A-H 50 Index via physical replication since Wednesday. The ETF was issued by Deutsche Asset Management together with Harvest Global Investments. This ETF is also included in the CEINEX product range.
The new ETF provides investors with direct access to the 50 largest Chinese A-shares in terms of market capitalisation and liquidity. These companies are listed on the Shanghai and Shenzhen stock exchanges and can only be purchased by foreign investors under certain conditions. The reference index may include both A and H-shares in these companies, depending on tradability. H-Shares are traded at the Hong Kong Stock Exchange.
Name: db x-trackers Harvest FTSE China A-H 50 Index UCITS ETF (DR)
Asset class: equity index ETF
Total expense ratio: 0.65 percent
Distribution policy: distributing
Reference index: FTSE China A-H 50 Index
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,144 exchange traded funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.
CEINEX is a joint venture between the Shanghai Stock Exchange (SSE), Deutsche Börse AG and China Financial Futures Exchange (CFFEX), which has been offering international investors RMB-denominated products based on Chinese assets since November 2015. CEINEX currently offers around 200 products and has an average monthly trading volume equivalent to RMB 500 million.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
About China Europe International Exchange
Based in Frankfurt/Main, Germany, CEINEX is a joint venture established by Shanghai Stock Exchange, Deutsche Börse Group and China Financial Futures Exchange. As the first platform for China and Renminbi related products in the offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to promoting the cooperation between and mutual development of Chinese and international financial markets.
About Deutsche Börse Group
Deutsche Börse Group is one of the world’s leading service providers for securities and derivatives markets with products and services offered for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading through clearing to settlement and securities custody, as well as market data, indices and analytics.
Deutsche Börse Group is also a global innovator in financial markets technology, including the industry leading T7 trading platform and C7 clearing system.