Date
19 August 2017

CSOP, Source to launch China ETF in US, paper says

CSOP Asset Management Ltd. and London-based ETF provider Source have applied to the US Securities and Exchange Commission to jointly launch an exchange-traded fund that tracks the performance of the FTSE China A50 Index in the US market, the China Securities Journal reported Wednesday. The FTSE China A50 Index is a tradable index comprising the 50 largest A-share companies by market capitalization. CSOP is the largest asset management firm under the renminbi qualified foreign institutional investor scheme, while Source has over US$15 billion of assets under management since its establishment in April 2009, the report said.

– Contact HKEJ at [email protected]

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