China’s ETF does hold some promise for issuers. Last week, Guotai Asset Management, a Chinese money manager, launched China’s first cross-border ETF, the Guotai NASDAQ-100 Exchange Traded Fund, on the Shanghai Stock Exchange.
Previously, investors in China could only gain exposure to U.S. markets through ordinary “Qualified Domestic Institutional Investor funds” – the QDII program grants a limited access for institutional investors, like banks, funds and investment companies, to invest in foreign-based securities. In the People’s Republic of China, the restrictions helped reduce conversion risks in a non-free floating currency. [Chinese Investors Can Now Access Nasdaq 100]
RevenueShares has a combined $530 million in assets under management across its six ETFs. The RevenueShares Large Cap Fund (NYSEArca: RWL) is the largest with $184 million in assets. The firm’s other products include the RevenueShares Financials Sector Fund (NYSEArca: RWW) and the RevenueShares ADR Fund (NYSEArca: RTR).
ETF Trends editorial team contributed to this story.