S&P Dow Jones Indices and Bosera Asset Management launched the first-ever S&P 500 exchange traded fund in China today.
The launch of China’s first ETF based upon the S&P 500 signals an acceleration of the ETF market and a larger and more diversified range of investment opportunities for China investors. The total asset under management of ETFs listed in mainland China (Shanghai and Shenzhen) rose to over 150 billion Yuan (about USD $25 billion) in Q3 2013 with close to 80 ETFs available in the market, according to a statement issued by S&P Dow Jones Indices.
Bosera Asset Management is also partnering with KraneShares to introduce a China A-shares ETF that directly holds stocks.
Earlier this month, KraneShares said it is the first U.S.-owned company partnered with a Chinese asset manager, Bosera Asset Management, to receive an investment quota from a Chinese regulatory agency for a Renminbi Qualified Foreign Institutional Investor (RQFII) ETF in the U.S.
Bosera has $32 billion in assets under management. [KraneShares Eyes its Own China A-Shares ETF]
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