According to a filing, db X-trackers Harvest China A-Shares Consumer Staples Sector Fund (NYSEArca: ASHP) will try to reflect the performance of the CSI 800 Consumer Staples Index, which tracks 800 of the most liquid consumer staples stocks in the China A-shares market.
Lastly, according to a filing, db X-trackers Harvest China A-Shares Consumer Discretionary Sector Fund (NYSEArca: ASHY) will try to reflect the performance of the CSI 800 Consumer Discretionary Index, which follows 800 of the most liquid consumer discretionary stocks in the China A-shares market.
Deutsche’s partnership with Harvest Fund Management, China’s second-largest asset manager, is a key element in the bank’s ability to offer A-shares ETFs that holds actual equities. [DB’s China A-Shares ETF Officially Debuts]
Harvest is a Renminbi Qualified Foreign Institutional Investor (RQFII), which means it meets Chinese regulatory requirements to be a foreign owner of A-shares. China’s A-shares trade in Shanghai and Shenzhen. [Exposure to Restricted A-Shares With ETFs]
In contrast, other China-related ETFs hold Chinese securities listed on Hong Kong or New York stock exchanges.
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.