Harvest is a Renminbi Qualified Foreign Institutional Investor (RQFII), which means it meets Chinese regulatory requirements to be a foreign owner of A-shares.
ASHR tracks the CSI 300 Index, a collection of the large-caps including China Minsheng Banking, China Merchants Bank, Industrial Bank, Ping An Insurance, Shanghai Pudong Development Bank, Haitong Securities and China Vanke. [China A-Shares ETF Officially Debuts]
ASHR’s underlying index allocates 38.6% of its weight to the financial services sector, 13.1% to industrials and almost 11.3% to consumer discretionary names.
ETF Trends editorial team contributed to this post.