Deutsche Asset & Wealth Management, the world’s fifth-largest ETF issuer, today unveiled one of the deepest exchange traded funds on China with the launch of the db X-trackers Harvest MSCI All China Equity Fund (NYSE ticker: CN).

The new ETF offers exposure to China A-shares in addition to China B-shares, China H-shares, China Red Chips, China P-Chips, China ADRs, and securities of Chinese companies listed in the US and Singapore. Deutsche Asset & Wealth Management is the issuer behind the first U.S.-listed ETF to offer physical access to China A-shares stocks, the db X-trackers Harvest CSI 300 China A-Shares Fund (NYSEArca: ASHR). [Hard to Ignore A-Shares ETFs]

“The launch of CN now provides investors with the most comprehensive exposure to China by investing across the spectrum of Chinese securities. This innovative product showcases Deutsche Bank’s ability to build upon our recent successes while leveraging our unique global capabilities,” said Fiona Bassett, Head of Deutsche Asset & Wealth Management’s Passive business in the Americas, in a statement.

The new ETF tracks the MSCI All China Index. The index captures large- and mid-cap Chinese securities listed in China and Hong Kong, as well as in the US and Singapore, and which currently has 612 constituents, said Deutsche in the statement.

MSCI’s All China Index debuted in September 2011 and currently has a price-to-book ratio of 1.55 with a dividend yield of 2.84%. [A-Shares ETFs Could Benefit From Cross Market Plans]

CN’s largest holding is a 50.2% allocation to ASHR, according to Deutsche data. In terms of familiar individual equities held by the new ETF, CN has stakes in Tencent Holdings, Baidu (NasdaqGS: BIDU) and Cnooc (NYSE: CEO), among others.

Tencent is China’s largest Internet company and Baidu is the largest Internet search firm in China, the world’s largest Internet market. [Buying China Internet ETFs on the Dip]