“London’s role as an international financial centre is mirrored in its ability to provide investors a product range providing access to asset classes around the world. This new China A Shares ETFs, listed on London Stock Exchange provides investors with the opportunity to have direct exposure to China, one of the world’s largest and fastest growing economies,” said Pietro Poletto, head of fixed income and ETFs for the London Stock Exchange, said in the statement.
In the U.S., the Market Vectors China AMC A-Share ETF (NYSEArca: PEK) is the other ETF that offers access to physical A-shares stocks while the PowerShares China A-Share Portfolio (NYSEArca: CHNA) uses derivatives to track the stocks listed in Shanghai and Shenzhen. PowerShares is seeking approval to transition CHNA to equities away from a basket of derivatives. [More A-Shares ETFs Coming]
ASHR had over $150 million in assets under management as of May 16, according to Deutsche data.
ETF Trends editorial team contributed to this post.