Deutsche Asset & Wealth Management (DAWM) announced Monday that, effective immediately, the creation limit for the Deutsche X-trackers Harvest CSI 300 China A-Shares Fund (NYSEArca: ASHR), the largest U.S.-listed exchange traded fund holding Chinese A-shares equities, will increase to five creation units per day from the previously imposed limit of one.
“ASHR will now accept five creations units each day, where each creation unit is comprised of 50,000 shares. This is an increase from the previous limit of one creation unit per day, announced on November 13, 2014,” said DAWM in a statement.
Due to robust demand, DAWM was forced to limit creations in ASHR and the Deutsche X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (NYSEArca: ASHS) for a second time last month because that heavy demand was forcing the two ETFs to bump up against their respective Renminbi Qualified Foreign Institutional Investor (RQFII), which allows the funds to purchase A-shares equities. [Bumpy Ride for A-Shares ETFs]
As for ASHS, ASHR’s small-cap counterpart, that ETF’s creation limit remains at one creation unit of 50,000 shares per day.
“As previously announced on November 13, 2014, Deutsche X-trackers Harvest CSI 500 China A-Shares Small Cap ETF will continue to accept one creation unit, comprised of 50,000 shares, each day,” said DAWM in the statement.
ASHR’s RQFII quota is 4.02 billion renminbi, according to issuer data.
Now 13 months old, ASHR is home to $635.7 million in assets under management. One of the top-performing non-leveraged ETFs in November, ASHR is higher by 5.7% today on heavy volume and touched an all-time earlier Tuesday.
Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
ETF Trends editorial team contributed to this post.