CSOP Is Working On A Currency-Hedged A-Shares ETF | Page 2 of 2 | ETF Trends

The Chinese currency has been strengthening so far this year. Year-to-date, the WisdomTree Dreyfus Chinese Yuan Fund (NYSEArca: CYB) rose 2.2%, Market Vectors Chinese Renminbi ETN (NYSEArca: CNY) advanced 3.3% and CurrencyShares Chinese Renminbi Trust (NYSEArca: FXCH) gained 0.8%.

The ETF provider also offers its own non-hedged China A-Shares ETF, the CSOP FTSE China A50 ETF (NYSEArca: AFTY). AFTY began trading on March 12, 2015 and has increased 17.4% since its inception.

Chinese A-Shares are a specific class of equity securities issued by Chinese companies and denominated in RMB. Under current Chinese regulations, foreign investors may access A-Shares if they are a designated foreign institutional investor or gained access through either the Qualified Foreign Institutional Investor (QFII) or a Renminbi Qualified Foreign Institutional Investor (RQFII) programs. CSOP Asset Management Limited is a licensed RQFII and QFII.

For more information on new fund products, visit our new ETFs category.

Max Chen contributed to this article.