Among the first fee reductions for exchange traded funds in 2019 are a pair of China funds. In a statement out Thursday, VanEck said it is reducing the expense ratios on the VanEck Vectors ChinaAMC SME-ChiNext ETF (NYSEArca: PEK) and the VanEck Vectors ChinaAMC CSI 300 ETF (NYSEArca: CNXT).

PEK’s new expense ratio is 0.60% per year, or $60 on a $10,000 investment, down from 0.72% per year. CNXT’s new annual fee is 0.65%, down from 0.78% per year.

“PEK seeks to track the CSI 300 Index, which is comprised of the largest and most liquid stocks in the Chinese A-share market. CNXT seeks to track the SME-ChiNext 100 Index, which is comprised of the 100 largest and most liquid onshore China A-share stocks listed on the Small and Medium Enterprise (SME) Board and the ChiNext Board of the Shenzhen Stock Exchange,” according to the statement.

PEK debuted more than eights years and has $55.6 million in assets under management. That ETF holds 302 of the most liquid Chinese A-shares stocks. A-shares are the stocks trading on mainland China.

The ongoing initiatives of Chinese authorities have helped improve global investor access to Chinese A-shares through reforms such as the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) initiatives.

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