Rqfii pilot project which was launched by chinese authorities on. E fund management, one of mainland chinas largest asset managers, has announced the launch of the e fund ces china 120 index etf, the worlds first crossmarket rqfii etf. Cross border investment in greater china market asia securities. The csi 300 etf may also invest in other investments including i china ashare access products caaps for cash. Rqfii rmb qualified foreign institutional investors which allow qualified rqfii holders to channel renminbi funds raised in hong kong to invest into the mainland securities markets.
Etfs have allowed investors to gain access to chinese ashare benchmarks and to other types of chinese benchmarks without having to apply for and receive a quota. E fund management unveils first crossmarket rqfii etf. There is also a futures contract available for longshort strategies. Securities and exchange commission it is also licensed rqfii and qfii. This etf seeks a return that is 100 % of the return of its benchmark index for a single day. There is no guarantee the fund will meet its stated investment objective. While csi makes every effort to ensure that the information is uptodate, we are unfortunately unable. Best average liquidity a 2nd runnerup csop szse chinext etf b 1st runnerup xtrackers harvest csi 300 china ashares etf c winner csop ftse china a50 etf asset managers awards. Home features and news china eases rules on foreign fund flows. Opportunities and risks canadian securities institute. Rqfii etfs overview the rmb qualified institutional investor rqfii is an initiative.
You can find more details by going to one of the sections under this page such as historical. China firm uses up 10 bln yuan etf quota on stronger. Hang seng china ashare focus fund a2 qfii 105 none 2 n. Kraneshares trust kraneshares csi china internet etf. About e fund csi 100 ashare etf rqfii e fund csi 100 ashare etf is an exchangetraded fund incorporated in hong kong. Rqfii is allowed foreign institutional investors to use offshore rmb funds investing in china capital. Harvest csi 500 china ashares small cap etf xtrackers. Total 299,064 100 344,691 100 number of etfs rqfii ashare 15 synthetic ashare 24 hong kong equity 18 asia pacific equity 44. He added that compared to other rqfii etfs, the csi 100 etf appeals to investors because the cost is low and the experience of e fund in managing etfs helps ensure smooth operations. Risk of the rqfii regime and the fund s principal investment strategy. More ashare etfs changing provisioning policies on capital gains tax on realised and unrealised gains for china ashares, and more to follow. Ethan chan is currently a portfolio manager of qfii and rqfii funds, including hong kongbased rqfii etfs, at e fund. Rqfii ashare etf turnover continued to exceed synthetic ashare etf turnover in september.
Competitive landscape changing for rqfii etfs sponsored. Jackie choy, cfa 060314 for economic and market news relating to asian etfs, please refer to our asia etf roundup market. Morningstar quicktake reports give the most indepth analysis of your holdings. For economic and market news relating to asian etfs, please refer to our asia etf roundup market. E fund csi 100 ashare index etf a sub fund established under the e fund etfs trust issuer. Source and csop ftse a50 etf, deutsche asset and wealth management and harvest csi300 etf, etf securities and e fund msci china a etf and lyxor fortune sg msci. As of the end of april 2016 there were 267 etfs providing exposure to chinese equity benchmarks with usd 57. E fund management hk thinks this is the perfect time to launch, a top executive said. E fund csi 100 ashare index etf profile marketwatch.
Etf market perspective covers etfs listed on hkexs securities market. Chinas door swings open economic, qfii and rqfii updates. E fund rmb fixed income fund, e fund csi 100 ashare index etf, e fund rmb mainland china bond fund, e fund ces china 120 index etf and e fund citi chinese government bond etf, e fund global bond fund and qfii rqfii mandates. There were 76 funds in the overall china region category as of. Asia etf roundup industry march 2014 msci launches consultation on the proposed index inclusion roadmap for china ashares in the msci emerging markets index. The fund seeks to track the performance of the csi 100 index. In seeking to replicate the csi 300 index, the fund intends to invest directly in ashares through the subadvisers rqfii quota. The xtrackers harvest csi 500 china ashares small cap etf the. E fund etfs trust e fund csi 100 ashare index etf sehk.
Cross border investment in greater china market a case of a share etf. The new etf, which has been listed in hong kong, is linked to the ces china 120 index, an index consisting of the 80 largest and most liquid ashares trading on the shanghai and shenzhen stock. Hang seng china a industry top index etf rqfii 59 0. E fund csi 100 ashare index etf e fund management hong. The direxion daily csi 300 china a share bear 1x shares seeks daily investment results, before fees and expenses, of 100 % of the inverse of the performance of the csi 300 index. The fund could lose money due to the effects of a market disruption. For cross border etfs such as the csi 100 etf, the operational challenges are big for managers and not every manager is equally well prepared. This statement provides you with key information about this product. Fund, each of which could significantly and adversely affect the value of an investment in the fund. E fund csi 100 ashare index etf the csi 100 etf rmb. View the latest etf prices and news for better etf investing. Renminbi qualified foreign institutional investor rqfii license is a.
The ishares core csi 300 index etf seeks to track the performance of an index composed of 300 large and midcapitalization stocks traded on the shanghai and shenzhen stock exchanges. The csop china csi 300 ah dynamic etf haha seeks to provide investment results that, before fees. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. Asia etf roundup industry february 2014 welcome to. Strong demand for yuan etf signals ashares appetite. The manager intends to treat such physical a share etfs as collective investment schemes for the purposes of and subject to the requirements in chapters 7. The other etfs investing in the mainland stock market are chinaamc csi 300 index etf, e fund csi 100. Management llc the adviser is the investment adviser to the fund. This leveraged etf seeks a return that is 200% the return of its benchmark index for a single day. Opportunities and risks course will provide you with the knowledge and insight into exchange traded funds as valuable investment vehicles for your clients. Includes portfolio tracking, regular columnists, and tools to help you optimally diversify your portfolio. The fund mainly invests most of its total assets in. E fund csi 100 ashare etf is an exchangetraded fund incorporated in hong kong. Hk comprises 300 stocks with diversification across the ashare market.
E fund csi 100 ashare index etf exchange traded fund profile by marketwatch. From our research see our asia etf roundup september 2012, we found that the 2 rqfii etfs, e fund csi 100 ashare index etf 83100 and csop ftse china a50 etf 82822, which had their rqfii quota fully utilised as of listing, generally traded in line with their navs their average premium was only 0. For xtrackers harvest csi 300 china ashares etf, xtrackers msci china a inclusion equity etf, xtrackers harvest csi 500. It tracks the csi 300 index, is traded on the shenzhen stock exchange and has a management fee of 70bp. E fund managements csi 100, harvest global investments msci ashares and. Among which etfs e fund msci china a go ucits etf, the first etf in europe tracking msci china ashare index, was listed on london stock exchange, amsterdam stock exchange and frankfurt stock exchange on may 19, 2014, and was listed on milan stock.
It was the 6th rqfii etf listing and 9th etf listing of this year. It does not cover the two etfs that trade at hkex under the pilot. The application by chinaamc csi 300 index etf 83188, 03188, harvest msci china a index etf 83118, 03118 and e fund csi 100 ashare index etf 83100, 03100 to reduce their rqfii quota was approved by the chinese regulators in december 20, their quota are now at rmb 14 billion, rmb 3 billion and rmb 3 billion respectively. London stock exchange welcomed 4 asian rqfii issuers and their etfs to the market in 2014. Its listing of the e fund csi 100 ashare index etf hk. As of 2015, it is licensed by the securities and futures commission of hong kong and the u. The etf tracks the csi 100 index and has a management fee of 76bp. Contributed to the operation guidelines set up specifically for different kinds of fund i. The fund mainly invests most of its total assets in the equities of member companies of the csi 100 index. Find here information about the e fund csi 100 ashare etf. View key 3100 etf statistics, etf market cap and other etf analysis data.