First physical ETF granting access to the Chinese market for European investor
Amsterdam, Brussels, Lisbon, Paris– 20 May 2014 – Today ETF Securities opened trading at Euronext Amsterdam to celebrate the listing of its new ETF which is the first physical UCITS ETF to track the MSCI China A Index.
The ETF, named ETFS-E Fund MSCI China A GO UCITS ETF, gives investors cost efficient exposure to local Chinese stocks listen on the Shanghai and Shenzhen stock exchanges. The ETF was listed on the Amsterdam market of Euronext yesterday.
Pedro Fernandes, Head of European Exchange Traded Products at Euronext, said: “We are proud to be one of the primarly listing venues for this unprecedented ETF launch. This ETF offers the fast growing number of ETF users in Europe unique exposure to the leading Chinese market in a flexible, transparent and cost-efficient investment way. Being part of this product launch is a demonstration of our value proposition and our central role in facilitating product innovation.”
Philippe Roset, Head Benelux of ETF Securities states: “This innovation now makes it possible for investors to invest in the local Chinese companies included in the MSCI China A Index, via a physically-replicated UCITS ETF. The MSCI indices are widely used amongst global investors and this ETF can be used as a building block to complement their emerging markets exposure. Direct physical exposure to Chinese equities offers an improvement of the existing Exchange Traded Products (ETPs), that track shares of Chinese companies listed in Hong Kong, or provide access to the Chinese A-Shares market via expensive derivative contracts. Today’s listing on Euronext makes it possible for investors in all the countries where Euronext operates to benefit from efficient execution costs and low custody charges.”
To celebrate the listing ETF Securities visited Euronext Amsterdam and sounded the gong which denotes the opening of trading.