ETF expands CEINEX product range, covers SSE’s 50 largest listed A share companies
09/12/2016
Frankfurt a.M. / Germany, December 9, 2016 – CEINEX, China Europe International Exchange, is expanding its portfolio of ETFs with the introduction of a new share class denominated in Euro of the Bank of China International (BOCI) Commerzbank –Shanghai Stock Exchange 50 A Share Index UCITS ETF, to trading on Xetra.
This ETF reflects the performance of the Shanghai Stock Exchange 50 A Share Index (the “SSE 50”) and is passively managed. The goal is to provide a return for investors that corresponds to the index through “representative sampling strategy” which directly invests in a sample of constituent A Shares via the Shanghai-Hong Kong Stock Connect ("SHKSC") according to capitalization, industry and fundamental investment characteristics. The base currency of the subfund is Renminbi (RMB) and the currency of the share class is Euro (EUR).
ETF Name: Bank of China International (BOCI) Commerzbank –
Shanghai Stock Exchange 50 A Share Index UCITS ETF
Asset Class: Equity Index ETF
ISIN: LU1377632572
All-In Fee (incl. index licensing fee): 0.84 percent per year
Distribution Policy: distributing
Currency: EUR
Reference Index: SSE 50 A Share Index
The SSE 50 index, managed by the China Securities Index Co Ltd., contains the largest 50 A Shares listed on Shanghai Stock Exchange with high liquidity and representativeness. The calculation currency of the SSE 50 is RMB and the constituents of the index are reviewed every 6 months and will be adjusted according to this periodical review.
About China Europe International Exchange AG
Based in Frankfurt am Main, Germany, CEINEX is a joint venture established by Shanghai Stock Exchange, Deutsche Börse Group and China Financial Futures Exchange. As the first platform for China- and RMB-related products in the offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to provide reliable offshore RMB capital market products to investors, so as to promote RMB internationalization.