ETF Expands CEINEX Product Range, Covers China’s 500 Largest Companies
Frankfurt a.M. / Germany, November 14, 2016 – CEINEX is expanding its portfolio of ETFs with the introduction of the ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD, giv-ing European investors for the first time the opportunity to participate in the performance of the S&P China 500 Index, offering a broad exposure to Chinese equities. The ETF is launched under a bellringing ceremony on Monday, 14 November 2016, at the Frankfurt Stock Exchange and is traded on Deutsche Börse’s Xetra platform.
ETF Name: ICBCCS WisdomTree S&P China 500 UCITS ETF Class B USD
Asset Class: Equity Index ETF
Total Expense Ratio: 0.75 percent p.a.
Distribution Policy: distributing
Reference Index: S&P China 500 Index
The reference index S&P China 500 includes the largest and most-liquid Chinese companies with-in all Chinese share classes, including A-shares and offshore listings. A-Shares are issued in RMB by listed companies on the Shanghai Stock Exchanges and the Shenzhen Stock Exchange. These stocks can only be acquired by foreign investors under certain regulations. Offshore listings are companies listed on the Hong Kong Stock Exchange, listed in Hong Kong Dollar. The ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF is physically backed and UCITS compliant.
Junjun Zhu, Director and Section Head Product Development CEINEX AG, said:
“This ETF expands our range of ETF Products and offers our clients more investment possibilities. The S&P China 500 is a unique index covering a broad spectrum of companies from the technol-ogy and services sectors as well as the financial industry. Investors in Europe will benefit from this opportunity offered to them through the ICBCCS WisdomTree S&P China 500 UCITS ETF.”
Laura Lui, Head of Index & Quantitative Investment of ICBC Credit Suisse Asset Management (International), commented:
"We are very excited about the new listing in Germany with our global product partner Wis-domTree. With their impressive track record as an ETF issuer, together with ICBCCSI's in-depth understanding of the Chinese markets, we are keen to provide pioneering solutions for diversi-fied, transparent and efficient tools for accessing China opportunities. The listing on CEINEX marks another significant milestone for us and we are committed to continue to develop efficient and effective China products for global investors."
Nizam Hamid, ETF Strategist WisdomTree Europe, said:
“Market access to Chinese equities has long been an issue for investors and the creation of a UCITS ETF that covers all the relevant share classes in a single product brings substantial benefits. It represents a cost effective means of allocating to a broad index whilst removing the operational and administrative burdens often associated with accessing A-shares. The collaboration with IC-BCCSI means that European investors have a transparent and liquid single product to invest in China.”
About China Europe International Exchange
Based in Frankfurt/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 Renminbi related products in the offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to promoting the cooperation between and mutual development of Chinese and international financial markets.
About Deutsche Börse Group
Deutsche Börse Group is one of the world’s leading service providers for securities and derivatives markets with products and services offered for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading through clearing to settlement and securities custody, as well as market data, indices and analytics. Deutsche Börse Group is also a global innovator in financial markets technology, including the industry leading T7 trading platform and C7 clearing system.