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New HSBC ETF tracks Chinese A shares

By Wang Yanfei | | Updated: 2018-10-17 11:15
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Investors sit in front of an electronic stock board at a securities brokerage in Shanghai, June 9, 2017. [Photo/VCG]

A new investment fund tracking the inclusion of domestic Chinese A shares in MSCI index through the Stock Connect was launched on Frankfurt-based bourse on Tuesday, which is expected to provide foreign investors easy access to Chinese equities through A shares.

The first of such kind, the HSBC MSCI China A Inclusion UCITS ETF allows investors to allocate to China's mainland markets via China A shares as their part in global portfolios increases.

The fund can simply be added to existing allocations, meaning investors don't have to reallocate.

Chen Zhiyong, executive board member Product Development with Ceinex said the inclusion of China A shares in global benchmarks is a significant recognition of how open China's stock markets have become.

As the ETF is designed to track the progressive partial inclusion of China A shares in the MSCI Emerging Markets Index over time, it will provides an excellent building block for investors to future-proof their portfolio using one single share, said Joseph Molloy, head of Index and Systematic Equity Portfolio Management, HSBC Global Asset Management.

Based in Frankfurt, Germany, Ceinex is a joint venture established by the Shanghai Stock Exchange, the Deutsche Borse Group, and the China Financial Futures Exchange.

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