China Universal to list RQFII ETF, plans more
China Universal is readying an RQFII ETF, which it says will offer lower management fees than its peers.
China Universal Asset Management will become the latest fund house to list a renminbi qualified foreign institutional investor (RQFII) exchange-traded fund.
The Shanghai-based firm’s Hong Kong subsidiary plans on using some of the Rmb2 billion ($325 million) RQFII quota it received in May to launch the ETF, which will track China’s benchmark index CSI 300 and start trading on July 8.
It marks the latest move under China’s Rmb200 billion RQFII programme, which has encouraged a n…
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