The Hong Kong unit of China Universal AM closes IPOs for its two ETFs today, having targeted buyers in Korea, Taiwan, Singapore and HK. It will list the funds in HK on May 12.
Tag : rqfii etf
The firm's Asia ex-Japan head, Li Ting, plans to list an RQFII ETF in Hong Kong this year, and potentially also on other exchanges. This comes after it received an RQFII licence.
Deutsche Asset & Wealth Management and Harvest Global Investments plan to list the exchange-traded fund in Europe, initially in London. January 16 is said to be the target date.
Deutsche Bank's funds arm and Harvest Global Investments are set to list the first overseas RQFII ETF this week, in what is seen as a breakthrough for the RQFII model. And others will follow suit.
The exchange-traded fund will track A and H-share stocks listed in Hong Kong, Shanghai and Shenzhen. E Fund is on a marketing mission with a target of raising Rmb4 billion.
Market sources say HuaAn, China Universal, Da Cheng International and Bosera all plan to launch RQFII ETFs with their new quotas.
