Phillip Capital, China Universal debut China ETF on SGX
It had a launch size of $69m
Exchange-traded funds (ETFs) that track China equities in the Singapore Exchange have risen to 10 with the addition of Phillip-China Universal MSCI China A 50 Connect ETF.
The 10 ETFs have a combined asset under management of more than $2.1b.
With a launch size of $69m, Phillip-China Universal MSCI China A 50 Connect ETF became the largest ETF that tracks the MSCI China A 50 Connect Index across APAC exchanges outside of China.
A feeder fund, the Phillip-China Universal MSCI China A 50 Connect ETF invests at least 90% of its Net Asset Value (NAV) in the CUAM MSCI China A 50 Connect ETF, which is listed on the Shanghai Stock Exchange.
It also tracks the MSCI China A 50 Connect Index by investing in stocks that are constituents of the Index.
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