The Chinese fund ventures of Deutsche Bank and PineBridge Investments have received regulatory approval to launch China's first ETFs which track both Shanghai- and Shenzhen- listed stocks.
Date: Mar 30, 2012
The Chinese fund ventures of Deutsche Bank and PineBridge Investments have received regulatory approval to launch China's first ETFs which track both Shanghai- and Shenzhen- listed stocks.
According to news sources, the two new ETFs will be launched by Deutsche Bank and PineBridge Investments’ Chinese fund ventures, Harvest Fund Management Co and Huatai-PineBridge Fund Management Co.
Both ETFS will track the CSI300 Index of China’s 300 largest listed companies.
The newly-approved ETFs will provide foreign as well as domestic institutions with a more liquid tool to participate in the growth of the world’s second-largest economy.
