A new ETF comprising fast-growing China enterprises will be listed on SGX.
In an environment today where it has become increasingly difficult to invest, the attributes of an exchange-traded fund stand out: low fees, lower beta risk, diversified portfolio, and trading flexibility.
As a quick background, the ChiNext Market was inaugurated in Shenzhen on the 23rd of October 2009 and served as an important platform for innovative and fast-growing companies to raise funds in the capital market. It has over 1,100 companies today that are listed on the ChiNext Market which made up of many different sectors.
The UOBAM Ping An ChiNext ETF, newly launched by UOB Asset Management, seeks to replicate the performance of the ChiNext Index as closely as possible, by investing all or substantially all of the Fund’s assets into the Ping An ChiNext ETF. The ChiNext Index selects the 100 largest and most liquid A-shares listed on the ChiNext Market and it rebalances semi-annually to ensure adherence to its objective....