Last updated: 11:47 / Monday, 5 May 2014
US-listed

DeAWM Launches the First ETF to Provide Broad Access to the Available Chinese Equity Market

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DeAWM Launches the First ETF to Provide Broad Access to the Available Chinese Equity Market
  • Launches db X-trackers Harvest MSCI All China Equity Fund
  • Direct access to China A, B and H-shares, Red Chips, P-Chips, ADRs and securities of Chinese companies listed in the US and Singapore
  • It is DeAWM’s second ETF to provide US investors with access to Chinese securities

Deutsche Asset & Wealth Management (DeAWM) announces the launch of the db X-trackers Harvest MSCI All China Equity Fund (NYSE ticker: CN), the first US-listed exchange-traded fund (ETF) to provide investors with broad exposure to onshore and offshore Chinese equities through a single ETF. CN will offer direct access to highly coveted China A-shares in addition to China B-shares, China H-shares, China Red Chips, China P-Chips, China ADRs, and securities of Chinese companies listed in the US and Singapore.

“Deutsche Bank’s strong relationships across Asia are key building blocks for our Americas business,” said Jerry W. Miller, Head of Asset & Wealth Management Americas. “We remain committed to offering our clients extensive access to previously untapped markets through a wide range of exchange-traded products.”

CN is DeAWM’s second ETF to provide US investors with access to Chinese securities. In November 2013, DeAWM collaborated with Harvest Global Investments Limited to launch db X-trackers Harvest CSI 300 China A-Shares Fund (NYSE ticker: ASHR), becoming the first US ETF issuer to bring investors direct access to A-Share securities—Chinese companies that trade in mainland China.

“The launch of CN now provides investors with the most comprehensive exposure to China by investing across the spectrum of Chinese securities. This innovative product showcases Deutsche Bank’s ability to build upon our recent successes while leveraging our unique global capabilities,” said Fiona Bassett, Head of Deutsche Asset & Wealth Management’s Passive business in the Americas.

CN will seek to track the MSCI All China Index, which captures large- and mid-cap Chinese securities listed in China and Hong Kong, as well as in the US and Singapore, and which currently has 612 constituents.

“We are proud to be further expanding our relationship with MSCI, the leading provider of benchmark indices in the international equity space,” said Martin Kremenstein, US Head of ETPs for Deutsche Asset and Wealth Management.

Deutsche Asset & Wealth Management’s US exchange-traded products (ETP) platform has approximately $11 billion in assets under management as of December 31, 2013. The firm’s global ETP platform, launched in 2006, has grown to become the world’s fifth largest, with approximately $63 billion in assets under management as of December 31, 2013.

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