UOB Asset Management has just announced their partnership with Chinese joint venture partner, Ping An Fund Management, to launch a master-feeder ETF. The UOBAM Ping An ChiNext ETF plans to feed into the Ping An ChiNext ETF which follows the Shenzhen Stock Exchange’s ChiNext index of the 100 largest A-shares. The launch comes at a time of volatility for China A-shares as a direct result of their zero-Covid policy and sector regulations. The new fund is available for trade on the both the Singapore and Shenzhen stock exchanges.
The new ETF looks to give investors access to high-growth areas such as clean energy and biotechnology.