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.
ETF Newz Says:
The new ETF looks to give investors access to high-growth areas such as clean energy and biotechnology.