GF International FTSE China A UCITS Launch of First Chinese A-Share ETF on LSE (9610T)
12 Gennaio 2017 - 12:30PM
UK Regulatory
TIDMPRCE
RNS Number : 9610T
GF International FTSE China A UCITS
12 January 2017
GF International launches Chinese A-Share ETF
on London Stock Exchange
* First ETF launched by Chinese asset manager based in Europe
*
London, January 12(th) 2017: GF International Asset Management
(UK) ("GF International"), the European division of GF Fund
Management, the Chinese fund management company, has today
announced the launch of its first fund product, the GF
International-FTSE China A UCITS ETF. The ETF (exchange-traded
fund) is listed today on the London Stock Exchange.
The ETF tracks the FTSE China A index, a well-diversified market
capitalisation-weighted index offered by FTSE Russell that invests
in China A-shares.
As of October 31(st) 2016 the index included 779 company shares
traded on the Shanghai and Shenzhen stock markets. It is the first
ETF to use the FTSE China A Index, which is the sub-index most
likely to be included in the broad-based FTSE Emerging Market Index
when the expected Chinese market inclusion decision is made.
Mr Chuanhui Lin, CEO of GF Fund Management, announcing the
launch, said, "We are delighted to be able to offer our unequalled
Chinese investment expertise to international investors via our
first fund available on the London Stock Exchange. This is an
opportune time for both investors and GF to bring this fund to the
international market."
Mr Miller Guo, CEO of GF International, added, "China is the
world's second largest capital market and offers international
investors rich opportunities. The first GF International ETF is a
sound, transparent way to access those opportunities across a wide
range of industry sectors in China."
This ETF is the first investment product launched by a
Europe-based Chinese asset manager. It gives investors access to
large and mid-cap equities on the Shanghai and Shenzen stock
exchanges in China via the Renminbi Qualified Foreign Institutional
Investor (RQFII) scheme.
GF International is responsible for both the ETF's investment
management and distribution, where other Chinese ETFs listed in
Europe are distributed via third parties or joint-venture
products.
The fund is the first of many China-focussed fund products to be
launched in Europe by GF International for global investors in the
near future.
- Ends -
For media enquiries regarding GF International (UK), please
contact:
Evan De Barra
E-mail edb@debarracomms.com
Tel +44 7807 954 263
Notes to editors:
About GF Fund Management and GF International Asset Management
(UK)
GF International Asset Management UK ("GF International") is the
European subsidiary of GF Fund Management ("GF FM") in China, and
the first wholly Chinese-owned asset manager established in
Europe.
GF Fund Management has managed mutual funds in China since 2003.
GFFM's total assets under management were over RMB 485 billion (USD
70.1 billion) by December 2016. GF Fund Management has been
consistently ranked as one of the largest fund managers in China
since 2006. It offers a diverse range of over 200 investment
products to Chinese investors, spanning equities, fixed income and
alternative assets, supported by a team of over 100 investment
professionals.
GF FM and GF International provide asset management and
investment advisory services. These services cover equity, fixed
income and mixed allocation asset classes. Clients include pension
funds, investment banks, private banks, asset management companies,
insurance companies, retail investors and their advisors. GF FM is
part of the Guangzhou-based GF Securities group, one of the largest
integrated securities brokerage firms in China that is listed in
Hong Kong and Shenzhen.
Our company is led by one of the most experienced and stable
management teams of large Chinese asset managers - which means our
corporate strategy and investment approach are long-term to help
investors achieve their investment objectives in China. The firm
takes a transparent, cooperative and long-term approach to managing
clients' assets.
GF International Asset Management (UK) Company Limited is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority.
The information contained in this press release is intended
primarily for journalists and should not be relied upon by private
investors or any other persons to make financial decisions.
Furthermore, the material contained herein is for informational
purposes only and should not be construed as an offer, or
solicitation of an offer, to buy or sell securities either
generally or in any jurisdiction where the offer or sale is not
permitted. Offers are made only by prospectus or other offering
materials and upon an investor meeting certain suitability
standards and any other applicable requirements as required by law.
While opinions stated are honestly held, they are not guarantees
and should not be relied on. Information or opinions provided
should not be taken as specific advice on the merits of any
investment decision. The value of investments, and the income from
them, may fall or rise and investors may get back less than they
invested.
For more information about GF International Asset Management,
please visit www.gffunds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 12, 2017 06:30 ET (11:30 GMT)
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