According to Societe Generale SA's private bank, the first exchange traded fund on China's domestic stocks offered in the United States would lure investors to opportunities in the largest emerging economy in the world.
Other banks have followed suit, with Deutsche Bank AG's wealth management unit and Harvest Global Investments Ltd had opened trading another ETF that follows the movement of China's 300 largest corporations listed in both the Shanghai and Shenzhen stock exchanges. Harvest CSI 300's db X-trackers ETF had increased to USD24.80 per share yesterday.
In a phone interview held in Singapore earlier today, Societe Generale's private bank Regional Head for portfolio management solutions David Poh had said, "There are a lot more domestic companies that are listed in the A-shares market that we as foreign investors cannot touch. Some of them are really good companies listed in Shanghai and Shenzhen that are not listed in Hong Kong."
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