Chinese funds launch ETFs to give retail investors access to tech stars
Chinese funds launch ETFs to give retail investors access to tech stars

Chinese funds launch ETFs to give retail investors access to tech stars

 

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China's largest fund management companies are launching exchange-traded funds (ETFs) to track Shanghai Stock Exchange's tech-focused Star Market, which will give retail investors exposure to the country's soaring technology companies.

China Asset Management, E Fund Management, Huatai-PineBridge Fund Management and ICBC Credit Suisse Asset Management received approval from the China Securities Regulatory Commission last Thursday for their respective of Star 50 ETF and feeder fund strategies, according to separate announcements made by the firms.

The ETFs will be the first to track the newly launched Science and Technology Innovation . . .

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