DeAWM launches China A-shares small-cap ETF

May 21st, 2014 | By | Category: Equities

Deutsche Asset & Wealth Management (DeAWM) has announced the launch of the db X-trackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS), the first US-listed exchange-traded fund to provide investors with direct access to small-cap China A-shares equities.

DeAWM launches China A-shares small-cap ETF on NYSE Arca

Jerry Miller, Head of DeAWM in the Americas.

DeAWM has once again partnered with Hong Kong-based Harvest Global Investments to launch this new fund, which features an expense ratio of 0.82%.

“Deutsche Asset & Wealth Management continues to break ground with its passive offerings, as evidenced by the latest ETF to provide access to a new and attractive segment of the Chinese equity market,” said Jerry Miller, Head of DeAWM in the Americas. “We are committed to utilizing our unique global capabilities to anticipate and offer solutions that meet current and future investor demand.”

The launch of ASHS, which has been listed on the NYSE Arca, further expands DeAWM’s suite of ETFs that offer direct physical access to Chinese equities. In November 2013, the firm launched the db X-trackers Harvest CSI 300 China A-Shares ETF (ASHR), which was the first US-listed ETF to provide investors direct equity exposure to the China A-shares market. Most recently, it launched the db X-trackers Harvest MSCI All China Equity ETF (CN), the first ETF to provide investors with broad exposure to onshore and offshore Chinese equities through a single fund.

Choy Peng Wah, Chief Executive of Harvest Global Investments, said, “This new product provides investors with another option to get exposure to China’s dynamic and fast-growing economy.”

The fund seeks to track the CSI 500 Index, which holds 500 small-cap companies listed on the Shanghai and Shenzhen stock exchanges. To be considered for inclusion in the index, securities must meet minimum liquidity requirements.

“ASHS builds off the success of ASHR and provides distinct yet complementary access to the China A-shares market,” said Fiona Bassett, Head of DeAWM’s Passive business in the Americas. “Together, ASHS and ASHR allow investors to access the large and small-cap segments of a market in which foreign investment had historically been limited.”

DeAWM’s US exchange-traded products platform has approximately $11 billion in assets under management as of December 31, 2013. The firm’s global ETP platform, launched in 2006, has grown to become the world’s fifth largest, with approximately $63 billion in assets under management as of December 31, 2013.

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