UOB Asset Management has teamed up with its Chinese joint venture partner Ping An Fund Management to roll out the first master-feeder exchange traded fund operating between the Singapore and Shenzhen stock exchanges.
The launch comes amid persistent volatility and plunging valuations in the China A-shares market this year, as a result of China’s strict zero-Covid policy and regulatory clampdowns in technology, property and other sectors.
The Singapore-listed UOBAM Ping An ChiNext ETF feeds into the Ping An ChiNext ETF, a Shenzhen-listed ETF that tracks the Shenzhen Stock Exchange’s Nasdaq-style ChiNext index, a compilation of the top 100 largest and most liquid A-shares on the tech-heavy bourse that is usually restricted to mainland Chinese and foreign professional and institutional investors.