CSOP asset management and Source lists China A shares ETF
Thursday 9th January 2014
Source – One of Europe’s leading Exchange Traded Product (ETP) providers, with over US$15 billion in assets under management and the second highest European ETP net new asset inflows in 2012. Since launch in April 2009, Source has focused on delivering incremental value to European ETP investors through a combination of enhanced indices, strong partnerships, improved structuring and active trading. Its range of 80 products gives investors the ability to gain exposure to equities, commodities, fixed income and alternative assets, through ETF and ETC structures with deep liquidity, increased transparency and reduced counterparty risk.
CSOP Asset Management - CSOP was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. It is the largest RMB Qualified Foreign Institutional Investor (“RQFII”) asset manager globally. As of 30 Nov 2013, CSOP had US$ 5.5 billion in assets under management. CSOP’s existing FTSE China A50 ETF (2822 HK), listed in Hong Kong, is the largest and most actively traded RQFII ETF, with assets of RMB 21 billion (as of December 2013).
Source and CSOP are the first to offer direct access to Chinese A shares via ETF in Europe. To mark the inaugural launch of this new ETF, CSOP CEO, Chen Ding and Source CEO, Ted Hood, opened trading at the London Stock Exchange in London this morning.
Ted Hood, Source CEO: “This ETF represents a milestone for European investors. It allows all investors – not just large institutions with their own investment quotas – to invest directly in one of the world’s most important equity markets. CSOP’s knowledge of the Chinese market and their experience managing RFQII ETFs allow us to offer an efficient, well-structured product.”
Chen Ding, CSOP CEO: “We are delighted to be partnering with Source to create a European ETF. There has been high demand for our Hong Kong-listed ETF and we expect similarly strong interest from Europe.”