London Stock Exchange welcomes Fullgoal Asset Management
London Stock Exchange welcomes Fullgoal Asset Management (HK) Limited (“Fullgoal Asset Management”), to mark the listing of Fullgoal FTSE China Onshore Sovereign and Policy bank Bond 1-10 Year Index ETF (Ticker: RMB3 LN). Fullgoal Asset Management is the 1st Chinese asset manager to list an ETF on London Stock Exchange.
This ETF tracks FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index developed to reflect the performance of bonds denominated in RMB (CNY), issued by Chinese Government and the 3 policy banks. The ETF is incorporated in Luxembourg and has primary listing on Bourse de Luxembourg and secondary listing on London Stock Exchange and Borsa Italiana. The ETF has share class A (in RMB) joining the London Stock Exchange main market as secondary listing ordinary share.
Michael Chow, Head of International Business and Managing Director at Fullgoal Asset Management commented, “We are delighted to be the 1st Chinese asset manager to list an ETF on London Stock Exchange. Chinese onshore fixed income market is the world’s third-largest bond market. Our fund provides an avenue for overseas investors to access an otherwise not easily accessible market. We believe that, over time, RMB fixed income will become an essential asset class for global investors.”
Fullgoal Asset Management is a wholly-owned subsidiary of Fullgoal Fund Management Co. Ltd (“Fullgoal”). As of December 31, 2015, Fullgoal and its subsidiaries had over RMB 337 billion (USD 51.89 billion . Fullgoal manages investments for a wide range of clients, including financial institutions, corporations, family offices, pension and retirement funds (public and private), retail banks, insurance companies and high-net-worth individuals. Fullgoal ranked 5th by total assets under management among fund management companies in China. Fullgoal Asset Management offers asset management products and solutions across a variety of asset classes and strategies for its investors.