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Thursday, November 07, 2013

Fundsters Enter China in Style

News summary by MFWire's editors

It's sort of like when Nixon finally made it to China.

Barron's reports that Deutsche Wealth & Asset Management db X-trackers Harvest CSI 300 China A-Shares Fund will launch with some $108 million in investor assets when it debuts this morning on NYSE Arca. 

According to Barron's, Deutsche says this would make the largest cash pile for any new equity ETF since 2007. Goldman Sachs is the market maker for the ETF, according to Deutsche.

The publication also looked at KraneShares entrance into China A Shares as well. 

Correction: A prior version of this story listed the wrong fund family as offering the new ETF.

Edited by: Tommy Fernandez


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