The CGS Fullgoal CSI 1000 ETF constituents represent 13.1% of the total market value of all listed companies on the Shanghai and Shenzhen stock exchanges and 21.1% of market turnover.
The ETF will enable investors to tap into the growth of industries that are at the forefront of China’s innovation streak, says CGS-CIMB Securities deputy group CEO and co-group CFO Chan Yuen May.
“Beyond a strong economy, vast consumer market and government support; China's technological advancements; infrastructure development; and access to global supply chains further enhance its appeal as an investment destination,” she adds.
Meanwhile, Fullgoal Fund Management CIO Li Xiaowei says she is confident that the two firms’ combined expertise coupled with China’s focus on infrastructure development and technological innovation makes the ETF an excellent investment opportunity for those seeking favourable returns.
See also: Nikko AM plans launch of Amova MSCI AC Asia ex Japan ex China Index ETF
