Bringing you live news and features since 2006 

Hedge fund index

BNY Mellon to provide fund services to db X-trackers Harvest CSI 300 China A-Shares Fund


BNY Mellon has been named to support the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) by providing custody, fund accounting, administration, and transfer agency services.

The fund, launched on NYSE Euronext on 6 November, is the first Renminbi Qualified Foreign Institutional Investor (RQFII) exchanged-traded fund available to US investors to invest in physical Chinese equities listed on the Shanghai and Shenzhen exchanges.
“This expands our relationship with BNY Mellon, which is the primary service provider to Deutsche Bank’s ETF business in the US, which now encompasses 27 funds,” says Martin Kremenstein, head of passive asset management Americas for Deutsche Asset and Wealth Management. “BNY Mellon has the expertise and resources to help us quickly launch innovative and complex new funds that can provide investors with a range of choices among asset classes.”
“This is another example of BNY Mellon’s ability to help bring to market a pioneering product,” says Joseph F Keenan, managing director, BNY Mellon, and head of the global ETF services business. “Until now, most Chinese ETFs have been limited to providing exposure to Hong Kong equities. This expands the opportunities available to investors and enables them to gain direct exposure to the stocks of companies trading on the Shanghai and Shenzhen exchanges.”
BNY Mellon serves as custodian, record keeper or administrator for approximately half of all US listed ETFs across a broad range of asset classes.

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by