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DeAWM launches first US-listed ETF to provide access to small cap China A-shares equities

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Deutsche Asset & Wealth Management (DeAWM) has launched the db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund, the first US-listed exchange-traded fund providing direct access to small cap China A-shares equities.

DeAWM has once again partnered with sub-advisor Harvest Global Investments to launch the new product, which features an expense ratio of 0.82 per cent.
 
“Deutsche Asset & Wealth Management continues to break ground with its passive offerings, as evidenced by the latest ETF to provide access to a new and attractive segment of the Chinese equity market,” says Jerry Miller, head of DeAWM in the Americas. “We are committed to utilising our unique global capabilities to anticipate and offer solutions that meet current and future investor demand.”
 
The launch of ASHS expands DeAWM’s suite of ETFs that offer direct access to Chinese securities. In November 2013, DeAWM launched db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR), which was the first US-listed ETF to provide investors direct equity exposure to the China A-shares market. Most recently, DeAWM launched db X-trackers Harvest MSCI All China Equity Fund, the first ETF to provide investors with broad exposure to onshore and offshore Chinese equities through a single fund.
 
ASHS will seek to track the CSI 500 Index, which holds 500 small cap companies listed on the Shanghai and Shenzhen stock exchanges. To be considered for inclusion in the index, securities must meet minimum liquidity requirements.
 
“ASHS builds off the success of ASHR and provides distinct yet complementary access to the China A-shares market,” says Fiona Bassett, head of DeAWM’s passive business in the Americas. “Together, ASHS and ASHR allow investors to access the large and small cap segments of a market in which foreign investment had historically been limited.”

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