Bringing you live news and features since 2006 

China Flag

Market Vectors ChinaAMC A-Share ETF to release CGT reserve back to ETF

RELATED TOPICS​

Market Vectors ChinaAMC A-Share ETF (PEK) will release its capital gains tax (CGT) reserve back to PEK as of market close on 26 June 2014.

The reserve’s release will add USD0.07872 per share to PEK’s net asset value.
 
Effective on 26 June at market close, PEK will no longer reserve 10 per cent of its realised and unrealised gains from its A-Shares investments to meet any potential withholding tax liability that may be imposed by the People’s Republic of China, except with respect to realised and unrealised gains from PEK’s investments in A-Shares of land-rich enterprises, which are companies that have greater than 50 per cent of their assets in land or real properties in China.
 
If China’s government begins applying rules regarding taxation of income from A-Shares investments to Renminbi Qualified Foreign Institutional Investors and/or begins collecting capital gains taxes on such investments, PEK could be subject to withholding tax liability. The impact of any such tax liability on PEK’s return could be material.
 
PEK seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the CSI 300 Index. The index consists of 300 A-Share stocks listed on the Shenzen or Shanghai Stock Exchange.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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