The db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) has been approved for registration by the Comisión Calificadora de Riesgo (CCR) for distribution among Chilean pension funds.
Administradoras de Fondos de Pensiones (AFPs) can now use the fund as a registered investment instrument, in order to offer plan participants direct equity exposure to the China A-shares market.
ASHR is the first direct investment in China A-shares to be registered in Chile and listed on the NYSE, so that the fund trades in local time.
“The recent approval of ASHR by the Chilean pension commission is further validation of the interest in the fund’s innovative exposure, and we believe it will complement our current product suite in Chile,” says Fiona Bassett, head of Deutsche Asset & Wealth Management’s passive business in the Americas. “As the provider of the largest suite of ETFs offering direct access to previously untapped Chinese securities, we are dedicated to offering both domestic and international investors access to one of the most coveted global investment opportunities.”
When it launched in November 2013, ASHR was the first US-listed exchange-traded fund (ETF) to provide investors with a physical replication of the unique China A-shares market. Since then, DeAWM has added the 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, and most recently, db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (ASHS), the first US-listed ETF to provide investors with direct access to small cap China A-shares equities.
DeAWM partnered with sub-advisor Harvest Global Investments to launch both ASHR and ASHS.