Bringing you live news and features since 2006 


SSGA launches SPDR MSCI China A Shares IMI ETF


State Street Global Advisors (SSGA) has launched the SPDR MSCI China A Shares IMI ETF (XINA) began trading on the NYSE Arca. 

XINA offers investors access to A shares of companies incorporated in mainland China which represents approximately 51 per cent of the Chinese equity market1 and was available only to China-domiciled investors until recently. Unlike some China A shares ETF offerings that are managed through third-party sub-advisors, XINA will be managed directly by State Street Global Advisors Asia Limited, based in Hong Kong.

“Given that China is both the second largest economy and the second largest equity market in the world, we feel it’s important to have exposure in your portfolio,” says Michael Arone, chief investment strategist for State Street Global Advisors’ US intermediary business. “Broader exposure, with the benefits of diversification may be valuable in the long term as these market developments create potentially long-term investment opportunities for A shares even as short-term volatility may remain high.”

“As the Chinese market becomes more accessible to investors outside of China, clients have asked for an A shares ETF designed to track a broad-based and well known index,” says Nicholas Good, chief operating officer of the US intermediary business at SSGA. “While volatility in the A shares market has been elevated recently, the Chinese government has announced near-term policy actions to restore investor confidence and we believe that the domestic Chinese equity market will continue to emerge as a long term staple of investor portfolios.”

The SPDR MSCI China A Shares IMI ETF seeks to track the performance of the MSCI China A International IMI Index. The index captures large, mid and small cap representation of Chinese companies with A share listings on the Shanghai or Shenzhen Stock Exchanges. As of 30 September, 2015, the Index was comprised of 1795 constituents. Alternative exposures to the A share market, such as the CSI 300 index and the FTSE A 50 index, can potentially limit exposure to only large and midcap stocks. XINA has a gross and net expense ratio of 0.655 per cent.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
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

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
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...
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