Market Access has launched the Market Access Stoxx China A Minimum Variance Index UCITS ETF – EUR Share Class on Xetra and Börse Frankfurt.
The firm writes that the smart beta ETF enables investors for the first time to participate in the performance of a portfolio of Chinese stock corporations with low variance.
The benchmark index contains renminbi-denominated company shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange (A-shares). Selection and weighting of the index components are aimed at reducing the risk or volatility of the benchmark index. The weighting of each index component is capped at 8 per cent.
Ongoing charges per annum on the ETF are 0.65 per cent and the distribution policy is accumulating.