Asset owners snap up HKD counters of RQFII funds
Global investors drive trading volumes after two Chinese fund houses introduce long-awaited HK dollar trading counters for their respective RQFII exchange-traded funds.
Global institutional investors piled into RQFII exchange-traded funds late last week after two Chinese fund houses added long-awaited Hong Kong trading counters to their offerings.
CSOP and E Fund Management introduced the counter to their A50 and CSI 100 renminbi-denominated qualified foreign institutional investor ETFs last Thursday and Friday, respectively.
Previously these physically backed A-share ETFs were only quoted and traded in RMB. Now the dual-counter model allows in…
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