Kimco launches A-share ETF in Korea
Korea Investment Management offers the first indigenous ETF tracking a mainland Chinese stock index.
Korea Exchange (KRX) will list Kindex CSI300 ETF on its exchange today. This ETF is the first China A-share index ETF to be created in Korea, and it will be managed by Korea Investment Management Company (Kimco). It has an underlying index of CSI300, tracking stocks on both the Shanghai and Shenzhen bourses.
Kimco received a $100 million QFII quota from Chinese authorities in July specifically for this product. In the event that foreigners are allowed to invest in index futures co…
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