CSOP cites RQFII shortage for delayed ETF launch

CSOP Asset Management delayed its US listing of an ETF by months because of an RQFII quota shortage, the fund manager has revealed to AsianInvestor. The firm finally became the first Chinese manager to independently list an exchange-traded fund in the US last week, after earlier declaring it would launch in June 2014, as reported. The Hong Kong-based fund house, a subsidiary of China Southern Asset Management, said it made the move without a partner because of the importance wit…