First ETF to track China A-shares launched in Europe

LONDON Thu Jan 9, 2014 6:30am EST

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LONDON Jan 9 (Reuters) - Exchange-traded fund provider Source has launched the first physically backed ETF to track China's A-shares market in Europe, it said on Thursday.

The ETF, launched in partnership with Hong Kong-based CSOP Asset Management, will trade on the London Stock Exchange and be open to both retail and institutional investors, it said in a statement.

Initial investment in the ETF totals $230 million, it added.

HSBC is acting as custodian bank for the fund.

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