News

Chinese ETF derivatives launch in Europe

Great Wall of ChinaA German-Chinese joint venture has launched what it says are the first exchange-traded fund (ETF) derivatives based on underlying Chinese assets in Europe. The futures, available on the China Europe International Exchange (Ceinex), are based on the db x-trackers Harvest CSI300 Index ETF, which tracks the biggest 300 companies on the Shanghai and Shenzhen exchanges by market capitalisation. The futures are designed to allow investors to hedge their positions in Chinese mainland-listed equities, known as A-shares. “With this new product Ceinex is advancing its market offer to become a full-fledged securities and derivatives market place for offshore renminbi and China-related financial instruments,” said Chen Han, co-chief executive of Ceinex. Ceinex is a joint venture from Deutsche Börse, the Shanghai Stock Exchange and the China Financial Futures Exchange. Headquartered in Frankfurt, Ceinex is designed to be a European listing and trading centre for offshore-renminbi securities. The ETF derivatives were launched in cooperation with Eurex, Europe's largest derivatives exchange. “Launching this new product is the first step towards a broad China-related derivatives offering,” said Michael Peters, deputy chief executive of Eurex Frankfurt. “Currently, we are exploring further possibilities of financial derivatives based on China related underlyings.” ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.