Deutsche AWM increases creation limit for in-demand China A-Share ETF

Mar 2nd, 2015 | By | Category: ETF and Index News

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Deutsche Asset & Wealth Management (Deutsche AWM) has announced that the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (ASHR) will increase the number of creation units that it will accept from one creation to 25 creations per day.

Deutsche AWM increases creation limit for thriving China A-Share ETF

The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (ASHR) provides physical access to renminbi-denominated mainland China-listed stocks.

The fund, which launched on NYSE Arca in November 2013, today has approximately $1 billion in assets with an average daily volume of 1.2 million shares. This makes it the largest and most traded US-listed ETF offering direct physical access to China’s onshore equity market.

The fund is linked to the CSI 300 Index. This index is designed to reflect the price fluctuation and performance of the 300 largest and most liquid renminbi-denominated stocks listed on mainland China stock exchanges.

Last year, Deutsche AWM was forced to cap creations in the ETF three times as strong investor demand caused the fund to reach the limit of its Renminbi Qualified Foreign Institutional Investor (RQFII) quota.

Commenting on the expansion, Fiona Bassett, Head of Passive in the Americas for Deutsche AWM, said: “Significantly increasing the creations now allows more US investors to invest in the potential growth of the Chinese economy. This achievement reaffirms our Deutsche X-trackers platform’s commitment to meet the demands of investors by providing unique and innovative exchange traded products to the market.”

Deutsche AWM’s global exchange-traded products platform launched in 2006 and has grown to become the world’s fifth largest, with approximately USD 56.8 billion in assets under management as of December 31, 2014.

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