Ping An issues three new ETFs
Ping An of China Asset Management Hong Kong (PAAMC HK) is launching three ETFs: the Ping An of China CSI HK Dividend ETF, Ping An of China CSI RAFI HK 50 ETF and Ping An of China CSI HK Mid Cap Select. The three physical ETFs track 180 stocks in a number of sectors.
The firm says that the mid cap and dividend ETFs being listed are the first in Hong Kong. According to Timothy Chan, deputy chief investment officer at Ping An group and chairman of PAAMC HK, the firm is seeing opportunities in China and Hong Kong. “Investors’ knowledge and enthusiasm in ETF investment have gradually enhanced in recent years and we think now is the best time to launch these funds.”