Chinese investors look set to benefit from easier access to US technology stocks with the launch on Wednesday of China’s first cross-border exchange traded fund tracking the Nasdaq 100 index.
Sponsored by Guotai Asset Management, and trading on the Shanghai stock exchange, the new ETF provides a new route for Chinese investors to the US stock markets.
Until now, investors in China have been able to access the US market through Qualified Domestic Institutional Investor (QDII) funds. However, most QDII funds follow active strategies and are cumbersome to trade, involving a lengthy redemption process.
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