China’s two main stock exchanges in Shanghai and Shenzhen and the Japan Exchange have added new exchange traded funds and vowed to expand the product types included in their joint ETF Connectivity scheme, which has struggled to gain momentum after it was launched 18 months ago.
The Japan Exchange Group on Tuesday gave the green light to two new ETFs managed by Daiwa Asset Management that are set to be listed on the Tokyo Stock Exchange on April 8, according to an official announcement.
The approval of the iFreeETF China STAR50 and iFreeETF China GBA100 form part of efforts to broaden the Japan-China ETF Connectivity scheme, the Japan exchange group said.
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