Axa SPDB Investment Managers will launch China’s fourth smart electric-car themed exchange traded fund just six months after the first came to the market as fund houses tap buoyant investor sentiment for assets that match the country’s carbon neutrality goals.
The listing of the Axa SPDB CSI Intelligent Electric Vehicles ETF comes after E Fund Management rolled out China’s first autonomous electric-vehicle focused ETF in April, and two more similar fund strategies were launched in July.
The new vehicle managed by the Sino-French fund joint venture between Shanghai Pudong Development Bank and Paris-based insurance group Axa has been listed on the Shanghai exchange, a regulatory filing shows.
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