New China ETFs Give Retail Investors Access to Soaring Tech

by birtanpublished on September 28, 2020

So heather uh really good timing in terms of market conditions and market interest in this sector at the moment so who will be buying these etfs morning yeah exactly um so these etfs are um they're aimed at investors retail

Investors in mainland china who currently have insufficient capital to buy stocks directly on the starboard so the starboard is as you remember the the tech the high-tech index of

Stock venue stock trading venue that was launched in shanghai um just over a year ago and individuals there are required to have a minimum 500 000 yard in their trading accounts which is

Quite inaccessible for a lot of people and etfs are these cheap investment vehicles that allow you to track the index and the fund providers will require just 1 000 yuan

Minimum investment for their product so it really makes it makes this venue more accessible to a much broader pool of investors in china it's it's a way to attract

More capital to the stock venue as well and of course sofia we're waiting for what could become the world's biggest ipo will the funds own and group yeah so they will they will be forced to buy um

Those shares so they won't participate in the ipo as such because the etf tracks the etfs will track the star 50 index and for the star 50 index which is um compris composed of the 50th

50 largest shares on the board um that index requires at least six months of trading history so we still have to wait um the the listing is expected as soon as late october so it will be quite a wait um before we do

Get ant financial ant group on that index but once it does uh get included and it almost certainly will it will force the etfs to to buy the shares to replicate the index directly so sophia when do we get a

Sense of the demand for the funds so the subscriptions open today um it will be today only for the four funds um we do uh we would get a sense of whether you know if the if the caps have been reached uh

In the middle of the day we could get a sense of whether demand has been a lot higher than expected if the funds stop subscriptions to spend subscriptions um we'll know

Uh the aum for the funds at the end of the day um but uh you know if they if they raise um if they raise the f the targeted amounts you know within hours and they'll have

To close subscriptions quite early on and we'll get a sense for demand mid-morning we should we should know

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