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China: More ETFs likely for year ahead

Posted on 19 February 2013

The expected launch of exchange traded funds (ETFs) tied to commodities in China later this year will be a major milestone for the country’s capital market and one that will likely prove popular with investors, according to analysts. At present, there are 12 ETFs trading on the Shanghai Stock Exchange (SSE) with 40.8 billion yuan ($6.54 billion) in combined net assets, data from the exchange show.
According to analysts, China’s ETF market is set to become more diversified this year as new products, including bond-backed and gold-backed ETFs, are expected to make their debuts over the coming months. All of the ETFs currently trading on the Chinese mainland are tied to publicly-traded equities and stock indices…………………………………….Full Article: Source

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