CSOP relaunches China fixed income ETF

ETFsCSOP Asset Management has relaunched its first fixed income ETF in order to capitalise on the growing interest in China’s onshore market. The fund, CSOP Bloomberg China Treasury + Policy Bank Bond Index ETF, has ICBC Asset Management as its discretionary advisor, and has seen it assets under management surpass RMB5 billion (US$785 million) as a result of the move. The investment objective, strategy and trading lot size will remain unaffected. “The significance of China onshore market has become too important to ignore,” states CSOP. China’s bond market has become second largest in the world, just behind the US with $18 trillion in assets. But while foreign investment into the market has increased to $580 billion, a fivefold increase since 2015, it still only represents less than 3% of the total market, implying “severe underinvestment by global institutions” states CSOP. The relaunch of the ETF is also in anticipation of the inclusion of Chinese onshore bonds in the three major global fixed income indices, a move expected to attract $320 billion of inflow in aggregation. ©2021 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.