Since May 30, AsianInvestor has published explanations of why the winners of its marquee Asset Management Awards scooped their prizes (see below for the links). These were presented at a celebratory dinner on May 29 (click here for a gallery of photos).
We will feature a detailed write-up on all our award winners in the forthcoming June edition of AsianInvestor magazine.
Best ETF manager
CSOP Asset Management
We recognise CSOP for this award on the basis of its ground-breaking product strategy and its continued development as a specialist player in international markets.
In 2015, CSOP launched the first internet sector-themed exchange-traded fund focused on China and the US; the first ChiNext ETF, which quickly became one of the most popular Hong Kong-listed funds; and the first smart beta ETF focused on the trading arbitrage between A and H shares. It also launched these products into the US market.
By the end of the year, the CSOP FTSE China A50 ETF was the largest RQFII ETF globally with almost $3 billion of assets under management, accounting for 58% of the market. The fund was also the most actively traded ETF in the Hong Kong Exchange. In March 2015 it listed in the New York Stock Exchange.
CSOP’s handling of the market turmoil in China was also impressive. Its close attention to liquidity and operational risk ensured its A50 ETF retained a tracking error that was the best of its 37-fund peer group.
The firm also introduced fixed income ETFs, and was one of the largest players in the Hong Kong-Shanghai Stock Connect scheme, with some 60% of A50 ETF turnover fulfilled via the trading link.
A diversified client base including insurance, endowments, pension funds, third-party asset managers, family office and hedge funds from across the region. CSOP ETF-linked investment products are now available in Japan, Korea, Thailand and Taiwan.
The other marquee winners highlighted so far:
UOB Asset Management Malaysia: Institutional Product/Strategy