Yuanta JV plans Greater China ETF platform
After launching a fixed income mutual fund in China, Taiwan's Yuanta will roll out a more unusual cross-border ETF, a big step forward for China, Hong Kong and Taiwan.
Taiwan’s largest mutual fund house, Yuanta Securities Investment Trust, has partnered China Resources to set up a joint venture in Shenzhen and will launch a fixed income fund later this year.
China Resources Yuanta also intends to roll out a cross-border exchange-traded fund in late 2014 that will be traded in China, Hong Kong and Taiwan, says Julian Liu, president and CEO of Yuanta.
The cross-border fund will be part of a wider Greater China ETF platform, he adds, although not…
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