To stay attuned to Chinas evolving market landscape and provide investors with broader opportunities, UOBAM is enhancing the ETFs investment scope. The ETF previously tracked the SSE 50 Index, which was limited to stocks listed on the Shanghai Stock Exchange. The ETF will now transition to a new benchmark, expanding its coverage to include both the Shanghai and Shenzhen-listed A-shares. This enhancement ensures a more comprehensive representation of Chinas capital markets by encompassing the 50 largest and most liquid A-shares across both exchanges.
UOB Asset Management Ltd (UOBAM) has switched the United Shanghai Stock Exchange (SSE) 50 China Exchange-Traded Fund (ETF)s Index to track the FTSE China A50 Index from today. Consequently, the ETF will be renamed to UOBAM FTSE China A50 Index ETF to reflect the change of index and investment objective.
Since its listing on the Singapore Stock Exchange (SGX) on Nov 26, 2009, the United SSE 50 China ETF has played a pivotal role as Singapores first China A-shares ETF in Singapore and provided investors with access to China onshore equity market - well ahead of the establishment of the Shanghai-Hong Kong Stock Connect in 2014. The ETF was also the first China A-shares ETF denominated and traded in Singapore Dollars.
