Industry Updates

GF International closes only European-listed ETF

Tom Eckett

a metal padlock on a green metal gate

GF International Asset Management has shut trading on its only ETF listed in Europe spelling an end to the Chinese asset manager's ETF push in the region.

The GF International FTSE China A UCITS ETF (PRCE) was the first ETF to be launched by a Europe-based Chinese asset manager.

PRCE was unveiled in January 2017, however, the ETF failed to capture any significant assets despite being the first ETF to track the FTSE China A index in Europe.

GF International is the subsidiary of GF Fund Management, a Chinese asset manager that has managed funds since 2003.

ETF Insight: Political issues overshadow MSCI’s A-Shares inclusion

The largest ETF in Europe that tracks the A-Shares market is the iShares MSCI China A UCITS ETF (CNYA) with $720m assets under management (AUM).

In February, UBS Asset Management became the latest issuer to offer investors exposure to the region through the UBS ETF MSCI China A SF UCITS ETF (CNUA).

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