Bats Exchange has welcomed the iShares MSCI China A ETF (CNYA) , which began trading today on the Bats ETF Marketplace.
The fund, the 42nd iShares product to list on Bats, seeks to track the investment results of an index composed of domestic Chinese equities that trade on the Shanghai or Shenzhen Stock Exchanges.
Foreign investment in A-shares is permitted principally through regulations in the People’s Republic of China known as the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems.
The Underlying Index applies eligibility criteria for the MSCI Global Investable Market Indexes, along with MSCI’s investability and minimum size criteria for emerging markets.
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The Underlying Index is weighted by each issuer’s free float-adjusted market capitalization available to foreign investors and may include large- or mid-capitalization companies. Components primarily include consumer discretionary, financials and industrials companies.
The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. The fund comes with an expense ratio of 0.65%.
For more information on new fund products, visit our new ETFs category.