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The KRX has listed TIGER China ETF on October 21.
Product Summary
| Index tracked Original listing amount (E)* | Hang Seng Mainland 25 (HSML 25 | ||
| KRW 11 bi | Issue price per unit (E)* | KRW 10,990 | |
| Authorized participants | Dae Woo Securities, Mirae Asset, Eugene Investment & Securities | ||
| Liquidity provider | Mirae Asset, Eugene Investment & Securities | Trustee | KB kookmin Bank |
Mirae Asset TIGER China ETF to be operated by the Mirae Asset MAPS tracks Hang Seng Mainland 25 composed of 25 Chinese stocks (H shares, R shares and others) listed on the Hong Kong Exchanges & Clearing, including China Mobile.
- H shares : Stocks of state owned companies or the companies of which the state owns more than 30% of their equity shares, which are listed in both the main land China and Hong Kong
- R shares : Stocks of state owned companies or the companies of which the state owns over 30% of their equity shares, which are listed only in Hong Kong
After listing TIGER China ETF, there are 6 overseas indices ETFs listed on the KRX, thus making total number of listed ETFs 45.
TIGER China ETF is the first ETF tracking HSML 25 Index.
* There are 3 ETFs tracking HSCEI Index in the world.
As the constituents of HSML 25 Index include both the H shares and R shares, including the key Chinese company ‘China Mobile’, it is expected that the price will be stable due to its well diversified portfolio.
In view of such factors as the real-time transaction, low cost and trading convenience, particularly when compared with the China equity funds, it is expected that the investors will find TIGER China ETF and attractive investment instrument.
