BOCI-Prudential Asset Management has launched the Wise SSE China tracker, an ETF designed to track the performance of the SSE 50 index, which comprises 50 constituent A-shares listed on the Shanghai Stock Exchange.
The fund will not invest directly in A-shares but will invest in A-share access products (AXPs). An AXP is a derivative instrument linked to an A-share or a basket of A-shares. All AXPs are issued by KBC Investments Cayman Islands (KBCIC). The fund therefore has a counterparty exposure