MSCI Inc (NYSE:MSCI), a leading provider of investment decision support tools worldwide, announced that Krane Funds Advisors LLC (KraneShares), a provider of China-focused exchange traded funds (ETFs), and Bosera Asset Management (Bosera), one of China's largest asset managers, have licensed the MSCI China A Index as the basis of a new ETF trading on the New York Stock Exchange.
“This will be the first NYSE-listed ETF tracking the MSCI China A Index, which provides the broadest exposure to the opportunities of the A shares market,” said Jonathan Krane, Chief Executive Officer of KraneShares.
Charles Wang, Bosera’s Chief Investment Officer, said, "The MSCI China A Index covers not only large cap but also mid cap stocks with significant index exposures to growth sectors such as consumer durables, consumer staples, healthcare and technologies. We look forward to working closely with KraneShares to offer the first MSCI-linked China A ETF for US investors."
“Recent developments in the Chinese domestic capital markets have had wide implications for investors globally and the MSCI China A Index represents broad access to the opportunity set in the region,” said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas. “We are pleased to be working with KraneShares and Bosera as they introduce this new MSCI index-linked ETF that will give US investors direct access to the China A shares market.”
In a 2013 report, Greenwich Associates named MSCI the “benchmark of choice” for international equity ETFs.¹ More than 600 ETFs are linked to MSCI indexes.²
¹ Greenwich Report “Institutional Investors’ Relationship with ETFs Deepens”, May 2013, Greenwich Associates
² As of December 31, 2013, as reported by Bloomberg