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Phillip Capital Management partners China Universal Asset Management to launch mainland-linked ETF

Khairani Afifi Noordin
·2-min read

The ETF seeks to replicate the performance of the MSCI China A 50 Connect Index.

Phillip Capital Management has partnered with China Universal Asset Management (CUAM) to launch the Phillip-China Universal MSCI China A 50 Connect exchange-traded fund (ETF).

The product will be listed on the Singapore Exchange S68 (SGX) on March 20, with the initial offering period from March 4 to March 14.

This is in alignment with the establishment of an ETF Product Link between the SGX and the Shanghai Stock Exchange (SSE) last year, aimed at enhancing connectivity between Singapore and China through a master-feeder fund model.

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The Phillip-China Universal MSCI China A 50 Connect ETF allows investors to gain exposure to China’s mainland equity market without the complexity of directly purchasing individual stocks,

The feeder ETF primarily holds the mainland-listed master ETF managed by CUAM, seeking to replicate the performance of the MSCI China A Connect Index listed on the SSE.

The 50 stocks in the index include the likes of electric car maker BYD, tech hardware maker Foxconn Industrial Internet and electric vehicle battery maker Contemporary Amperex Technology.

The fund boasts a competitive fee structure of 0.01% for the feeder ETF. Managed by Phillip Capital Management with BNP Paribas serving as its custodian and administrator, the ETF is supported by Phillip Securities as the designated market makers with Futu Holdings and Phillip Securities as the participating dealers.

The growth of Chinese assets is still outstanding from a global perspective, says CUAM CEO Herbert Zhang. “The long-term investment value of China’s capital market is worth looking forward to,” he adds.

Phillip Capital Management CEO Linus Lim says the ETF will be a cornerstone product for investors looking to diversify their portfolios with robust and promising Chinese equities. “This product is a culmination of our commitment to integrating global market opportunities with local expertise."

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