UBS and Barclays buck trend with substantial China ETF bets

October 19, 2023--Both banks are top backers of a China-domiciled financials exchange traded funds launch
Barclays Bank and UBS have been named among the biggest investors in two newly launched exchange traded funds in China, at a time when many foreign investors continue to shun Chinese stocks.

China Asset Management, one of the country's largest public fund houses, announced on October 11 that its new ChinaAMC CSI Hong Kong Connect Mainland Financials ETF listed on the Shanghai Stock Exchange after raising Rmb209mn ($28.6mn) in initial assets.