Italy’s Azimut and China Universal team up on Abu Dhabi ETF link

Quick Summary:

Announced in late 2021 to connect ETFs in the Singapore and Shenzhen bourses, the cross-listing programme was expanded in 2023 to cover the Shanghai exchange.

In turn, China Universal AM will roll out an ETF to be listed on the Shanghai bourse that will feed into a separate Abu Dhabi-listed ETF that Azimut plans to launch.

Although only seven ETFs had been launched in the scheme by the end of November, amid difficulties in reaching commercial agreements between fund firms and a weak Chinese market that slowed product pipelines, industry participants expected new product launches to pick up in 2025.

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Article Details

Author / Journalist: Roxanne Liu

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong KongItalyQatarSaudi ArabiaSingaporeUnited Arab Emirates

Topics: Fund Shanghai Financial Listed China Launch Management Azimut Etfs Asset Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 05:00:18 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Financial Times

News ID: 24544477

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