Hong Kong Robotics

Hong Kong

Ping An lists robotics ETF

Chinese finance giant and perhaps the world’s largest insurer Ping An is listing a new robotics and AI ETF for Hong Kong. The Ping An Nasdaq AI and Robotics ETF (3023) will track the Nasdaq CTA Artificial Intelligence and Robotics Index, which is the same index that First Trust tracks on its ROBT product in the US. We are unsure why Ping An chose this index rather than the ROBO Global and Indxx ones. It may relate to performance, although there is only 9 months of live performance data available.

The fund will charge 1.09%, which is a lot for a Hong Kong ETF.

 

London

BlackRock EM value

BlackRock is bringing its emerging markets value factor ETF to the UK.  The iShares Edge MSCI EM Value Factor UCITS ETF (EMVL) is part of iShares ‘Edge’ line of products, which provide more hardcore factor exposure than its non-Edge line, which are largely closet trackers (See this article.)

 

EMVL will charge 0.40%.

 

Chinese ETFs get liquidated

 

It’s not usual for us to write about de-listings, although the number of ETFs globally getting delisted is increasing. Today, here are a sample of some of the Chinese ETFs that have been pulled.

 

ChinaAMC liquidates materials and energy sector ETFs

China AMC, one of China’s largest asset managers, has pulled two China sector ETF that looks at the Chinese materials and energy sectors. The

  • ChinaAMC SSE Materials ETF Index Sponsor Fund (510620)
  • ChinaAMC SSE Energy ETF Index Sponsor Fund (510610)

The latter tracked the Chinese energy sector. Given that China and energy are both dipping at the moment, buying in would have been a deep value bet.

 

Chinese real estate ETF liquidated

The empty skyscrapers, white elephant malls, skyrocketing provincial debt, seem to have got to investors with this one. Huaan Fund Management has pulled its Chinese real estate sector ETF. The HuaAn CSI Real Estate Segment Index ETF (512110) tracked the CSI Real Estate Segment Index, which is made of real estate companies in the CSI All Share Index. (index here).

 

Further reading on Chinese real estate available here.