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Chinese giant launches smart beta Japan Ucits ETF

Chinese giant launches smart beta Japan Ucits ETF

A subsidiary of China Post & Capital Global Asset Management Limited has launched a Japan-focused Ucits ETF, the company has announced.

The Market Access Japan Quality 150 Index Ucits ETF is overseen by China Post Global and will aim to replicate the performance of the iSTOXX MUTB Japan Quality 150 Index.

The index screens the STOXX Japan 600 index for quality companies demonstrating high profitability, low leverage and sustainable cash flow.

It was developed by STOXX Ltd together with Mitsubishi UFJ Trust and Banking, the leading Japanese trust bank.

Focusing on quality Japanese stocks, China Post Global said the quality-factor approach to the Japanese equity market is well suited to investors looking to capitalise on the positive developments in the country’s economy, and the ongoing stimulus and reform programme of Prime Minister Shinzo Abe.

The ETF will be listed on the Deutsche Borse and the SIX Swiss Exchange. It is registered in Austria, Germany, Italy, the Netherlands, Switzerland and the UK.

The launch is set to be followed by two Chinese equity smart beta ETFs coming to market later this year.

Commenting on the launch, managing director of China Post Global, Danny Dolan, said: ‘We have been able to draw on the local expertise of MUTB and the index construction capabilities of STOXX to develop a product that we feel really adds value for investors and responds to their needs.

'The securing of €26 million from seed investors reflects the very positive response to this new ETF.’

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