China’s second logistics-focused exchange traded fund debuted this week even as the country’s battle to curb the spread of the Omicron variant with strict lockdowns continues to stretch global supply chains.
Yinhua Fund Management’s CSI Modern Logistics ETF was listed on the Shanghai Stock Exchange on January 17 after raising Rmb269m ($42.4m) in initial assets, public records show.
The listing comes seven months after the country’s first such thematic product, Fullgoal Fund Management’s CSI Modern Logistics ETF, was launched in June last year with marginally bigger first-round subscriptions of Rmb281m.
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