Overview
Description
The ICBC CSOP FTSE China Government and Policy Bank Bond Index ETF is an exchange-traded fund designed to provide investors with direct access to China's sovereign debt market. The primary function of the ETF is to track the performance of the FTSE China Government and Policy Bank Bond Index, which comprises bonds issued by the Chinese central government and major policy banks such as the Agricultural Development Bank of China, China Development Bank, and the Export-Import Bank of China. This ETF offers diversification in the fixed income space, appealing to investors seeking exposure to the Chinese bond market's stability and potential yield benefits. Its role in the financial market is to facilitate investment flows into China's burgeoning debt market, providing an efficient and scalable means for both retail and institutional investors to partake in China's economic development through fixed income instruments. The ETF plays a crucial role by enhancing liquidity and price transparency while broadening investment access to a non-domestic investor base looking to hedge or diversify portfolio holdings with Chinese sovereign and policy bank bonds.
About
Instrument type
Common stock
Sector
Industry
Country
Hong Kong
MIC code
XHKG