ETFs have been gathering assets worldwide at the expensive of actively-managed funds. Asia has been slower to embrace ETFs, with about $979bn compared to global ETF assets of $5.2trn, according to ETFGI.
However, with global momentum and the promise of “ETF Connect” on the horizon, the passive products are gaining some regional momentum.
This week’s head-to-head is a little different. FSA compares seven ETFs that all track the same mainland index – the CSI 300.
Because they are passive products, differences among the products should not be great. However, FSA has found that there are clear winners and losers among index trackers following the same benchmark index and based on tracking error, fees and three-year performance.
FSA compares the following ETFs tracking the CSI 300 index:
- BOC HK Wise CSI 300 China Tracker ETF (HKD)
- C Shres CSI 300 Index ETF (RMB)
- ChinaAMC CSI 300 Index ETF (RMB)
- DB X-Trackers CSI 300 Ucits ETF (USD)
- Haitong CSI 300 Index ETF (HKD)
- iShares Core CSI 300 Index ETF (HKD)
- Mirae Asset Horizons CSI 300 ETF (RMB)