PETALING JAYA: Value Partners Asset Management Malaysia Sdn Bhd has launched the VP-DJ Shariah China A-Shares 100 ETF, the world’s first A-share exchange-traded fund (ETF) that tracks the performance of the Dow Jones Islamic Market China A-Shares 100 Index.
The Shariah China A-Shares ETF adopts a full replication strategy, in which the ETF will hold every constituent of the benchmark index, having substantially the same weightings.The product is also Value Partners Malaysia’s first ETF to be listed on the local bourse.
Value Partners Malaysia is the wholly-owned subsidiary of Hong Kong-based Value Partners Group Ltd, which was co-founded by Datuk Seri Cheah Cheng Hye, (pic) who is the co-chairman and co-chief investment officer.
The Shariah China A-Shares ETF provides investors exposure to Shariah-compliant stocks within the China A-Shares equity universe.
With the quantitative criteria adopted by the benchmark index, the Shariah China A-Shares ETF provides investors with exposure to China’s new economy.
This allows them to participate in the country’s changing dynamics and positive growth trends of the economic structure as China moves toward focusing on becoming a consumption- and services-led economy.
China’s new economy includes companies in the technology, consumption, healthcare and 5G space.