Astana International Exchange presents new exchange-traded notes listed on the trading floor – iX China Equities BR with shares of iShares MSCI China A ETF as the underlying asset.
The issuer of the ETNs, which reflect the performance of major Chinese companies, is the special purpose company iX China Equities SPC Limited. Its only assets are shares of one of the largest exchange-traded investment funds, the iShares MSCI China A ETF, which provides access to the performance of the stock market in China.
The new exchange-traded notes can become an effective financial instrument for portfolio diversification.
In particular, ETNs provide an opportunity to invest in the performance of Chinese stocks listed on the Shanghai and Shenzhen stock exchanges, thus opening up access to Chinese stocks, which in the past was only available to Chinese investors.
The new ETNs are denominated in Chinese yuan.