Amundi has launched its first Hong Kong-domiciled ETF for investors seeking to diversify their portfolios from mainland China.
The ETF includes the 35 largest listed companies in Hong Kong, which get more than 50 per cent of their revenue outside China’s mainland market.
Matthieu Guignard, head of product development and capital markets at Amundi ETF, Indexing and Smart Beta, says Amundi’s strategy was to use cost efficiency and innovation in its development plan in Asia.
“We have the ambition to become a reference ETF provider for both institutional and retail investors in Asia,” Guignard said.
Amundi, which already has an ETF in China that seeks to replicate the MSCI China H Index, has seen its assets in Asia triple in the past five years.
The company aims to reach $100bn (£70bn) in assets under management for ETF, index and smart beta products by 2017, compared to $60bn at the end of 2015.