Taiwan’s Fubon Asset Management has received a grant of $100 million to roll out the island’s first onshore ETF to track China’s A-share market, Asian Investor reports. The ETF tracking the Shanghai Stock Exchange (SSE) 180 Index will be listed on the Taiwan Stock Exchange on September 26. Fubon estimates the fund will raise total assets of about $103.77 million. Taiwan’s Financial Supervisory Commission has specified that Fubon’s new ETF should raise at least $20.72 million for inception. Taishin International Bank is the fund’s custodian.
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