Italian asset manager Azimut Group and China Universal Asset Management are teaming up to launch an exchange traded fund that will be listed in Abu Dhabi as well as a second ETF in Shanghai to give Chinese and United Arab Emirates investors access to each other’s equities markets.
Azimut Group will launch an ETF on the Abu Dhabi Securities Exchange that will invest in China Universal AM’s existing Shanghai-listed ETF tracking the CSI A500 index, Azimut confirmed.
In turn, China Universal AM will roll out an ETF to be listed on the Shanghai bourse that will feed into a separate Abu Dhabi-listed ETF that Azimut plans to launch. It will invest in public companies in the pan-Arab region.
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