BEIJING, Dec. 10 (Xinhua) -- The third batch of exchange-traded funds (ETFs) tracking the CSI A500 Index are likely to approach investors in near future, reported Xinhua-run China Securities Journal on Monday.
By the end of November, seven publicly-offered funds submitted their applications for establishing ETFs tracking the index and some of them have got regulatory approval recently.
Prior to the latest batch of CSI A500 Index-tracking ETFs, the first batch of 10 such ETFs and the second batch of 12 such ETFs have been listed on the Shanghai and Shenzhen bourses.
By December 6, the existing 22 ETFs tracking the CSI A500 Index managed about 218.674 billion yuan of underlying assets and among them, 11 boasted over 10 billion yuan of underlying assets.
CSI A500 Index is an indicator that gauges the overall performance of representative companies as it selects 500 securities with large market capitalization and good liquidity from each sector.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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