Martin Lee @ Sg

UOB China ETF Changes

It looks like UOBAM decided to change the index of their China ETF after all.

Instead of tracking the FTSE/Xinhua A50 index, they will now be tracking the SSE 50 index, which represents the 50 largest stocks of good liquidity listed on the Shanghai Stock Exchange (SSE).

The ETF will also be renamed to United SSE 50 China ETF and will start trading from 26 Nov at 2pm.

Because of the changes, investors will be given more time (till noon 25 Nov) to decide whether they want to stay invested in the fund or redeem their units.

You can read the full announcement of the change here:

UOB China ETF Changes