CSOP Asset Management, the largest renminbi-qualified institutional investor (RQFII) in the world, tripled the size of its U.S. exchange-traded funds lineup Tuesday with the introduction of two new funds, the CSOP MSCI China A International Hedged ETF (NYSE: CNHX) and the CSOP China CSI 300 A-H Dynamic ETF (NYSE: HAHA).
With the ticker HAHA, the CSOP China CSI 300 A-H Dynamic ETF will, at the very least, be easy to remember, but the concept behind this new ETF is no laughing matter. During the run-up in China A-shares stocks and ETFs earlier this year, investors consistently heard that stocks trading in Hong Kong and the ETFs holding those equities were more attractively valued than their mainland counterparts.
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