US fund manager VanEck has listed a passive investment fund tracking designed to capitalise on the growth of China’s so-called ‘new economy’.
The VanEck Vectors New China ESG Ucits ETF is listed on the London Stock Exchange and Xetra Deutsche Börse.
It tracks the MarketGrader New China ESG Index which selects 100 Chinese companies from four sectors: non-consumer staples, consumer staples, healthcare and technology.
According to VanEck, the growth in China’s middle class and the resulting change in consumer habits has created investment opportunities.
“Chinese companies that are part of the new economy are likely to outpace the country’s overall growth,” said Martijn Rozemuller, CEO at VanEck Europe.
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