CSOP AM licenses MSCI China and USA Internet Index
MSCI has announced that CSOP Asset Management, one of the largest Chinese asset management firms in Hong Kong with over $8bn AUM, has licensed the MSCI China and USA Internet Top 50 Equal Weighted Index for an ETF to be launched shortly.
“We chose MSCI as the index provider for this ETF as the new index delivers broad coverage of globally recognized Internet companies, which we believe play an important role on defining the future of the world economy,” said Jack Wang, Deputy Chief Marketing Officer of CSOP Asset Management.
“As a leading ETF provider we were also impressed with the high level of support from MSCI.”
“We are delighted that CSOP Asset Management chose MSCI for the creation of this innovative index,” said Theodore Niggli, head of MSCI’s index business in Asia Pacific.
“This new index demonstrates MSCI’s advanced index design and custom index calculation capabilities which can be used to serve ETF providers around the world.”
With over 675 ETFs tracking MSCI indexes globally, more ETFs track MSCI’s indexes than those of any other index provider.