Ping An Bets on Bond ETFs to Catch Up as Vanguard Draws Near

World News: . []

Ping An Bets on Bond ETFs to Catch Up as Vanguard Draws NearThe financial conglomerate, which only offered its first ETF in late 2017, is targeting the less-developed market for bond ETFs as vehicles that track broad indexes become more competitive given the dominance of large funds that were launched by local managers as early as 2004. The firm will start to offer products tracking shorter-dated government bonds and is also considering cross-market funds, Cheng Jun, the head of ETF investments at Ping An Fund Management, said in an interview. While low fees and support from its parent company has helped Ping An Fund Management become the largest local bond ETF issuer, its current standing -- around 16 billion yuan ($2.3 billion) across nine funds -- lags Ping An’s ambitions and is a fraction of the almost $1 trillion Vanguard oversees in the U.S.


Read More: https://finance.yahoo.com/news/ping-bets-bond-etfs-catch-210001952.html

Published: .

Search for other references to "ping" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us