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China Post Global buys European ETFs from RBS

By International Adviser, 29 Mar 16

China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.

China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.

Following the €360m ($406m, £284m) transaction, the company plans to launch the first European smart beta exchange traded funds to invest in Chinese securities later this year.

The acquisition will enable China Post Global to promote and distribute the Market Access ETFs, previously RBS’ ETFs listed in Frankfurt and Zurich. These investments focus on commodities, emerging market and frontier market equities, with assets under management of more than €360m.   

China Post Global is the asset management unit of China Post & Capital Fund Management.

“This acquisition demonstrates China Post Global’s long-term commitment to the European region,” Danny Dolan, managing director of China Post Global (UK) said.

Asia has been relatively slow, compared to its European and American counterparts, to adopt ETF products in the wholesale distribution space however use by consumers has been growing.

Meanwhile, Asian institutional investors have been adding ETF strategies to their investments for the past five years.

This acquisition may indicate faith that consumers will follow their European and American investors in the future.

Tags: China | ETF | RBS

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.