ETF provider Market Vectors is set to cross-list three US ETFs on the ASX, giving investors exposure to China 'A' shares, global gold mining companies and Morningstar-rated 'wide moat' companies.
In a note to investors, Market Vectors Australia managing director Arian Neiron discussed the three new US-listed global equity ETFs that will soon cross-list on the ASX.
The China 'A' shares ETF will be listed on the ASX under the ticker CETF and will give investors exposure to 300 Chinese companies in a single trade, Mr Neiron said.
"China is going through a structural transformation and becoming more integrated into global markets.
"Given China's size and anticipated growth it is expected to return to its historical position as the world's most dominant economy within the next decade," Mr Neiron said.
The Global Gold Miners ETF (ticker: GDX) will give investors access to the investment characteristics of gold "but with the benefits of operational leverage and income", he said.
"GDX is the most-traded gold equities ETF in the world with over A$8 billion assets under management.
"GDX will provide ASX investors with never before offered access to global gold equities [as well as a] cost-effective, fully transparent and liquid portfolio," he said.
Finally, the Morningstar Wide Moat ETF will give Australian investors exposure to the top 20 most undervalued companies with a strong competitive advantage (ie. 'wide moat' stocks).
"Van Eck Global [the parent company of Market Vectors] is in the final stages of the approval process to have CETF, GDX and MOAT admitted to trading status on ASX and expects these ETFs will commence trading shortly," Mr Neiron said.
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