Amundi has changed the name of one of its China equity ETFs after it replaced Hwabao WP Asset Management as its sub-manager.
The Lyxor Hwabao WP MSCI China A UCITS ETF (CNAL) will now be known as the Lyxor MSCI China A UCITS ETF, Amundi said in a shareholder notice.
CNAL will continue to track the MCSI China A Net Total Return index while its ticker and total expense ratio (TER) will remain the same. The ETF currently has a TER of 0.35%.
The change took effect on 9 August when Hwabao WP Asset Management was replaced by Amundi Japan.
The ETF, which tracks large and mid-cap A Shares listed in Shanghai and Shenzhen, currently has €245m assets under management and has returned -9.6% year to date.
The change also brings it into line with the rest of Amundi’s China range.
This consists of the Lyxor MSCI China ESG Leaders Extra UCITS ETF (ASI), the Lyxor MSCI China UCITS ETF (LCCN) and the Amundi MSCI China UCITS ETF (CC1U).
Last month, the French asset manager switched the index from FTSE to Euronext on its large-cap Italian equity ETF to one that tracks ESG metrics, renaming the ETF the Amundi Italy MIB ESG UCITS ETF in the process.
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