SWFI First Read, August 14, 2016
Euroclear Wins Mandate for ICBC ETF Listing
ICBC Credit Suisse Asset Management, the asset management joint venture between ICBC and Credit Suisse formed in 2005, picked Euroclear to clear and settle its first internationally listed China equity exchange-traded fund (ETF). The ETF called ICBC CS WisdomTree S&P China 500 UCITS ETF will be traded on the London Stock Exchange (LSE). Domiciled in Luxembourg, the ETF will be settled directly in the international central securities depository (ICSD). ICBC Credit Suisse Asset Management and related entities oversee RMB 960 billion in assets.
Dubai Financial Group Sold EFG-Hermes Stake to Natixis
Dubai Financial Group LLC has sold its 12% ownership stake in EFG-Hermes Holding SAE to French banking giant Natixis SA. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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