Chinese fund management firm E Fund launches ETF product in three stock exchanges in Europe.

E Fund Management (Hong Kong), part of the Chinese fund management giant E Fund Management, has launched a UCITS product in several stock exchanges in Europe. 

Through a partnership with the UK's ETF Securities, the MSCI China UCITS listed on 19 May 2014 on the London Stock Exchange, the Deutsche Boerse and NYSE Euronext Amsterdam. In a statement, E Fund said that this is the first UCITS ETF to track the MSCI China A Index in Europe and is designed to give investors access to a wide range of equities listed in the Shenzhen and Shanghai exchanges. 

It has a quota of as much as RMB2 billion ($320 million) for initial public offering. UCITS, or undertakings for collective investment in transferrable securities, are a set of European Union directives that allow investment schemes to operate in the region through an authorisation from one member state.