Switzerland
China Post’s Market Access will be cross-listing a yen version of its smart beta Japanese equity tracker into Switzerland.
The Market Access iSTOXX MUTB Japan Quality 150 Index ETF (MAJQ) screens Japanese companies for quality, as measured by high profits, low debts and thick cash flows. A spokesperson for China Post said MAJQ is aimed at investors wanting to capitalise on Abenomics, the economic policies of Prime Minister Shinzo Abe which have bumped up the profits of Japan’s biggest companies.
The product was the first rolled out by Market Access since it was acquired by the state-owned postal company from the Royal Bank of Scotland.
