Invesco has launched the MSCI China Technology All Shares Stock Connect UCITS ETF on Borsa Italiana’s ETFPlus market to access Chinese technological innovation. The ETF tracks the MSCI China Technology All Shares Stock Connect Select Index which captures a broad range of innovative technology companies. IT companies make up less than 20% of the index weight. Currently, the largest exposures are in the consumer discretionary and communications services sectors.
“China has long been known for its commodity manufacturing and export business. However, modern China is also home to many of the world‘s foremost innovators, key players in developing cutting-edge technologies. In fact, Beijing aims to transform the country into a global innovation leader, and in its latest five-year plan, the government emphasizes the importance of continuous investments in technology and research and development “, comments Fabrizio Arusa, Senior Relationship Manager ETF Specialist by Invesco.