China listed its first non-ferrous metals exchange traded fund (ETF) on the Shenzhen Stock Exchange on Tuesday, according to a statement from the Shanghai Futures Exchange (ShFE).
TheDacheng Nonferrous Metals Futures ETF, which tracks ShFE’s non-ferrous metals futures prices, is China’s second commodity ETF to be listed.
The Huaxia Feed Soymeal Futures ETF was earlier listed on the Shenzhen exchange on December 5.
Commodity ETFs focus on either a single commodity or several futures contracts, and typically track commodities futures price indexes.
