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Alright, let's not get too carried away, but one issuer did lower the annual expense ratio on its U.S.-listed China A-shares exchange traded fund. On Thursday, the CSOP FTSE China A50 ETF (NYSE: AFTY) saw its expense ratio chopped to 0.7 percent per year from 0.99 percent.
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Translation: Investors planning on making the CSOP FTSE China A50 ETF a long-term holding will now pay $70 for every $10,000 invested per year, down from $99 a year per $10,000 invested. Hong Kong-based CSOP Asset Management, AFTY's issuer, is the largest renminbi qualified institutional investor (RQFII) in the world.
The fee cut for AFTY makes the ETF less expensive than the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.