Written by Cláudio Afonso | info@claudio-afonso.com
The world’s largest asset manager, Blackrock Inc, is planning to launch its first China ETF product in Q4 2022, Reuters says citing people related to the matter. Blackrock will be the first wholly-owned foreign fund manager to tap the onshore Chinese ETF market, the news agency added. On February 10, BlackRock disclosed ownership of over 64 million shares of NIO valued at $2.03 Billion as of December 31, 2021 — being the Institution with the second largest position after Baillie Gifford & Co.
According to the people that talked with Reuters, the fund manager hasn’t decided yet which index to track for the first ETF product. Options under consideration include a carbon neutrality-themed index composed by China Securities Index Co, one of the people told Reuters. China has seen dozens of environment-linked ETF launches in the last two years betting on buoyant new-energy stocks.
“Options under consideration include a carbon neutrality-themed index composed by China Securities Index Co, one of the people said. China has seen dozens of environment-linked ETF launches in the last two years betting on buoyant new-energy stocks.”
“BlackRock is committed to helping more Chinese investors achieve their financial goals by bringing them a broader suite of investment products and solutions, including ETF and index investments” — the company said in a statement to Reuters.
Blackrock increased its position on NIO during the last quarter of 2021 via iShares ETFs. The company responsible for iShares ETFs is BlackRock, which acquired the brand and business from Barclays in 2009. Blackrock created the first world’s first index strategy more than 30 years ago. Currently, 25 out of the 392 ETFs that iShares has, have a stake on the US-listed Chinese EV maker NIO.
NIO and WWF announced on Friday that reached a strategic cooperation on Clean Parks ecological co-construction. Clean Parks is a global ecological co-construction plan initiated by NIO to implement the vision of Blue Sky Coming. It is also the world’s first open platform initiated by an automobile company to support the construction of national parks and protected areas — the EV maker said.
Earlier this week, a white NIO ET7 Model was seen charging in Munich, Germany. The vehicle was using a charger from EWE Go Station, a German subsidiary of the fifth-largest energy supplier in the country, EWE AG. On January 22, NIO’s founder, William Li, and Manager of NIO Norway, Marius Hayle, revealed that the ET7 Model will arrive to Norway during Q4. The model has seen a great demand in the Chinese market having a 6 months waiting list for the sedan unveiled on January 2021, during NIO Day.
On April 19, a leaked image unveiled that BMW shooted the promotion video for its 2021 X4M model… using a NIO ES6. The German automaker is one of the main rivals for the Chinese electric vehicle maker NIO in Europe. By the end of May, NIO will launch a new SUV model named NIO ES7 that will rival with the 2022 BMW X5 in the Chinese Market.
Written by Cláudio Afonso | info@claudio-afonso.com