The ETF was listed on the Shanghai Stock Exchange on Friday with assets under management of 252 million yuan ($40 million)
The two bourses signed a MoU in December to develop a connection allowing investors in Singapore and China to access feeder ETFs
Investors should favour stocks in the MSCI China and MSCI Hong Kong indices over global benchmarks, BCA Research analysts said
Shenzhen Stock Exchange and Singapore Exchange will jointly develop and promote ETF markets in Singapore and China through cross-border investments, the bourses said
The average fund recorded was just 690 million yuan due to intense competition for investment, Shanghai Securities News data show
ChinaAMC MSCI China A 50 Connect, E Fund MSCI China A 50 Connect ETF and China Universal MSCI China A 50 Connect ETF were among the top 15 globally for net inflows in November
The group, which has $82.9 billion under management, said chief financial officer Kirsten Morton would become interim CEO
US group's first exchange-traded funds tracking China's mega-cap index began trading on Monday. Armed with over $4 billion, they are set to rival the FTSE China A50.
Deputy general manager of China Asset Management had more than 15 years' experience in the securities industry
Share fall follows People’s Bank of China official warning that some overseas securities institutions have not obtained domestic licences.