##  [# Pacer Acquires CSOP ETF](/sections/daily-etf-watch/pacer-acquires-csop-etf) 

 

# Pacer Acquires CSOP ETF

 

 

As CSOP Asset Management exits the U.S. market, Pacer takes over one of its ETFs.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jan 24, 2020

 Edited by: Heather Bell

 

 

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Hong Kong-based CSOP Asset Management has exited the U.S. ETF market by closing down the [CSOP MSCI China A International Hedged ETF (CNHX)](https://www.etf.com/cnhx) on Jan. 6 and selling its last remaining fund to Pacer.

The [Pacer CSOP FTSE China A50 (AFTY)](https://www.etf.com/afty) was renamed on Thursday, and that seems to be the only change. The fund’s ticker, expense ratio and underlying index will remain the same. AFTY covers the 50 largest China A-shares listed on the Shanghai and Shenzhen stock exchanges and currently has roughly $13 million in assets under management.

AFTY is the second ETF that Pacer has acquired in recent weeks. In mid-December, the firm acquired what is now known as the [Pacer American Energy Independence ETF (USAI)](https://www.etf.com/usai), and once again the only change was adding “Pacer” to its name. USAI covers U.S. and Canadian midstream energy infrastructure MLPs and has less than $12 million in assets.

USAI and AFTY both fill holes in Pacer’s lineup, which did not previously include ETFs offering exposure to MLPs or China’s A-Shares market. Pacer offers 23 ETFs and has nearly $6 billion in assets under management.

*Contact Heather Bell at <hbell@etf.com>*



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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