Lion Global is also expected to launch an ETF tracking the Hang Seng Tech Index.
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Lion Global is also expected to launch an ETF tracking the Hang Seng Tech Index.
Both China AMC and CSOP AM have rolled out L&I products that track the same underlying index.
Competitor CSOP AM manages the same kind of products, which have become the largest L&I funds in the SAR.
CSOP AM is preparing to take advantage of the new L&I regulations in Hong Kong, which allow mainland index-tracking products to be listed in the SAR.
Since November, six L&I products have been launched in the country, but demand is expected to be low.
Separately, one of CSOP Asset Management’s recently launched (-2x) inverse products has become the second largest L&I ETF in Hong Kong.
Mirae Asset Global Investments and CSOP Asset Management are delisting leveraged and inverse ETF products, according to the firms’ filings with the Hong Kong Exchange.
Part of the Mark Allen Group.