Oil ETFs underscore the argument for passive products that track a broad market index rather than too narrow a sector.

Oil ETFs underscore the argument for passive products that track a broad market index rather than too narrow a sector.
Under the new structure, managers may find it easier to distribute their funds outside of Hong Kong.
Other plans include offering its globally-listed ETFs to investors in Southeast Asia.
One of the firm’s thematic ETF products has amassed around $150m within the first six months after launch.
Acquired by Mirae Asset Global Investments last year, Global X has begun promoting its products in the region.
Assets of three other China-focused thematic ETFs have already passed the break-even mark.
The acquisition will enable the French firm to develop onshore funds in Taiwan.
On top of having a QDLP licence, the Korean firm has received a private fund management (PFM) licence from the Asset Management Association of China (Amac), according to the agency’s records.
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.
Korea’s Mirae Asset has a thriving active ETF business in Canada, but is not yet planning to bring such products to Hong Kong, according to Steve Hawkins, president and co-CEO of Horizons ETFs Management (Canada).
Part of the Mark Allen Group.