The firm believes there is a product gap in the market. Separately, a China-focused ESG ETF is also expected to be rolled out by Haitong International AM.
The firm is hoping to mitigate concentration risk arising from the holding of a single month WTI futures contracts.
Oil ETFs underscore the argument for passive products that track a broad market index rather than too narrow a sector.
Since November, six L&I products have been launched in the country, but demand is expected to be low.
Affin Hwang and Kenanga Investors are set to take advantage of the new rules that will allow L&I products in Malaysia next year.
The Korean asset manager, which delisted six ETFs in Hong Kong last year, now plans a move into thematic and smart beta products for the Hong Kong market.
UOB’s copywriting fail; South Korean managers launch “unification funds”; UOB AM launches alts fund for retail investors; Malaysia’s Affin Hwang establishes private equity arm; Janus Henderson names new head of Asia distribution; institutional investors embrace ESG integration; and more…
Preparing for the planned ETF Connect, Samsung Asset Management has launched a passive product tracking a large-cap China internet companies index.
Franklin Templeton and Samsung AM to establish JV in Korea; Nippon Life to acquire 5% stake in Deutsche AM IPO; UBS AM launches RMB fixed income fund to professional investors in Hong Kong and Singapore; majority of funds in Australia underperform; MAS and Singapore Police to jointly investigate all financial advisory offences; MSCI launches 12 new China indexes; and more…
Samsung Asset Management will delist six ETFs in Hong Kong, while Capital Group received a green light to launch five mutual funds.