Enhanced Investment Products delisted a smart-beta fund while Mirae Asset ends trading of a consumption-related thematic product, according to records from the Hong Kong Stock Exchange.
AXA IM launches a multi-premia fund; ETFs in the US continue to grow; Fidelity rolls out a digital campaign; Singapore’s 8 Capital received fund licence; Pictet AM poaches from Invesco; SFC re-appoints Ashley Alder as CEO; and others
Exchange-traded funds (ETFs) are becoming clients’ tool of choice to gain targeted exposure to equity sectors, said Adam Cowperthwaite, Asia Pacific head of equity at Citi Private Bank.
Hong Kong-based EIP launched its first leveraged ETF providing 2X exposure to Chinese companies listed in the US.
During the week, Capital Group brought nine funds to retail investors in the SAR and EIP listed its gold miners ETF, while iShares prepares to launch an ETF tracking the Hang Seng Index next week.
ETFs from several firms are expected to roll out in Hong Kong in the next three months, hoping to catch the ETF Connect train and feed the appetite of mainland investors, said Tobias Bland, Enhanced Investment Products CEO.