Industry executives feel an over-cautious regulatory approach to leveraged and inverse exchange-traded funds could ultimately harm the ETF market in Hong Kong.
Issuers of new types of exchange-traded products in Hong Kong can face challenges in respect of hedging and trading their positions, said participants at a recent roundtable.
A panel hosted by AsianInvestor discussed this and other issues around exchange-traded funds, such as how Asian ETFs can move beyond a concentration on China products.
UBS Global Asset Management has appointed exchange-traded funds veteran Sammy Yip in a newly created role as it seeks to build out its ETF business.
The US exchange-traded funds provider has begun marketing its products to professional and institutional investors in the territory.
Use of exchange-traded funds remains low in Asia Pacific, according to Deutsche Asset & Wealth Management’s annual Asian ETF survey.
Discretionary exchange-traded fund portfolios, commonplace in markets such as the US, are now growing in popularity in this region.
The change comes as Deutsche Bank combines its asset management arm with its private wealth business in a restructuring and rebranding exercise.
The question remains, however, as to whether Joseph Ho will stay with BlackRock once it acquires Credit Suisse’s ETF business.
The bank's db X-trackers unit is set to launch a suite of physically backed ETFs, but says its aim has always been to provide a supermarket selection and the move is not solely related to flows.
Exchanges and ETF service providers report early success from new infrastructure to promote secondary-market liquidity in Asia, but agree more needs to be done.
Samsung Asset Management predicts Korea’s ETF market will more than double in size within three years.