The South Korean asset manager has brought in Mirae Asset's former Hong Kong head of exchange-traded funds as it prepares to list more products in the city.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
The Malaysia and Singapore bourses recognise they are lagging peers in North Asia in respect of exchange-traded funds – and are keen to catch up.
After an initial lack of asset manager interest in listing leveraged and inverse exchange-traded funds in Singapore, the local bourse expects the first products to arrive in 2017.
Certain leveraged and inverse exchange-traded funds newly listed in Hong Kong are being traded far more heavily than others, which has led some to question the source of demand.
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.