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.
The overseas arm of China Asset Management is listing its first leveraged and inverse ETFs in Hong Kong, which will track the Nasdaq 100. It has partnered with US fund house Direxion.
Investors must be properly educated on leveraged and inverse exchange-traded funds and what they should be used for or they risk big losses, warn wealth industry executives.
The Hong Kong-based manager has poached senior staff from HFT Investment to boost its China team, as the firm readies the launch of a European multi-asset income fund.
Resignation not expected to impact the listing of the Link REIT.
Dominic Li returns to the finance sector after a four-year break.