Samsung Group's insurance arms are looking to expand their capacities and hedge against inflation via overseas GPs in infrastructure and real estate investments.
The asset manager is the second to launch leveraged and inverse ETFs in Hong Kong – two Indian equity products – and has hired a salesperson to cover Australia and Southeast Asia.
The firm will list Korea- and Japan-linked leveraged and inverse products next week in Hong Kong and has others planned, but admits there is more to be done for the market to take off.
Hong Kong could see its first leveraged and inverse ETFs list next month, but sources say no applications have been filed in Singapore and that SGX is frustrated by the lack of take-up.
The first leveraged and inverse exchange-traded funds are tipped to get approval as early as next month, with Samsung Asset Management among the first movers.
Korean asset manager says the industry can't survive with products based on past market conditions after joining forces with high-conviction firm US firm to deliver pension solutions.
The firm's asset management arm is in Hong Kong to launch a HK dollar ETF tracking the HSI Futures Index and an ETF corresponding to the HSI Futures RMB Foreign exchange ETF.
The firm has set its sights on the US, Latin America and South Asia as it strives to offer a broader suite to institutions. But market leader Samsung sees greater growth in the retail market.
The nation’s Financial Services Commission is working on guidelines to allow swaps-based replication from this June. The suite of new products will likely track overseas indices.
Samsung Asset Management predicts Korea’s ETF market will more than double in size within three years.
Mirae Asset, following its acquisition of Canada’s ETF specialist Horizons, appoints a head of international ETF sales and prepares to enter Japan.
Tae Jong Um is to run MSCI’s new office in Seoul and will look to tap pension funds, provide index solutions, and service broker-dealers and the fledgling hedge fund industry.