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.