Tobias Bland, founder of XIE Shares, an independent Hong Kong ETF platform operated by Enhanced Investment Products (EIP), shares his thoughts about the most pressing questions from our recent Inside ETFs Asia conference and discusses the most important themes in today’s Asian markets.
Moves by BlackRock and EIP to close 14 Hong Kong-listed exchange-traded funds reflect rising competition and costs. Meanwhile, EIP's CEO feels listing and delisting takes too long.
After a strong showing in 2016, the gold price has been pegged back by dollar strength and a positive outlook for the US. Still, demand from China is growing, notably through ETFs.
Asset manager EIP will today launch Hong Kong's first ETF tracking US-listed Chinese firms, with the index primarily composed of internet stocks. It comes just months after brokerage CLSA acquired a stake in the firm.
With an eye on mutual recognition and luring liquidity from the US, CLSA has bought a 49% stake in EIP's Xie Shares and aims to wrap its thematic research into new products listed in Hong Kong.