Are synthetic ETFs set for a rebirth in Hong Kong?
The SFC has just authorised two sets of synthetic ETFs after a gap of a year-and-a-half, suggesting it is ready to approve such products again after a bout of regulatory tightening.
Hong Kong’s securities regulator appears to have reopened the market for synthetic exchange-traded funds after a hiatus of a year-and-a-half, fuelling expectations that 2012 will see more such products listed in the city.
Just yesterday db x-trackers – Deutsche Bank’s ETF unit – launched six synthetic funds on the Hong Kong Stock Exchange, bringing the total of synthetic ETFs on the HKSE to 55. That’s double the number of physically-backed products it has (28).
The latest batch …
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