FTLife CIO sees ETFs as useful tool in new regulatory era
New World Development’s FTLife endorses the use of ETFs for swift exposure adjustment and risk management, particularly in the face of Hong Kong’s forthcoming risk-based capital regime.
FTLife Insurance sees exchange-traded funds (ETFs) as effective liquidity providers and hedging tools for better asset and liability management (ALM) under Hong Kong’s new risk-based capital (RBC) regime.
With the liquidity of ETFs, life insurers can switch exposure “very quickly” as needed, for de-risking purposes, said Richard Chan, chief investment and ALM officer at FTLife, the insurance business of Hong Kong conglomerate New World Development.
Richard Chan, FTLife
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