How ready are index managers for MPF?

Hong Kong's Legislative Council is now considering an amendment to the Mandatory Provident Fund Schemes Bill that, among other things, will lift some restrictions on how MPF members can invest their funds. The most significant change is to allow MPF constituent funds to invest up to 100% into an exchange-traded fund (ETF) or other index-tracking fund product. This means global ETF players such as State Street Global Advisors (SSGA) and Barclays Global Investors (BGI) are thinking abou…