Deutsche to set new firsts for ETFs in HK

Deutsche Bank’s passive asset management business is to cross-list five ETFs in Hong Kong today, including the city’s first to track stocks in Singapore, Bangladesh and Pakistan. All these exchange-traded funds are synthetic, or swaps-based, have previously been listed in Europe (London or Germany in 2011/12) and Singapore in 2011 and are Ucits-compliant. They are MSCI Singapore, MSCI Bangladesh, MSCI Pakistan, MSCI Philippines and MSCI Asia ex-Japan high dividend. Because the…