CSOP lists oil ETF amid high demand for crude exposure
CSOP has listed only the second oil ETF in Hong Kong after Samsung AM. It is targeting Chinese clients amid strong flows into oil funds on the mainland, as well as elsewhere in the region.
Hong Kong saw the launch of a second oil exchange-traded fund yesterday by CSOP Asset Management, hot on the heels of the first from Korea’s Samsung Asset Management on April 29. The firm is eyeing demand from China, amid recent strong demand for similar products seen there and elsewhere in the region.
Hong Kong-based CSOP’s ETF tracks the Bank of America Merrill Lynch Commodity index eXtra CLA index (Excess Return) and has raised $40 million. Samsung AM’s product, which tracks t…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.