Samsung first off the mark in HK with L&I ETFs
The firm will list Korea- and Japan-linked leveraged and inverse products next week in Hong Kong and has others planned, but admits there is more to be done for the market to take off.
Hong Kong’s markets regulator has given approval for the first leveraged and inverse exchange-traded funds, and the first mover will be Korea's Samsung Asset Management, as tipped by AsianInvestor last month.
The fund house will list the first L&I products on the Hong Kong exchange next Monday (June 13), and the first four of which will provide exposure to Japanese and Korean indices.
This will come as welcome boost for asset managers, after concerns had been voiced that Hon…
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