Samsung AM flags challenges of HK ETF business
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
Samsung Asset Management did not have high hopes for its first Hong Kong-listed leveraged and inverse exchange-traded funds, because of the local regulator's requirement that the first products it launched must not track Chinese or Hong Kong underlyings.
This admission to AsianInvestor by the Korean firm's top ETF executive comes after Samsung AM said in late June it was delisting its first six L&I funds in Hong Kong within a year of their launch. The first four products list…
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