How HK Housing Society, HK Electric view ETFs
Treasurers at both firms voice their firm belief in active management but acknowledge the cost benefits of ETFs and the impact they could yet have on active managers.
Despite the increasingly enthusiastic embrace of passive strategies by more sophisticated institutional investors in Asia, some venerable Hong Kong institutions remain sceptical.
Among them are the Hong Kong Housing Society and Hong Kong Electric Company.
Neither, though, totally rule out using products such as exchange-traded funds (ETFs) in future.
“As an institution, we are a firm believer in active [management],” Alan Liu, head of treasury at Hong Kong Housing Society (HKH…
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