The discreet charm of ETF yet to shine on China-HK Stock Connect
The absence of ETFs that track overseas equities and non-equity assets, such as fixed income and commodities, may limit the attraction to both onshore and offshore institutional investors.
Asset owners and managers are still in wait-and-see mode regarding exchange traded funds (ETFs) that will soon trade under the Stock Connect scheme between mainland China and Hong Kong, with few of the initial eligible funds yet to take their fancy.
Despite this, they believe their inclusion, starting next Monday (July 4), is a crucial step towards building important financial infrastructure which has the potential to unleash greater market vitality and liquidity.
“The inclus…
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