30 Oct SCMP: Hong Kong-listed ETFs likely to take advantage of better Bay region progress, upcoming connect strategy
Exchange-traded funds in Hong Kong are expected observe powerful progress as a result of the development opportunities of Greater Bay region, raising interest among dealers and another cross-border trading and investing plan in the works for ETFs, according to sector participants.
Seoul-headquartered Mirae advantage worldwide opportunities, the largest ETF issuer in Asia excluding Japan by worldwide assets in accordance with analysis firm ETFGI, try among those anticipating opportunities to happen in Hong-Kong.
The firm will increase its Hong Kong-listed ETF selection next season with brand-new resource tuition and investment techniques, stated Rhee Jung-ho, president and chief executive officer of Mirae investment international Investments (Hong Kong).
“We have experienced many international investors that happen to be enthusiastic about the more Bay room plus the rapidly advancing, innovation-driven sectors of mainland Asia,” Rhee stated in a job interview utilizing the southern area Asia Morning blog post. “Investors incorporate ETFs as a convenient automobile to invest in mainland Asia, and Hong Kong is a great venue to build the products because of its special situation because worldwide portal to Asia.”
Over 143 ETFs tend to be on the Hong Kong stock market and then have a market limit of about HK$400 billion (US$51. 4 billion).