Issuance of ETFs on the up, says HKSFC

The number of exchange-traded funds (ETFs) authorised by the Securities and Futures Comission (SFC), Hong Kong’s financial watchdog, has substantially increased. This includes the recent approval of six ETFs, which include the first ETF that tracks an index based on commodities futures.

The SFC says in order to broaden the investment choice for investors, it has, in recent years, facilitated the introduction of ETFs. These include the first ETF, launched in Hong Kong in 2004, which tracks the performance of China’s A-share market. Others include Asia’s first bond index tracking ETFs, launched in 2005 and the first ETF in Hong Kong that tracks the India’s stock market, launched in 2006. The six new ETFs, issued by Lyxor, a subsidiary of French bank Société Générale, are: Lyxor