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23-02-2017, 02:10 PM
(This post was last modified: 17-03-2017, 07:47 PM by cyclone.
Edit Reason: Added writer and date
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Singapore Readies New Exotic ETFs to Catch Taiwan, Hong Kong
by Viren Vaghela
February 23, 2017, 5:00 AM GMT+8 Corrected February 23, 2017, 11:12 AM GMT+8
Preparations are underway in Singapore for the first new listing of leveraged and inverse exchange-traded funds in almost eight years.
Singapore Exchange Ltd. last week published a new web page about the products, described as “a form of passive collective investment schemes (like ETFs) and structured as open-end funds,” following revised guidelines from the Monetary Authority of Singapore in August.
Singapore, along with Hong Kong, is seeking to capture a bigger share of an expanding pie through types of funds that have seen success in Japan, Taiwan and Korea. Leveraged ETFs in Taiwan, which started in 2014, now have more than $4.8 billion in assets, according to data compiled by Bloomberg. Daily trading of inverse and leveraged funds is more than half of Taiwan’s ETF market, said Andy Chang, president and chief executive officer of Cathay Securities Investment Trust Co.
More details in https://www.bloomberg.com/news/articles/...tch-rivals
by Viren Vaghela
February 23, 2017, 5:00 AM GMT+8 Corrected February 23, 2017, 11:12 AM GMT+8
Preparations are underway in Singapore for the first new listing of leveraged and inverse exchange-traded funds in almost eight years.
Singapore Exchange Ltd. last week published a new web page about the products, described as “a form of passive collective investment schemes (like ETFs) and structured as open-end funds,” following revised guidelines from the Monetary Authority of Singapore in August.
Singapore, along with Hong Kong, is seeking to capture a bigger share of an expanding pie through types of funds that have seen success in Japan, Taiwan and Korea. Leveraged ETFs in Taiwan, which started in 2014, now have more than $4.8 billion in assets, according to data compiled by Bloomberg. Daily trading of inverse and leveraged funds is more than half of Taiwan’s ETF market, said Andy Chang, president and chief executive officer of Cathay Securities Investment Trust Co.
More details in https://www.bloomberg.com/news/articles/...tch-rivals
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