Hong Kong is likely to see more synthetic exchange-traded funds referencing commodities and fixed income this year. Firms are targeting the asset classes on the back of a lift from a spate of ETF approvals by the Securities and Futures Commission. The synthetic market has been shuttered for the last six months as the regulator revamped its approval procedures.
Toby Bland, ceo at Enhanced Investment Products in Hong Kong, said the domestic market is lacking synthetic commodity or fixed income ETFs. Funds referencing China had been ....