Bringing you live news and features since 2006 

EIP lists three XIE Shares ETFs on HK Stock Exchange

RELATED TOPICS​

Enhanced Investment Products Limited (EIP) has listed three new XIE Shares ETFs on the Hong Kong Stock Exchange.

The three country-specific products will track three local indices in Emerging Asia, providing investors with access to markets in India, Indonesia and the Philippines.
 
XIE Shares ETFs are unique ETFs, being the first synthetic ETF platform independently managed by a local manager in Hong Kong, adopting a multiple swap counterparty approach to manage counterparty risk. This structure offers the benefits of synthetic ETFs, and holds invested assets which are non-index related equity, bonds and cash/cash equivalent for the value of the relevant XIE Shares ETF’s net asset value. These advantages include simplicity, liquidity and low cost beta.  The ETFs seek to track the performance of the relevant indices before fees and expenses. XIE Shares has attracted day one investment of approximate AUM HKD620m for these three funds.

Tobias Bland (pictured), CEO of EIP, says: “Hong Kong and the Asia region took another step forward with the listing of XIE Shares ETFs this morning. These ETFs will allow investors easier access to invest in the markets of India, Indonesia and the Philippines. Presently there is USD1.08 trillion invested in Mutual Funds in Asia, and USD92 billion in ETFs. I truly believe that Exchange Traded Funds are the investment vehicle of the future and will replace mutual funds over time.”
 
The funds will be managed by Paul So, Head of Beta Products at EIP.

“In investing in XIE Shares ETFs, investors can gain exposure to the local indices the funds track, hence to the companies that are index constituents to these indices,” says So. “The funds will be tracking the KOSPI 200 Index, the S&P CNX Nifty Index, the LQ45 Index, the FTSE Bursa Malaysia KLCI, the PSEi Index, the TAIEX Index and the SET 50 Index.”
 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by