US bank Goldman Sachs has launched the first exchange traded fund (ETF) derivatives on Chinese stocks, to be listed on the Hong Kong stock exchange.On Monday, the bank issued call warrants on two A50 China Tracker funds. The funds, managed by Barclays Global Investors, are denominated in Hong Kong dollars and invest in the top 50 companies listed on the Shanghai and Shenzhen stock exchanges. One has a six-month and the other a seven-month maturity; both will be listed on March 12.
Cheril Lee, the bank’s Hong Kong-based head of securitised derivatives products, said: “This was the right time to launch, as the exchange had approved warrants on this underlying and the market was now liquid enough.”
Société Générale will launch a similar warrant on March 8, but has not released further details.
Topics: Goldman Sachs
More on Exchange-traded products
Growing appetite for ETFs buoys market confidence
Online platform tracking ETF replication quality launched by Koris
Sponsored feature: Tradeweb
Regulator blocks BlackRock and Precidian's request in landmark ruling
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.