Hong Kong Exchange lists six Lyxor ETFs
The six ETFs – from Lyxor, a subsidiary of French bank Société Générale – are: Lyxor ETF MSCI World (global stocks), Lyxor ETF MSCI AC Asia-Pacific ex-Japan (Asia-Pacific stocks), Lyxor ETF MSCI India (Indian stocks), Lyxor ETF MSCI Korea (Korean stocks), Lyxor ETF Nasdaq-100 (Nasdaq stocks) and Lyxor ETF Commodities CRB (commodities).
The first two of these funds listed on April 18. The other four will list on April 26, bringing the total number of ETFs on HKEx to 15.
The ETF market in Hong Kong is the largest in Asia-Pacific excluding Japan, with average daily turnover of more than $500 million, according to statistics from the World Federation of Exchanges.
As passively managed exchange-traded investment instruments, ETFs offer investors diversification, transparency, low management fees, intra-day trading, short selling and efficient settlement, HKEx said.
