ETF activity increases in Asia
Exchange traded funds are about to make their debut in South Korea, while in Japan, investors will be offered a handful more ETFs made available by Barclays and State Street.
According to Dow Jones newswire reports, South Korean Deputy Prime Minister Jin Nyum Dwill has told financiers that the Korean Government will be developing regulations for the ETFs later in the year.
The South Korean Government is hoping the ETFs will help revive the local capital market. Jin says South Korea will be looking to foreign experts to create a suitable environment for investment banks.
According to a Reuter report, State Street Japan chief Eric Michel says the indexes have received wide acceptance among investors in Japan, and the firm will be seeking licensing agreements to use the indexes. Barclays will launch ETFs in Japan which track a number of indices.
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Two listing experts have shared tips for fund managers to consider when it comes to launching their first ETF on an exchange.
The Sydney-based boutique fund manager has listed its inaugural ETF on the ASX, based on an existing fund that provides exposure to mid-to-large growth companies.
Insurer TAL has announced it has taken a minority stake in investment manager Challenger.
Asset managers may be encouraged to diversify their product ranges and branch into the retail or intermediary market but, two consultants argue, they may find it more complicated and costly than they expect.
