Hong Kong Tracker Fund marks 10-year anniversary
The exchange-traded fund market has come a long way since the launch of the first Asia ex-Japan ETF a decade ago.
Believe it or not, it has been 10 years today since the introduction of the first exchange-traded fund in Asia-Pacific. Ten years ago Hong Kong saw the first ETF launch -- before Japan, before Australia -- as a response to the Asian financial crisis.
Yesterday, officials from the Hong Kong Monetary Authority and the Tracker Fund's manager, State Street Global Advisors, held a ceremony to commemorate the event.
Today, ETFs are a fast-growing part of the asset management business in A…
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