New ETF mechanisms help to boost trading

Efforts to spur secondary market liquidity in exchange-traded funds are beginning to bear fruit, the Tokyo Stock Exchange and ETF service providers told a recent conference in Hong Kong. Ryota Kimura, the TSE’s senior vice-president of product development, noted at Citi’s annual Asia ETF summit last week that the bourse had raised the number of ETFs it hosts to 110. That comes despite transaction value of ETF trading on other Asian exchanges (excluding Japan and South Korea) hav…