SSgA promises more Asia ETFs after fund launch
State Street Global Advisors declares itself happy after listing a new Greater China-focused ETF in Hong Kong under an umbrella structure that should make it easier to launch more products in future.
State Street Global Advisors says it expects to deliver a fresh basket of Asia-focused exchange-traded funds (ETFs) after launching a Greater China ETF listed in Hong Kong.
Its latest fund – the SPDR FTSE Greater China ETF – saw 861,400 shares change hands during its trading debut on the Hong Kong stock exchange yesterday, for a total volume of HK$21.4 million ($2.7 million).
State Street executives, who joined regulators at the launch, declared themselves happy with this initial show…
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