HONG KONG - Hong Kong Exchanges and Clearing Limited announced Tuesday that three precious metals- related Exchange Traded Funds will be listed on the Stock Exchange of Hong Kong Limited Wednesday, including the Exchange's first silver and platinum ETFs.
According to HKEx, the ETFs will be the first three launched by ETF Securities (Hong Kong) Limited on the Exchange, a wholly-owned subsidiary of HKEx. All three ETFs - ETFS Physical Gold ETF, ETFS Physical Silver ETF and ETFS Physical Platinum ETF are designed to track the London benchmark prices of the respective metals.
The ETFS Physical Gold ETF will be the Exchange's fourth gold ETF. The total number of ETFs will increase to 100 and the number of ETF managers will increase to 21.
"We are pleased to welcome ETF Securities and their three commodity ETFs to the Hong Kong ETF market" said Calvin Tai, Head of Trading at HKEx.
"The introduction of the first ETFs on silver and platinum will further enrich our product offerings in precious metals. These three new ETFs are also in line with our corporate strategy to diversify by adding asset classes to our equities and equities- related products."
This has been a record year for the Hong Kong ETF market, with the launch of 35 new ETFs, including the three to be listed, the first renminbi ETFs, the first renminbi Qualified Foreign Institutional Investors, or RQFII, A-share ETFs and the first dual counter ETFs trading in both renminbi and Hong Kong dollars.
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