Wed, Feb 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hong Kong-based asset manager EIP launches seven ETF products

Thursday, February 02, 2012
Opalesque Industry Update - Enhanced Investment Products Limited (EIP), a Hong Kong based asset management firm, today confirms the launch of seven new ETF products, authorised* by the Securities and Futures Commission at the beginning of January 2012. Under the brand name XIE Shares, these ETFs will be an extension of EIP’s cost-effective index product offerings, launching on Thursday, 16 February 2012 and Tuesday, 21 February 2012.

These seven country-specific products intend to provide investment results that, before fees and expenses, closely correspond to the performance of seven local Emerging Asian stock exchange indices, providing investors with easy and immediate access to markets in India, Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand.

Set to be the first Hong Kong domiciled swap-based synthetic ETF platform managed by a local manager, EIP has been working closely with each country’s Stock Exchanges and relevant Index Providers. XIE Shares will offer simplicity and ease in trading for both institutional and retail investors and is expected to provide liquid and low cost passive investment to the Emerging Asian markets. Full product details will be announced during a press conference on Wednesday, 15 February 2012, with XIE Shares Korea, Malaysia, Taiwan and Thailand listed on the Hong Kong Stock Exchange on Thursday, 16 February 2012 and XIE Shares India, Indonesia and Philippines listed on the Hong Kong Stock Exchange on Tuesday, 21 February 2012.

The XIE Shares brand is a promise to offer investors transparency and liquidity, along with EIP’s expertise and experience in Asia. Having invested and grown the business in Asia, these new ETFs represent a key to entering Emerging Asian markets. The XIE Shares red chop logo is one of the most distinctive and familiar Asian symbols, tying together notions of tradition, simplicity and personal communication. The Chinese name 易亞 means “easy”, “trading” and “Asia”, and the XIE Shares name is reminiscent of the words “thank you” in Mandarin.

The funds will be managed by Paul So, Head of Beta Products at EIP. So says:
“XIE Shares ETFs are a unique offering providing investors with easy access to seven emerging markets in Asia, which consist of the largest blue chip companies in each market. The local stock exchange indices will therefore provide exposure to equity as well as local currency. XIE Shares are also extremely simple to use as they trade like a stock. Another unique asset is that our business model allows the ETFs to use multiple swap counterparties independent to the asset manager, which enables us to manage counterparty risks affecting the ETFs.”

Tobias Bland, CEO of EIP, adds:
“We have developed this product from concept to market over the past two years. The focus has been to allow simple access to the Asian Emerging markets, both long and short. Having worked at Jardine Fleming for nine years, I realised the potential in the Asia Emerging Markets and the frustration investors have felt with accessing them. The XIE Share ETFs will allow investors to trade seamlessly on the stock exchange in Hong Kong, without having the extra work to check foreign restrictions on F/X, market hours and other idiosyncratic differences in these markets. Investors need to make asset allocation decisions without being biased by the expense of the transaction; XIE Shares allows them to do this. We look forward to seeing the funds trade on the Hong Kong Stock Exchange.”


*Note: SFC authorisation is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

Note: Investment involves risk, including possible loss of principal. Please refer to the XIE Shares ETFs prospectus for further details including overall risk factors, such as risks associated with investing in emerging markets, risks associated with the use of financial derivative instruments for investment purposes, foreign exchange risks and also regulatory restrictions/interventions which these ETFs may be subject to. This press release has not been reviewed by the Securities and Futures Commission in Hong Kong.

(press release)


Hong Kong based investment management firm, Enhanced Investment Products Limited, was established in 2002 by a team from Jardine Fleming (now JP Morgan). Focused on the Asia-Pacific region, the firm offers hedge funds that are non-correlated to broad markets and cost effective index funds that closely track their respective indices.

Since its inception, EIP has provided beta investment opportunities in the Asia Emerging Markets through its Enhanced Index Funds, investing in Taiwan, China, India, Indonesia, Korea, Malaysia, Philippines and Thailand, to predominantly institutional investors.

EIP currently manages US$90 million in hedge fund strategies and US$255 million in Asian index funds. www.eip.com.hk


Tobias Bland, CEO of Enhanced Investment Products (EIP) participated in the 2010 Opalesque Hong Kong Roundtable: Source

BG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio