BGI to launch its own Tracker Fund

ETFs in Asia have floundered, except for SSGA''s Tracker Fund of Hong Kong, which enjoys unique government backing.
Barclays Global Investors is preparing to launch an exchange-traded fund ETF based on the MSCI China Free Index in Hong Kong, and the name of the fund will include the term 'Tracker', says Mark Roberts, principal and product strategist. He will be moving from Tokyo to Hong Kong next month to oversee the launch.

Roberts says officials at Hong Kong's Securities and Futures Commission suggested the use of the Tracker name as well as BGI's trademarked iShare name, no doubt to make a connection among retail investors with the hugely successful Tracker Fund of Hong Kong TraHK, which follows the Hang Seng Index. Local retail investors in general have little awareness...

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