HSBC first out the door with bond ETF

Assuming regulators sign off, it will announce a Hong Kong dollar ETF on June 20.

HSBC Asset Management is expected to announce the launch of a Hong Kong dollar exchange-traded fund on June 20, with the actual launch slated for the following day, provided it meets approval from the Securities and Futures Commission, firm executives confirm. It will be listed on the Hong Kong Stock Exchange.

The product is to be initially seeded by 11 of the region's central banks supporting the Asian Bond Fund initiatives. But HSBC-AM officials would not comment on the structure of the ETF, noting the process has been driven by the Hong Kong Monetary Authority, which has been leading efforts on the second Asian Bond Fund on behalf of...

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