Hong Kong Regulator Approves Synthetic ETFs; First in 18 Months
This article is for subscribers only.
Hong Kong’s regulator approved six Deutsche Bank AG synthetic exchange-traded funds, the first time it has allowed such products since July 2010.
Synthetic ETFs are investments that mimic the behavior of exchange-traded funds through the use of derivatives such as swaps. The products, authorized on Dec. 30, are part of Deutsche Bank’s db X-trackers series, according to the Securities and Futures Commission website.