Korean equity ETF launches in Hong Kong

The fund, which is the company's first ETF listing in Hong Kong, uses a replication strategy to track the performance of the Kospi 200 index, a measure of 200 South Korean blue chip companies. Hong Kong's stock exchange already plays host to the db x-trackers MSCI Korea TRN Index ETF and Lyxor ETF MSCI Korea but Mirae Asset says its fund is the first to provide access to the Kospi 200. Company chairman Joo Park says: "The Tiger Kospi 200 ETF breaks exciting new ground in the Hong Kong ETF market by seeking opportunities in the Korean equity market and more specifically, the Kospi 200....