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First ETFs Tracking Platinum and Silver Prices to Debut at HKEx

Products
27 Nov 2012

Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the pending listing tomorrow (Wednesday) of three precious metals-related Exchange Traded Funds (ETFs) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, including the Exchange’s first silver and platinum ETFs.

The ETFs will be the first three launched by ETF Securities (Hong Kong) Limited, or ETFS, on the Exchange.  All three ETFs - ETFS Physical Gold ETF (Stock code: 2830), ETFS Physical Silver ETF (Stock code: 3117) and ETFS Physical Platinum ETF (Stock code: 3119) are designed to track the London benchmark prices of the respective metals.

The ETFS Physical Gold ETF will be the Exchange's fourth gold ETF.  The total number of ETFs will increase to 100 and the number of ETF managers will increase to 21.

"We are pleased to welcome ETF Securities and their three commodity ETFs to the Hong Kong ETF market" said Calvin Tai, Head of Trading at HKEx.  "The introduction of the first ETFs on silver and platinum will further enrich our product offerings in precious metals.  These three new ETFs are also in line with our corporate strategy to diversify by adding asset classes to our equities and equities-related products."

This has been a record year for the Hong Kong ETF market, with the launch of 35 new ETFs, including the three to be listed tomorrow, the first renminbi (RMB) ETFs, the first RMB Qualified Foreign Institutional Investors, or RQFII, A-share ETFs and the first dual counter ETFs trading in both RMB and Hong Kong dollars. Other major investment themes of the ETFs launched this year relate to Hong Kong and regional equity indices.

Investors are advised to read ETF prospectuses in full before making any investment decisions.  Information on the risks of ETFs and their structures is available on the HKEx website and on the SFC website.


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Updated 27 Nov 2012