Deacons Assisted Fubon to Launch Hong Kong’s First L&I Products Focused on Taiwan

October, 2021 - China

Deacons Financial Services team recently assisted Fubon Fund Management in listing two exchange-traded funds (ETFs) on the HKEX. The two products are the first leveraged and inverse (L&I) ETFs listed in Hong Kong that trackthe performance of the Taiwan stock market via Singapore Exchange’s futures contract on the FTSE Taiwan RIC Capped Index, which represent the performance of Taiwan large- and mid-cap stocks. The involvement of the three markets – being listed in Hong Kong, reflecting performance of Taiwan market with futures traded in Singapore – adds to the uniqueness of the L&I products launched this time.

The team was led by Partner Pinky Siu and Associates Goofy Chan. Pinky has substantial experience advising on the establishment of a wide range of funds in Hong Kong, including retail SFC-authorised funds, ETFs, constituent funds of MPF schemes, approved pooled investment funds and index-tracking collective investment schemes. Other funds matter led by Pinky includes the Shanxi Securities’ first ETF. The Deacons team is known for assisting clients in launching novel and innovative funds. We recently assisted CSOP to list its HSI ETF.