03 05 2016

Samsung Asset Management launches the first crude oil exchange traded fund

International law firm Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited on the listing of the first crude oil exchange traded fund (‘ETF’) ever in Hong Kong.


The S&P GSCI Crude Oil ER Futures ETF will commence trading on The Stock Exchange of Hong Kong Limited on 29 April 2016. Samsung is known as a pioneer of futures-based ETFs in Korea, and is now pioneering ETFs in Hong Kong also. This new ETF is designed to closely correspond to the S&P GSCI Crude Oil Index Excess Return, which tracks the performance of the nearest month West Texas Intermediate Futures Contracts, and follows Samsung’s launch of its first two ETFs in Hong Kong in February 2015, the KODEX HSI Futures ETF and KODEX HSI Futures RMB FX ETF. The Simmons & Simmons team was led by financial markets partner Rolfe Hayden, assisted by financial markets consultant Eva Chan, both part of the international asset management and investment funds sector group. Involved fees earner: Rolfe Hayden - Simmons & Simmons; Eva Chan - Simmons & Simmons;

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