By: Tien Yu-pin and Frances Huang
Taipei, April 9 (CAN) Several investment trust companies in Taiwan are
seeking to issue exchange-traded funds (ETFs) linked to the Hang Seng Index series in a bid to tap into the fast growing ETF trade in the local equity market, according to the Taiwan Stock Exchange (TWSE).
Fuhwa Securities Investment Trust Co. (復華投信) is one of the companies that have applied for certification of the Hang Seng China Enterprise Index, the Hang Seng China Enterprise Leveraged Index and the Hang Seng China Enterprise Short Index, as it prepares to issue linked ETFs, the TWSE said.
Meanwhile, Fubon Asset Management Co. (富邦投信) has filed an application for certification of the Hang Seng China Enterprise Leveraged Index and the Hang Seng China Enterprise Short Index for future ETF issuance, the TWSE said. [FULL STORY]