Samsung Asset Management (Hong Kong) (SAMHK), has launched the first ever futures-based exchange traded fund (ETF) in Hong Kong - KODEX HSI Futures ETF and KODEX HSI Futures RMB FX ETF. The two new ETFs, SAMHK's first listed products in Hong Kong, started trading on the Hong Kong Stock Exchange today. SAMHK is a fully-owned subsidiary of Samsung Asset Management Company (SAM), the leading asset manager in Korea and a Korean ETF market leader.

The KODEX HSI Futures ETF is the first ever futures-based ETF in Hong Kong which directly invests in the Hang Seng Index (HSI) Futures Contracts, whereas the KODEX HSI Futures RMB FX ETF directly invests in the HSI futures contracts using a portion of the sub-fund's cash asset as a margin requirement with the remaining cash assets invested in short-term renminbi products.

In the case of the KODEX HSI Futures RMB FX ETF, the features of futures investments makes the product unique in that it delivers returns from two exposures - HSI Futures as well as renminbi movement. Also, as both ETFs invest in futures and not Hong Kong stocks, they are exempt from stamp duties.