Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited on its first exchange traded funds (ETFs) listings in Hong Kong, the KODEX HSI Futures ETF and KODEX HSI Futures RMB FX ETF. Samsung is a pioneer of futures-based ETFs in Korea.

These listings will be the first-ever futures-based ETFs to be listed in Hong Kong. The ETFs track the HSI Futures Index and HSI Futures RMB FX Index. In the case of the KODEX HSI Futures RMB FX ETF, the ETF is unique in that it delivers returns from two exposures: the HKD performance of HSI Futures as well as the currency return of RMB against HKD. These ETFs commence trading on the Hong Kong exchange on 12 February 2015.

The Simmons & Simmons team was led by partner Rolfe Hayden, assisted by consultant Eva Chan.

Commenting on the transaction, partner Rolfe Hayden, said: ‘‘the listing of these two ETFs in Hong Kong will further strengthen Hong Kong’s position as Asia’s leading ETF centre whilst increasing the choice of ETF investment products available to Hong Kong institutions and retail investors. We are pleased to have assisted Samsung with the listing of these complex funds. This showcases the depth of the firm’s expertise in the ETF industry as well as the value that our team and presence provides to our global clients in the region.’’