HSBC reports this morning from Hong Kong that it has been appointed trustee for BlackRock's iShares MSCI Emerging Markets ETF (HK), the first domiciled master-feeder exchange-traded fund structure in the former British colony.

The bank adds that BlackRock has launched its new feeder ETF after listing in the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder regime in the territory.

The relaxation announced last December allowed feeder structures to invest in overseas master ETFs, subject to conditions but importantly without the master ETF requiring to go through the SFC authorization process, it goes on to say.

HSBC says this is also the first locally domiciled Hong Kong ETF to track the MSCI Emerging Market Index and provides investors additional investment opportunities.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

HSBC reports this morning from Hong Kong that it has been appointed trustee for BlackRock's iShares MSCI Emerging Markets ETF (HK), the first domiciled master-feeder exchange-traded fund structure in the former British colony.

The bank adds that BlackRock has launched its new feeder ETF after listing in the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder regime in the territory.

The relaxation announced last December allowed feeder structures to invest in overseas master ETFs, subject to conditions but importantly without the master ETF requiring to go through the SFC authorization process, it goes on to say.

HSBC says this is also the first locally domiciled Hong Kong ETF to track the MSCI Emerging Market Index and provides investors additional investment opportunities.