Hong Kong Super-Rich Seek KOSPI Openings as Omnibus Accounts and ETFs Draw Attention

About 40 Hong Kong “super-rich” clients managing assets worth $1 billion, or about 1.48 trillion won, visited Hana Securities headquarters in Yeouido, Seoul, on May 14. Hong Kong’s Futu Securities and CSOP Asset Management held a “Korea Research” session for Futu VIP clients, who are set to review KOSPI opportunities through two days of IR meetings with major Korean listed companies. The backdrop is wider use of foreign omnibus accounts, which let foreign investors trade and settle Korean shares through overseas financial investment firms. Hana began the service with Emperor Securities last year and plans to launch it with Futu in June. The Hong Kong-listed CSOP SK Hynix Daily 2x Leveraged ETF had AUM nearing 8 trillion won last year. Source: hankyung.com