Asia
Taiwanese issuer Fubon is bringing its Hong Kong tracking ETF back home to Taipei.
The Fubon Hang Seng H-Share Index ETF (00700), which the Taiwanese company listed in Hong Kong first, tracks the biggest companies in Hong Kong (H shares).
Corporate Action
State Street’s Insurance ETF (KIE) has benefitted from legal action against insurance company Genworth Financial. Genworth has agreed to cough up $20 million to investors who claim Genworth concealed poor market conditions prior to launching in Australia. The overall NAV impact on each KIE unit will be $0.0264.