Question 4 (20 marks)
(a) The Hong Kong government became an active market participant which b...
Question 4 (20 marks)
(a) The Hong Kong government became an active market participant which bought about US$15 billion shares of companies trading on the Hang Seng Index in August 1998 in the face of the Asian economic crisis. Discuss the pros and cons of its actions. (10 marks)
(b) Discuss the major risks of buying Exchange Traded Funds (ETF). (5 marks)
(c) What are the major challenges in developing ETF products in Hong Kong?
(5 marks)
Answers: 3
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