Jurisdiction - Hong Kong
Hong Kong – Baker & McKenzie Advises ETF Securities On Listing Of Three Precious Metal Exchange Traded Funds.

6 December, 2012



Baker & McKenzie recenty acted as counsel to ETF Securities (HK)
Limited, a subsidiary of ETF Securities Group which is one of the leading independent providers of exchangetraded investment products and with expertise in commodities, on the listing of three new Exchange Traded Funds (ETFs) designed to provide investors with exposure to precious metals. The new ETFs are ETFS Physical Gold ETF, ETFS Physical Silver ETF and ETFS Physical Platinum ETF, primarily backed by physical metals held in secure vaults and which closely correspond to the performance of the London PM Fix for gold, London Fix for silver and London PM Fix for platinum respectively. The ETFs were listed on The Stock Exchange of Hong Kong (SEHK) on 28 November 2012.
This is the first time that a suite of precious metal ETFs have been launched in Hong Kong that track the London fixing price for silver and platinum.
The multi-disciplinary Baker & McKenzie team was led by partner and head of the retail funds practice in Hong Kong, Martin Tam, and also involved Hong Kong-based special counsel Sophia Man. Pierre Chan, partner in the tax group and Karen Man, partner in the financial services group also assisted with the transaction. The team had lead responsibility for advising on legal and regulatory issues relating to the establishment and listing of the ETFs and advising on related regulatory and compliance issues.
For further information, please contact:
Jamie Kar, Baker & McKenzie


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