HONG KONG (Feb 23): Preparations are underway in Singapore for the first new listing of leveraged and inverse exchange-traded funds in almost eight years.

Singapore Exchange last week published a new web page about the products, described as "a form of passive collective investment schemes (like ETFs) and structured as open-end funds," following revised guidelines from the Monetary Authority of Singapore in August.

Singapore, along with Hong Kong, is seeking to capture a bigger share of an expanding pie through types of funds that have seen success in Japan, Taiwan and Korea.

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