The underlying index of the Mirae Asset Horizons S&P GSCI Crude Oil Enhanced Index Excess Return tracks the price of West Texas Intermediate crude oil futures contracts with different expiration dates.
The firm noted that the benchmark price of oil has dropped by more than 70% since June 2015, and the current price is far below the historical peak of $147 a barrel in 2008.
According to 10-year historical data drawn by S&P Dow Jones indices, crude oil not only offered downside protection against the fall of the Hang Seng and S&P 500 indices, the S&P GSCI Crude Oil Enhanced Index Excess Return was more effective than some indices in protecting investors against inflation in Hong Kong since 1995, the firm said.
The Hong Kong listing "is a testament to our commitment in providing a cost effective, liquid and transparent investment vehicle for investors to gain access to the dynamic crude oil market", said Jung-ho Rhee, president and chief executive.
Rhee added that the firm is keen to expand ETF capability and provide ETF educational information to serve the needs of Hong Kong investors.
After the Hong Kong listing, Mirae now has 177 ETFs listed on six stock exchanges. The assets under management of the global ETF platform total $10.8bn (£7.6bn, €9.6bn), according to the firm.