Hong Kong Exchanges and Clearing Limited (HKEx) is offering investors more choices in Exchange Traded Funds (ETFs) with the listing of the market's first global and regional equity ETFs today (Wednesday), and the listing of the first ETFs on US equities (Nasdaq stocks) and commodities next week.
The above ETFs are among the following six being introduced inHong Kong this month by Lyxor International Asset Management (Lyxor), a subsidiary of Societe Generale Group and a leading manager of ETFs listed in Europe:
New Hong Kong-listed ETFs
|
Stock Code |
Name |
Underlying assets |
Listing date |
|
2812 |
Lyxor ETF MSCI World |
Global stocks |
|
|
2815 |
Lyxor ETF MSCI AC Asia-Pacific ex Japan |
Asia-Pacific stocks |
|
|
2810 |
Lyxor ETF MSCI |
Indian stocks |
|
|
2813 |
Lyxor ETF MSCI |
Korean stocks |
|
|
2826 |
Lyxor ETF Nasdaq-100 |
Nasdaq stocks |
|
|
2809 |
Lyxor ETF Commodities CRB |
Commodities |
|
As passively-managed exchange-traded investment instruments, ETFs can offer investors advantages such as diversification, transparency, low management fees, intra-day trading, short selling and efficient settlement.
The ETF market in Hong Kong is the largest in Asia-Pacific excluding Japan with average daily turnover of over $500 million according to statistics published by the World Federation of Exchanges.
In recent years, ETFs have grown rapidly in Hong Kong and major overseas markets. In addition to the two additions from Lyxor today, the nine ETFs below are currently listed on HKEx's securities market. At the end of this month, there will be 15 ETFs listed in Hong Kong, the nine below and the six Lyxor funds.
|
Stock Code |
Name of ETF |
Underlying assets |
|
2800 |
Tracker Fund of |
|
|
2801 |
iShares MSCI China Tracker |
|
|
2828 |
Hang Seng H-Share Index ETF |
|
|
2833 |
Hang Seng Index ETF |
|
|
2838 |
Hang Seng FTSE/Xinhua |
|
|
2819 |
ABF Hong Kong Bond Index Fund |
|
|
2821 |
ABF Pan Asia Bond Index Fund |
Asian bonds |
|
2823 |
iShares FTSE/Xinhua A50 China Tracker |
Mainland A shares |
|
2836 |
iShares BSE SENSEX India Tracker |
Indian stocks |
"We believe innovation is important for the future growth of the Hong Kong securities market as well as HKEx," Eric Yip, HKEx's Head of Cash Market, said. "Business expansion is a core part of our Strategic Plan for 2007 to 2009 and we are committed to further developing the ETF market based on the very successful platform we have already established. We will facilitate new and existing fund managers to expand their presence and launch new products in Hong Kong."
