Solactive AG is proud to announce its inaugural partnership with Ping An of China Asset Management (Ping An Asset Management (Hong Kong)), a global leader in integrated financial services, to support the launch of the Ping An East-West Select ETF. The ETF tracks the Solactive Global Pacific Select HKD Index and aims to provide investors with diversified exposure to leading companies from both Hong Kong and the United States.
The current macroeconomic environment highlights the complementary strengths of the Hong Kong and U.S. equity markets. Hong Kong offers compelling valuations, attractive dividend yields, and robust capital inflows from mainland China[1]. Meanwhile, U.S. large-cap equities continue to demonstrate resilience and global leadership in innovation, particularly in sectors such as AI and technology. This dual exposure reflects a unique aspect of the global financial landscape, naturally generating a portfolio diversified across economic cycles, leading sectors, and geopolitical factors.
The Solactive Global Pacific Select HKD Index, is designed to capture the synergy between Eastern growth and Western stability. It leverages Hong Kong’s pivotal role as a ‘super-connector’, strategically blending high-growth Hong Kong-listed companies with resilient U.S. large-cap equities, offering investors a geographically and sectorally balanced portfolio that captures global growth opportunities while mitigating region-specific risks.
The Hong Kong component of the index is selected from Hong Kong-listed securities and filtered through strict eligibility criteria, including liquidity and free-float market capitalization thresholds, a minimum three-year dividend history, and Southbound Stock Connect eligibility. Constituents are ranked using a robust composite quality score based on profitability and growth metrics, with the top 30 securities selected. The U.S. component is drawn from the Solactive GBS United States 100 Index, with certain sectors excluded to align with the index’s strategic focus. A systematic capping mechanism is applied at the single stock, sector, and regional levels to enforce balanced diversification and maintain the integrity of the index’s core strategy.
The Ping An East-West Select ETF was listed on the Hong Kong Stock Exchange on 9th September under the ticker code 3477 (HKD Counter) / 9477 (USD Counter).
Steffen Scheuble, Chief Executive Officer at Solactive, commented: “We’re excited to partner with Ping An Asset Management (Hong Kong) for the first time. The Solactive Global Pacific Select Index exemplifies our commitment to intelligent, forward-looking indexing. By combining high-quality Hong Kong firms with stable U.S. market leaders, we offer investors a powerful tool for global diversification.”
Albert Wang, Head of Capital Markets and CIO of PAAMC HK, commented: “We are delighted to partner with Solactive to launch the Ping An East‑West Select ETF. The ETF employs a ‘barbell’ equity allocation by combining the valuation and income characteristics of Hong Kong high‑dividend stocks with the long‑term strengths of U.S. blue chips. Leveraging our investment expertise and Solactive’s rigorous and robust index methodology, we aim to provide investors with a balanced and diversified allocation instrument intended to navigate different market environments, and capture global growth over the long term.”
[1] Reuters. Chinese money fires up Hong Kong shares.
