ChinaAMC expands Hong Kong ETF range with three targeted funds
China Asset Management (Hong Kong) has launched three exchange-traded funds designed to offer investors targeted exposure to Hong Kong dividends, Hong Kong growth stocks and a combined Hong Kong-US strategy. The products are scheduled to begin trading on September 30.
China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, has launched three exchange-traded funds in Hong Kong. The new products are a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF. The company is expanding its range as investors seek more diversified strategies amid market volatility, according to the supplied report.
The funds are scheduled to list on the Hong Kong stock exchange on September 30. They will have trading counters denominated in Hong Kong dollars and yuan, giving investors a choice of trading currencies. The high-dividend product is aimed at a targeted segment of the Hong Kong market, while the growth fund offers a separate strategy focused on growth-oriented exposure.
The “Halo” product is described as combining Hong Kong and US elements, although the source material does not provide details of its holdings or methodology. The launch adds three products to ChinaAMC’s Hong Kong line-up at a time when the firm says demand is growing for more targeted investment strategies. The available information does not state the funds’ fees, assets, benchmarks or expected returns.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.