Haitong International Asset Management has launched the first exchange-traded fund in the Hong Kong market offering broad ESG investment exposure on China’s A-shares. The Haitong MSCI China A ESG ETF started trading today (October 15) on the Hong Kong stock exchange with tickers 3031 for the HKD counter, 9031 for the USD counter, and 83031 for the renminbi counter.
The ETF tracks the MSCI China A ESG Universal Index, which selects stocks that possess robust ESG performance and development, and are large- and mid-cap Chinese stocks listed in Shanghai or Shenzhen that are available through Hong Kong’s Stock Connect. It helps investors invest in China ESG-themed companies with ease and in a cost-efficient manner, while generating higher risk-adjusted performance, the company said in a statement.
Comments Lin Yong, deputy chairman and CEO of Haitong International: “Haitong MSCI China A ESG ETF enriches the offerings of ETF products in Hong Kong market by filling in an existing product gap. Haitong International strives to instill ESG philosophy in the various areas where the company operates and implement impact investment by leveraging on its unique capital intermediary role of investment, financing, consultancy and research.”
The ETF has an initial issue price of 10 yuan with a trading board lot size of 1,000 units and a minimum creation/redemption of 500,000 units. Management fee is 0.60% per annum.