now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk

Asset Management / Wealth Management
Yinhua Fund ETF licensed to track Hang Seng index
Index seeks to reflect the performance of HSI-listed companies eligible under Southbound Stock Connect
The Asset 21 Jun 2024

Hang Seng Indexes Company has granted Yinhua Fund Management a licence to use the HSI SCHK Index as the underlying index for a newly launched exchange-traded fund.

The ETF was listed on the Shenzhen Stock Exchange on Friday (June 21), with initial assets under management totalling 213 million yuan (US$29.33 million).

The HSI SCHK Index aims to reflect the performance of Hang Seng Index constituents that are eligible under the Southbound Stock Connect. The index applies an industry-neutral strategy that aims to achieve the same industry distribution as the Hang Seng Index.

From December 29 2023 to June 5 2024, the HSI SCHK Index has recorded an impressive gain of 9.6%, which is similar to that of Hang Seng Index (8.1%), both outperforming the broad market by 1.9 and 0.4 percentage points respectively.

The new ETF is the first exchange-traded product tracking the HSI SCHK Index and the 117th linked to an index within the Hang Seng family of indexes. These products are listed across 12 stock exchanges globally.

As of May 31 2024, the AUM of all products that passively track the Hang Seng family of indexes totalled US$69 billion.

Conversation
Mildred Chua
Mildred Chua
managing director and group head of syndicated finance
DBS
- JOINED THE EVENT -
In-person roundtable
Finding opportunity amid volatility
View Highlights
Conversation
Wendy Yeo
Wendy Yeo
director, fund management
iFAST Financial
- JOINED THE EVENT -
In-person roundtable
Asia and the future of funds
View Highlights