(P.S. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. And it tracks 30 of the biggest technology growth companies listed on the Stock Exchange of Hong Kong.. Those companies must be part of the industrials, consumer discretionary, healthcare, financials, or information technology sector.. Get iShares Hang Seng TECH ETF (3067-HK:Hong Kong Stock Exchange) real-time stock quotes, news and financial information from CNBC. All Rights Reserved. They must also have high business exposure to technology themes such as the internet (including mobile), fintech, cloud computing, e-commerce, or digital. %USER_NAME% was successfully added to your Block List. Don’t have a brokerage account to invest in the Hong Kong-listed ETFs? Here’s a full list of the 30 components of the Hang Seng TECH Index and their respective weights: Source: Hang Seng Indexes (as of 31 August 2020). However, there are four ETFs tracking the Hang Seng TECH Index that investors can buy into. You can save your iShares Hang Seng TECH ETF ETF studies and create your own systems as well as having the option to set the colors of each object on the chart. However, do note that since the index components are growth companies, the index doesn’t trade at a low valuation. This comment has already been saved in your, Asian stocks fall as virus spread accelerates, Stock Rally Fizzles, Powell to Speak, Gloomy IEA - What's up in Markets, Dow Falls as Bears Sink Claws in Value on Record Surge in U.S. Cases. As of the end of March, HK$279.2 billion ($36 billion) in ETF assets were listed on the Hong Kong Stock Exchange, accounting for less than 1% of the global ETF industry. The Average Joe's Guide To Investing" – and work at The Motley Fool Singapore as an, You can contribute your thoughts like Sudhan P. Stay updated with the latest finance tips! In Depth: Why Hong Kong Is Poised to Benefit From a Rush of China Listings, In Depth: China’s Tech Giants Caught Between Tightening Scrutiny at Home and Abroad, Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow, Get exposure for your startup at RISE 2020, CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts, Meet 5 of the best startups selected to represent China at the largest technology event in Asia. Readers should always do their own due diligence and consider their financial goals before investing in any stock. However, BlackRock’s ETF will likely face challenges in attracting retail investors in Hong Kong. The iShares Hang Seng Tech ETF will track the Hang Seng Tech Index, which gauges the performance of the 30 largest tech companies listed in the city, according to a prospectus released on Tuesday. Other than the requirement above to be eligible, it must also meet at least one of the following criteria: Only companies incorporated in Greater China (mainland China, Hong Kong, Macau or Taiwan) and listed on the main board of the Hong Kong stock exchange will be eligible for selection. The index is weighted by free-float market capitalisation, which refers to a company’s total number of outstanding shares that can be publicly traded multiplied by its share price. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. Hong Kong’s Hang Seng Indexes recently launched the Hang Seng TECH Index. By doing so, you and %USER_NAME% will not be able to see Here Are The Popula…, A Tale of Two Indexes: Why Has the S&P 500 Recovered Faster Than the …, Working Adult: Diversify Your Portfolio Overseas For Better Investmen…, Semiconductor Manufacturing International Corporation (SMIC). Support quality journalism in China. Below is a table showing the various ETFs that investors can choose from: To know the latest index holdings and understand the risks involved with each ETF, you should refer to the ETF’s website. Investors should be comfortable paying a higher-than-normal valuation to invest in the fast-growing Chinese tech companies. Replace the attached chart with a new chart ? Based on back-tested performance over the past five years (as of 31 August 2020), the Hang Seng TECH Index would have posted a gain of 155% versus the Hang Seng Composite Index’s (similar to Singapore’s Straits Times Index) increase of just 16%. Do check out the best brokers backed by real user reviews if you wish to open an account!). For example, the iShares Hang Seng TECH ETF uses a representative sampling investment strategy that can result in a greater tracking error than a full replication investment strategy (used in STI ETFs). Get instant access to a free live streaming chart for the iShares Hang Seng TECH ETF ETF. Investors can trade the ETF using either U.S. dollars or Hong Kong dollars. The Hang Seng TECH Index comprises the 30 largest technology companies listed on the Hong Kong stock exchange. However, there are ETFs tracking the Hang Seng TECH Index that investors can invest in. Get instant access to a free live streaming chart for the iShares Hang Seng TECH ETF ETF. Subscribe to Caixin Global starting at $0.99. Time To Bet On These 3 Cyclical Stocks After Positive COVID-19 Vaccine News? The answer for a Nasdaq-like index for Hong Kong with a focus on technology companies has finally arrived. © 2007-2020 Fusion Media Limited. Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! the best brokers backed by real user reviews, Looking to Diversify Your Portfolio Towards Asia? The companies with the greatest market capitalisations will have the highest weights in the index. via internet/mobile platform); or, Have a research and development (R&D) expense to revenue ratio of more than or equal to 5%; or. BlackRock Inc., a major global money manager, plans to launch an exchange-traded fund (ETF) Thursday to track Hong Kong’s new index of technology stocks, giving a nod to the growing importance of Chinese tech giants among global investors. The Hang Seng TECH Index was launched on 27 July 2020. If you choose to go for the iShares Hang Seng TECH ETF due to its low expense ratio, you should also be satisfied with the ETF possibly using financial derivatives such as futures contracts and options to achieve its investment objective. Are you sure you want to delete this chart? Get detailed information about the iShares Hang Seng TECH ETF ETF including Price, Charts, Technical Analysis, Historical data, iShares Hang Seng TECH ETF Reports and more. It may therefore take some time before it appears on our website. Contact reporter Tang Ziyi (email@example.com) and editor Michael Bellart (firstname.lastname@example.org).
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