Avoid profanity, slander or personal attacks. What’s the Hang Seng TECH Index About? 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. Following its launch, exchange-traded funds (ETFs) that track the index have also cropped up so that investors can gain exposure to the high-growth Chinese tech companies. Please note that all comments are pending until approved by our moderators. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. %USER_NAME% was successfully added to your Block List. But I love investing in monopolies. Fret not, ask our community here! Please wait a minute before you try to comment again. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. One cannot invest directly in an index. 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.
Meanwhile, mom-and-pop investors in the city prefer stocks to stock market indexes, which explains why its ETF market is relatively small. Looking to invest in FAANG stocks of the East? By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts. The Hang Seng TECH Index comprises the 30 largest technology companies listed on the Hong Kong stock exchange. All Rights Reserved. (P.S. 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.. 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. Subscribe to Caixin Global starting at $0.99. Do check out the best brokers backed by real user reviews if you wish to open an account!). Support quality journalism in China. Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Some of the companies from the index include well-known names like Alibaba, Tencent, Meituan Dianping, JD.com, and Xiaomi. All Rights Reserved. Economic Events and content by followed authors, Write your thoughts about iShares Hang Seng TECH ETF. Hong Kong’s Hang Seng Indexes recently launched the Hang Seng TECH Index. It must be a technology-enabled business (e.g. One cannot invest directly in an index. They must also have high business exposure to technology themes such as the internet (including mobile), fintech, cloud computing, e-commerce, or digital. 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. Get iShares Hang Seng TECH ETF (3067-HK:Hong Kong Stock Exchange) real-time stock quotes, news and financial information from CNBC. If you would like to diversify your portfolio into fast-growing Chinese tech companies, the Hang Seng TECH Index ETF could be it. 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).
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Right now, let’s explore what the new index is all about and the options available for investors to easily diversify their portfolio. The Hang Seng TECH Index was launched on 27 July 2020.
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). Readers should always do their own due diligence and consider their financial goals before investing in any stock. Get instant access to a free live streaming chart for the iShares Hang Seng TECH ETF ETF. Still have more questions after reading the article? Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! As of 17 July 2020, the Hang Seng TECH Index had a price-to-earnings (P/E) ratio of 45x while the Hang Seng Composite Index’s P/E ratio stood at just 12x. However, BlackRock’s ETF will likely face challenges in attracting retail investors in Hong Kong. Your ability to comment is currently suspended due to negative user reports. Hang Seng TECH Index ETF: iShares Hang Seng TECH ETF : Ticker: 3033: 3088(HKD) 9088(USD) 3032: 3067(HKD) 9067(USD) Exchange: HKEx: HKEx: HKEx: HKEx : AUM: HKD 4.32 billion: HKD 399.59 million: HKD 301.15 million: HKD 994.42 million: Expense Ratio ~1.05% ~0.60% ~0.87%: 0.25%: Number of Holdings: 30: 30: 30: 30: Minimum Board Lot Size: 200: 200: 200: 100: Top 3 Holdings: Sunny Optical Technology … 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. 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. Those companies must be part of the industrials, consumer discretionary, healthcare, financials, or information technology sector. Sign up to create alerts for Instruments, However, there are four ETFs tracking the Hang Seng TECH Index that investors can buy into.
Don’t have a brokerage account to invest in the Hong Kong-listed ETFs? 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. 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. 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. The iShares Hang Seng China TECH ETF seeks to track the performance of the Hang Seng China TECH Index, an index composed of the 30 largest Chinese technology companies listed on the Hong Kong stock exchange (HKEX) that have high exposure to tech themes, such as the Internet, cloud computing, and e-commerce. 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. In many cases, banks sell fund managers’ ETFs to customers, acting as an intermediary. 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. the best brokers backed by real user reviews, Looking to Diversify Your Portfolio Towards Asia? It may therefore take some time before it appears on our website. Susan Chan, head of Asia at BlackRock, said investors in China and Southeast Asia have shown growing interest in the Hang Seng Tech Index. Some of the index components include companies such as Lenovo Group, NetEase, and Xiaomi. 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). Investors should be comfortable paying a higher-than-normal valuation to invest in the fast-growing Chinese tech companies. 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. However, do note that since the index components are growth companies, the index doesn’t trade at a low valuation.
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However, there are ETFs tracking the Hang Seng TECH Index that investors can invest in. Copyright © 2019 Caixin Global Limited. BlackRock is the fourth company to roll out an ETF tracking the index, following CSOP Asset Management Ltd., China Asset Management Co. Ltd. and Hang Seng Investment Management Ltd. As of Wednesday, the Hang Seng Tech Index was up almost 10% from its July 27 launch. Are you sure you want to block %USER_NAME%?
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! The companies with the greatest market capitalisations will have the highest weights in the index. The answer for a Nasdaq-like index for Hong Kong with a focus on technology companies has finally arrived. and participate in the lively discussion regarding stocks! Replace the attached chart with a new chart ? Your status will be reviewed by our moderators.
via internet/mobile platform); or, Have a research and development (R&D) expense to revenue ratio of more than or equal to 5%; or. 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%.
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The article has been edited to highlight the risk involved with a representative sampling strategy for the iShares Hang Seng TECH ETF.
The broader Hang Seng Index was nearly flat over the same period. Caixin China Biz Roundup: Hong Kong and Singapore to Launch ‘Air Travel Bubble’, Gallery: China ‘Double 11’ Buyers, You’ve Got Mail, Local Governments Near Completion of Annual Special Bond Borrowing, Cover Story: Why Ant Group’s IPO May Stay on Ice for a While, American Chamber of Commerce in Hong Kong Sells Headquarters, China’s 3-Year Crackdown Leaves Just Three P2P Lenders Standing. Are you sure you want to delete this chart? The Hang Seng TECH Index was launched on 27 July 2020. HANG SENG TECH ETF ( | ) mit aktuellem Kurs, Charts, News und Analysen. The new ETF will likely funnel more investor funds into Hong Kong-listed tech stocks, which include titans like Tencent Holdings Ltd. and Alibaba Group Holding Ltd., just as a growing number of U.S.-listed Chinese tech companies have filed for a secondary listing in the city amid rising China-U.S. tensions. You have the option to change the appearance of the charts by varying the time scale, chart type, zooming in to different sections and adding new studies or indicators such as RSI, MACD, EMA, Bollinger Bands, Fibonacci retracements and many more.
Index components will be reviewed and rebalanced every quarter (data cut-off occurs end of March, June, September, and December).