Hang Seng Indexes Licenses GF Fund to Use Hang Seng TECH Index as Basis for ETF
(Hong Kong, 12 May 2022) – Hang Seng Indexes Company has licensed the Hang Seng TECH Index to GF Fund Management Co., Ltd. (‘GF Fund’) to serve as the underlying index for the creation of an exchange-traded fund (‘ETF’). The ETF was listed on the Shanghai Stock Exchange on 12 May 2022 with assets under management (‘AUM’) of RMB218million as at 27 April 2022.
Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index's screening criteria.Since its launch in 2020, the Hang Seng TECH Index has gained substantial attention in the market.
The new ETF will bring the number of exchange-traded products linked to indexes in the Hang Seng Family of Indexes to 111–with listings on 16 different stock exchanges across the world.As of 30 April 2022, AUM in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD37.7billion.
For further details of the Hang Seng TECH Index, please click here.
About Hang Seng Indexes Company Limited
Hang Seng Indexes Company Limited (‘Hang Seng Indexes Company’) manages and compiles the Hang Seng Family of Indexes, which cover stocks listed in Hong Kong and Mainland China. Our index series includes the Hang Seng Index, the Hang Seng China Enterprises Index and the Hang Seng TECH Index, as well as Stock Connect, Greater Bay Area and sector-related indexes. As at the end of 2021, assets under management in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD44billion. Hang Seng Indexes Company is a wholly owned subsidiary of Hang Seng Bank. For further information on the Hang Seng Family of Indexes, please visit www.hsi.com.hk