CLSA firm lists HK's first 'Chimerica' ETF

Hong Kong’s first ETF tracking US-listed Chinese firms will start trading today on the city’s stock exchange with about HK$300 million ($38.7 million) in AUM at launch. The new physically-backed fund, which is predominantly composed of internet stocks, comes months before US-listed Chinese become eligible for inclusion in a key global equity index, which could lead to a surge in demand. However, it comes after a series of ETF delistings from Hong Kong’s bourse in recent months, …