CLSA firm lists HK's first 'Chimerica' ETF
Asset manager EIP will today launch Hong Kong's first ETF tracking US-listed Chinese firms, with the index primarily composed of internet stocks. It comes just months after brokerage CLSA acquired a stake in the firm.
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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, …
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