The first Hong Kong-listed Nikkei 225 Index ETF was launched today on the Hong Kong Stock Exchange.

2024-01-31 17:12

Zhitongcaijing
On January 31, the first Nikkei 225 Index ETF in Hong Kong, the Southbound Nikkei 225 Index ETF, was listed on the Hong Kong Stock Exchange.
On January 31st, the first Nikkei 225 Index ETF in Hong Kong - the Southbound Hang Seng Index ETF (03153) was listed on the Hong Kong Stock Exchange. The ETF was listed at a price of approximately HK$78 per unit, with a trading unit size of 10 shares, and a management fee of 0.99% of the fund's net asset value per year. As of the closing of today, the ETF rose by 0.42% with a total trading volume of HK$46.1637 million. The top ten component stocks of the Southbound Hang Seng Index ETF include, Xun Xiao (06288), SoftBank Group (9984), Daikin Industries (6367), etc.
It is reported that the Nikkei 225 Index, published by the Tokyo Stock Exchange, is a price-weighted average index composed of 225 stocks listed on the first section of the Tokyo Stock Exchange, widely used as a benchmark for the Japanese stock market. Since March last year, the strong performance of the Nikkei 225 Index has attracted a large number of investors, leading to a premium in the QDII funds of four domestic ETFs linked to the Nikkei 225 Index. On January 16th, the largest Hang Seng Nikkei 225 ETF's intraday premium rate reached as high as 22.40%.
In August last year, the Japanese government stated that the battle against deflation over the past 25 years may have reached a "turning point" and the Japanese economy is expected to move towards moderate inflation and sustainable growth. With expectations of a rate hike by the Bank of Japan, coupled with Japan's new policies encouraging retail investors to invest in Japanese stocks, funds continue to flow into the Japanese stock market. The Nikkei 225 Index rose nearly 30% last year, ranking first among major markets globally.