Hang Seng: Hong Kong ETF market's assets under management as of May this year increased by 6% compared to last year.

2024-06-27 14:01

Zhitongcaijing
The director and CEO of Hang Seng Investment Management Limited, Li Peishan, stated that the ETF market has great potential for development in Hong Kong and the region.
Li Peishan, Director and CEO of Hang Seng Investment Management Limited, stated that the ETF market has great development potential in Hong Kong and the region. The Hong Kong ETF market has shown resilience in the past 20 years, with total assets reaching over 400 billion Hong Kong dollars in May of this year. However, as of May 2024, the assets under management in the Hong Kong ETF market have increased by 6% compared to last year, but recorded outflows of about 2.7 billion US dollars.
Li Peishan pointed out that since the middle of last year, there has been a growing interest in stocks, with approximately 180 billion US dollars flowing into the stock market from the beginning of the year until May 29, an increase of about 12% compared to last year. With market expectations of interest rate cuts this year and steady economic recovery, investors are gradually entering the investment market to achieve better performance. Stock fund inflows accounted for about 90% of the total stock market fund inflows in the world's three major stock markets, including China, the United States, and Japan, this year.
Li Peishan mentioned that in the Chinese ETF market, although the performance of the Chinese and Hong Kong stock markets has been average in the past two to three years, the market has bottomed out and rebounded in the first half of this year. In recent years, benefiting from favorable economic and policy factors, the stock market has once again become the focus of the market this year. In the past few months, the bank has seen more overseas investors showing interest in Chinese stocks again. Although overseas investors are still generally underweight in Chinese stocks, the degree of underweighting has decreased since the beginning of the year, gradually improving the situation.
Li Peishan also mentioned that the Chinese ETF market is growing rapidly, with assets under management nearing 340 billion US dollars as of May 2024, an increase of 17% compared to last year. Supported by national funds injection since the beginning of the year, the market has seen net inflows of about 50 billion US dollars from January to May.
Hang Seng Investment Management announced the issuance of the "Hang Seng Nikkei 100 Index ETF", which is currently the only Nikkei 100 Index ETF approved by the Securities and Futures Commission in Hong Kong. By introducing this new ETF product, Hang Seng Investment further expands the investment scope of its products to cover the world's three largest stock markets, including China, the United States, and Japan.