Hang Seng Investment Management launches the Hang Seng Japan Topix 100 ETF.

2024-06-27 15:20

Zhitongcaijing
On June 27th, Hang Seng Investment Management announced the issuance of the Hang Seng Japan TOPIX 100 Index ETF, opening up a channel for Hong Kong investors to invest in the Japanese stock market.
On June 27th, Hang Seng Investment Management announced the issuance of the Hang Seng Japan Tokosha 100 Index ETF, providing Hong Kong investors with a channel to invest in the Japanese stock market. This ETF is currently the only Japan Tokosha 100 Index ETF approved by the Hong Kong Securities and Futures Commission. Shirley Lee, Director and CEO of Hang Seng Investment Management, stated that as the largest ETF manager in Hong Kong, Hang Seng Investment is committed to expanding its expertise beyond the local market. Its diversified ETF investment portfolio covers the three major stock markets worldwide: China, the United States, and Japan, providing investors with a wider range of choices to optimize their portfolios. This also helps enhance the competitiveness of the Hong Kong ETF market and solidify Hong Kong's position as the leading ETF center in Asia.
It is understood that Japan is the world's third-largest stock market and also the largest ETF market in Asia. As of May this year, its assets under management (AUM) reached $563 billion. The Japan Tokosha 100 Index consists of the 100 largest and most liquid Japanese listed companies in the Tokosha Index. Over the past 10 years, the performance of the Japan Tokosha 100 Index has been quite impressive, with a cumulative increase of up to 3.21 times.
The Hang Seng Japan Tokosha 100 Index ETF will be listed on the Hong Kong Stock Exchange on July 10th. The initial offering will begin on July 2nd, with an offering price of HK$5 per unit. The trading size will be 100 fund units per lot.