Hang Seng Index Company stated that recently, they have authorized E Fund Management Co., Ltd. ("E Fund") to use the Hang Seng Hong Kong Stock Connect Index as the tracking index for the E Fund Hang Seng Hong Kong Stock Connect ETF, which is an open-ended index securities investment fund for trading on the exchange. The fund was listed on the Shenzhen Stock Exchange on June 21. As of June 14, 2024, the total asset under management of the fund is approximately 213 million RMB. The Hang Seng Hong Kong Stock Connect Index aims to reflect the performance of Hang Seng Index constituent stocks that can be traded through the Hong Kong Stock Connect. The index adopts an industry-neutral strategy, with the goal of having the same industry distribution as the Hang Seng Index. From December 29, 2023 to June 5, 2024, the Hang Seng Hong Kong Stock Connect Index recorded a respectable return of +9.6%, which was similar to the performance of the Hang Seng Index (+8.1%), both outperforming the market by 1.9 and 0.4 percentage points respectively. It is reported that the above-mentioned fund is the first exchange-traded fund tracking the Hang Seng Hong Kong Stock Connect Index. With the addition of this fund, there are a total of 117 exchange-traded products linked to the Hang Seng Index series globally, listed on 12 different exchanges. As of May 31, 2024, the total assets under management of passively tracking the Hang Seng Index series products are approximately 69 billion USD.