HKEX Launches Tech and Semiconductor Indices for ETF Development
HKEX has introduced two indices focusing on technology and semiconductors, aiming to enhance liquidity and product innovation. This move allows five asset managers to create ETFs based on these benchmarks.
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Hong Kong Exchanges and Clearing (HKEX) has launched the HKEX Tech and US Tech 100 Index and the HKEX KRX Semiconductor Index, marking a significant step in developing an index ecosystem. The HKEX KRX Semiconductor Index, co-branded with Korea Exchange, includes the KRX Semiconductor Top 15 Index and local semiconductor firms eligible for distribution in China via Stock Connect.
Five Chinese asset managers, including Bosera and E Fund Management, will utilize these indices for new exchange-traded funds (ETFs). This initiative is set to drive liquidity and support market development in the technology sector, potentially attracting more investments into the region.
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