The average daily turnover of Southbound ETFs via Stock Connect reached HK$215.7m in the first month of its launch.
Strong ETF inflows have driven increased demand for gold in the first six months of the year, despite a weaker second quarter, finds the latest quarterly report from the World Gold Council.
The firm now boasts 28 ETFs and ETPs in Hong Kong, with its latest product offering exposure to some of the highest dividend-yielding securities in the region.
Bank of Singapore hires; Managed floor dreams; Asset management consolidation; Bottoming or something else; Goodhart’s Law; Vanguard’s ESG realism; State Street’s ETF portal; and much more.
Ugly-stick stock markets; Blackrock’s crypto ETF; Capital Group wants to be boring; Fee cuts galore; Jupiter public dressing down; HSBC break up; HKD digital; and much more.
The product tracks an index comprising global companies with low carbon intensity.
The agreement aims to extend their ETF distribution across Asia.
The three products start trading on the Hong Kong stock exchange today.
The CSOP Metaverse Concept ETF mainly invests in US-listed companies.
Nikko Asset Management and Straits Trading Company have partnered to offer the product.