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CSOP AM to roll out Hang Seng Tech L&I products

Six managers have launched ETFs tracking the index consisting of Hong Kong-listed technology stocks.

The platform includes two ETFs managed by Mirae Asset and Haitong International.

Despite stricter rules governing index funds, passive investment demand will continue to drive the ETF boom, according to Cerulli Associates.

The firm will focus on products that have continued to generate strong demand, which include five Xtracker ETFs that are still on the exchange.

Two Shenzhen-listed ETFs will each invest in products managed by Hang Seng Investment Management and CSOP Asset Management in Hong Kong.

The US asset manager will close its Hong Kong ETF business and move its regional HQ to Shanghai.

Overall, ETF AUM across Asia (ex-Japan) fell by 0.8% during the first five months.

ETFs investing in the video games and e-sports industry have returned around 40% since January.

The Singapore-based asset manager has teamed up with FNZ Group to offer an app for retail investors to construct individual portfolios.

Competitor CSOP AM manages the same kind of products, which have become the largest L&I funds in the SAR.