Market Chatter: TraHK Becomes Largest ETF in Hong Kong With HK$178 Billion Under Management

MT Newswires Live11-13 16:11

The Tracker Fund of Hong Kong (TraHK) became the largest exchange-traded fund (ETF) in the city, with its assets under management reaching HK$178 billion, The Standard reported Thursday.

Since 2022, Hang Seng Investment has managed TraHK, boosting its assets by 46% in two years and reducing the expense ratio to 0.07%, the report said.

With expansion globally, TraHK recently launched a feeder ETF on the Saudi Exchange, offering Middle Eastern investors access to Hong Kong's capital markets, the Standard said.

Hang Seng Investments is a unit of Hang Sang Bank. Executive Director Diana Cesar added that the Hong Kong fund is now going global and offering its products in different parts of the world, the publication noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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