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The new fund aims to provide investment access to China's growing tech sector
HSBC Global Asset Management (HSBC GAM) has launched the first UCITS ETF tracking the Hang Seng TECH Index on the London Stock Exchange (LSE).
HSBC Hang Seng TECH UCITS ETF aims to provide investment access to China's growing technology sector by following the performance of the Hang Seng TECH index, which targets the 30 largest technology companies listed on the Stock Exchange of Hong Kong. The index contains companies from five different sectors including information technology, industrials, healthcare, consumer discretionary and financials. HSBC GAM appoints Stuart Kirk as global head of research and insights To be eligible, companies must have a strong exposure to one of five themes; cloud, e-commerce, digital, fintec...
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