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Amundi launches Asia exchange traded fund offering with Hong Kong-domiciled ETF

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Amundi has added to its exchange traded fund offering with the launch of its first Hong Kong-domiciled exchange traded fund. The ETF tracks closely a large-cap Hong Kong index provided by Hang Seng and is the first on the market on its exposure.

This launch marks Amundi’s debut ETF offering in Asia and is an important step in the company’s development plan for the region.

Matthieu Guignard, Global Head of Product Development and Capital Markets at Amundi ETF, Indexing & Smart Beta, says: “Amundi’s first listing on the Hong Kong market represents a new milestone in the group’s ETF development. Building on our strong experience as a leading ETF provider in Europe, we have the ambition to become a reference ETF provider for both institutional and retail  investors in Asia, leveraging on the strong pillars of cost efficiency and innovation that have long been at the heart of our success.”

This new ETF tracks a Hong Kong index provided by Hang Seng that includes the 35 largest Hong-Kong listed companies which derive the majority of their revenue outside of China’s mainland market.

The ETF brings investors several benefits including cost efficiency with lower ongoing charges than the average on Hong Kong ETF market. It also meets investor demand for a pure exposure to the Hong Kong economy, helping diversify their portfolios from mainland China stocks.

Amundi is in the top-5 provider of ETFs in Europe with more than 30 years’ experience in index management. The European asset manager, which considers Asia as its second-home market, wants to meet investors’ growing demand for ETFs in the region, where the AUM have tripled over the past five years. Uptake in volume is being driven by both institutional and retail investors, seeking low cost investment solutions.

Xiaofeng Zhong, CEO Amundi North Asia, says: “Amundi is recognised as a leading asset manager globally and locally, with over 30 years of history in Hong Kong. We are now bringing to local investors passive strategies which offer more choice and are a complement to our current, active strategies. We look forward to keep on developing new investment solutions in Hong Kong in the future.

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