Hang Seng Indexes has licensed the Hang Seng China Enterprises Index (HSCEI) to KB Asset Management to serve as the underlying index for the creation of an exchange-traded fund (ETF).
The ETF has listed on the Korea Exchange.
The HSCEI is a barometer for tracking the performance of mainland China enterprises with H-share listings in Hong Kong.
The new ETF will bring the number of exchange-traded products linked to indexes in the Hang Seng family of indexes to 44 – with listings on 17 different stock exchanges across the world.
As at 30 June 2016, assets under management in exchange-traded products linked to indexes in the Hang Seng family of indexes had reached a total of more than USD25 billion.