Hang Seng Indexes has licensed the Hang Seng Stock Connect Hong Kong Index (HSSCHKI) to Guotai Asset Management (Guotai Fund) to serve as the underlying index for the creation of a listed open-ended long-only fund (LOF).
The fund was listed on the Shanghai Stock Exchange on 10 December 2018.
The HSSCHKI serves as a benchmark to reflect the overall performance of the securities listed in Hong Kong that are eligible for trading via the southbound trading link of Stock Connect.
The new LOF will bring the number of exchange-traded products linked to indexes in the Hang Seng Family of Indexes to 72 – with listings on 17 different stock exchanges across the world. By the end of November 2018, 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.