EMQQ Global has announced the launch of VPEMQQ on the Stock Exchange of Hong Kong Exchange with the ticker 3030.
This launch has been done in partnership with Value Partners Group, described as one of the largest, most respected, and earliest asset management firms to list on the main board of the Stock Exchange of Hong Kong.
The firm writes that this is also the first thematic ETF of its kind to list on the HKEX.
3030 tracks the same EMQQ Index that investors access on the NYSE and London Stock Exchanges, to gain exposure to leading technology companies driving the growth of online consumption in Emerging and Frontier Markets. In addition to China internet leaders such as Alibaba, Tencent and JD, investors also get exposure to companies like Latin ecommerce leader Mercado Libre (NASDAQ: MELI), Indian payments leader PAYTM (PAYTM.NS) and Singapore-based SEA Ltd. (NYSE: SE) a leader in gaming and payments in southeast Asia.
Kevin T. Carter, Founder and CEO of EMQQ Global says: “We are excited to be launching 3030 in Hong Kong with Value Partners. Their experience, pedigree, and enterprising spirit make them an ideal partner for us to bring the EMQQ story to the Asian market. VPEMQQ provides investors targeted exposure to the fast growing and innovative internet companies in Emerging Markets, which we believe are the best way to access the growth in the developing world.”
June Wong, Chief Executive Officer of Value Partners Group Limited (ticker: HK 806) says: “Founded by our Co-Chairman and Co-Chief Investment Officer Dato’ Seri Cheah Cheng Hye, Value Partners has been a pioneer in value investing in Asia since 1993 and we have a long track record in China and Asia for over 29 years. We are very excited to be partnering with EMQQ Global to launch the VPEMQQ ETF. The ETF combines the capabilities of two strong firms. Value Partners with its strong on-the-ground research capabilities, while EMQQ Global has been an ETF specialist for emerging and frontier markets for eight years.”