Amundi launches Hong Kong large-cap ETF

Amundi has launched its first ETF domiciled in Hong Kong, which tracks a large-cap index provided by Hang Seng of the 35 biggest locally listed companies that get most of their revenues outside the Chinese mainland market.

It is the first ETF offering from the manager into the Asian region, and forms part of the business development plan which has set a target of $100bn in AUM by 2017 for its ETF, Indexing & Smart Beta unit, up from some $60bn in the last quarter of 2015.

Amundi said the new product would offer “lower ongoing charges thatn the average on the Hong Kong ETF market.”

Matthieu Guignard, global head of Product Development and Capital Markets at Amundi ETF, Indexing & Smart Beta said: “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.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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