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Hang Seng IM plans to delist $5.5bn ETF as part of SSGA’s Tracker Fund takeover

Financial Times LogoFinancial Times1 mo ago

Hang Seng IM plans to delist $5.5bn ETF as part of SSGA’s Tracker Fund takeover

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The long-awaited ETF Connect programme is a disappointment for many Hong Kong ETF issuers due to the initial narrow scope and high asset threshold for products that qualify in the scheme.*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry.

If Hang Seng IM’s proposal to delist the Hang Seng index ETF passes on July 13, the ETF will cease trading on September 5.

Hang Seng IM will have three out of the five Hong Kong-listed products touted to be qualified for the initial stage of ETF Connect, which is scheduled to be launched in two months as regulators say they are working on the final implementation details.


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Article Details

Category: MarketsFinanceInvesting

Topics: Seng Hang Kong Hong Investors Delist Index Tracker September Fund Manager

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 04:00:19

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 743 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 24275

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