Hong Kong Exchanges and Clearing Restricted (HKEX) welcomes the itemizing of Asia Pacific’s first ETF to trace Saudi Arabian equities – the CSOP Saudi Arabia ETF (Inventory code: 2830 / 82830).
This ETF, which tracks the FTSE Saudi Arabia Index, supplies traders with a brand new alternative to spend money on Saudi Arabia’s capital markets by way of a Hong Kong-listed ETF, additional enhancing the worldwide connectivity of Hong Kong’s ETF market. The brand new ETF enhances an enormous array of thematic and nation particular ETFs listed in Hong Kong and would be the world’s largest Saudi-focused ETF.
As one of many fastest-growing segments in HKEX’s markets, the market capitalisation of Hong Kong’s Trade Traded Merchandise (ETPs), together with ETFs and Leveraged and Inverse Merchandise (L&I Merchandise), has grown 20 per cent within the yr to October 2023, totalling $355.43 billion.
The inclusion of ETFs in Inventory Join and the primary listings of crypto asset ETFs in Hong Kong have additional boosted the robust progress momentum and product range of Hong Kong’s ETP market since their introduction in 2022.
The common day by day turnover of ETPs for the primary ten months of 2023 jumped over 20 per cent yr on yr, reaching $14 billion. As at 31 October 2023, 175 ETPs had been listed on HKEX, with one third of ETP issuers on HKEX having launched new merchandise within the Hong Kong market in the course of the yr.