KUALA LUMPUR, July 27 (Bernama) — AmInvest has launched its new Hong Kong Tech Index Fund (“Fund”) that will enable investors to catch the growth brought on by the fast-growing technology sector and the increasing number of technology companies that are listed in Hong Kong. The Fund will feed into the world’s first and largest Exchange Traded Fund (“ETF”) which tracks the performance of the Hang Seng TECH Index (“HSTECH Index”), namely, CSOP Hang Seng TECH Index ETF (“Target Fund”).1
HSTECH Index represents the 30 largest Greater China technology companies listed in Hong Kong. It consists of companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities.2 As at 30 June 2021, the top 10 constituents comprise companies such as Meituan, Alibaba, Sunny Optical, Tencent and Xiaomi.2 Since its inception in July 2020, the HSTECH Index has delivered returns of around 20%.3
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