Major Move by Ping An Asset Management

In a bold step that could reshape investment strategies, Ping An of China Asset Management Company launched not one, but two new exchange-traded funds (ETFs) on Hong Kong’s stock exchange this Tuesday!

Introducing the Ping An East-West Select ETF

The first offering, the Ping An East-West Select ETF (HKD Ticker: 3477), is designed to track the performances of the Solactive Global Pacific Select HKD Index NTR. This innovative index captures Hong Kong’s dynamic role as a 'super-connector' between high-growth local firms and robust US large-cap stocks.

Investors will find that the US component highlights 100 of the largest US-listed companies while omitting certain sectors to align with a strategic investment focus. The Hong Kong side features 30 top-ranked stocks based on a composite quality score, considering both profitability and growth metrics.

Unlocking Diversified Opportunities

Albert Wang, Head of Capital Markets and Chief Investment Officer at PAAMC HK, elaborated, "The Ping An East-West Select ETF is crafted to meet the growing demand for versatile income streams and quality growth. Its unique barbell allocation strategically pairs high-dividend stocks from Hong Kong with core blue-chip companies from the United States, aiming to diversify risk and boost returns for investors."

Next Up: The Ping An Technology Select ETF

The second offering, the Ping An Technology Select ETF (HKD Ticker: 3406), focuses on the burgeoning tech sector. By tracking the Wind Technology Select Net Total Return Index, this ETF targets the largest tech companies listed in both mainland China and the United States.

Wang asserts, "Our Ping An Technology Select ETF provides concentrated exposure to pioneering tech firms, allowing investors to seize opportunities driven by artificial intelligence and innovation in technology."

A Crucial Milestone for ETF Development

Wang concluded by emphasizing the significance of these listings, stating, "This marks a pivotal moment in our ETF development. We aim to leverage our investment expertise to tap into global equity market opportunities and bolster Hong Kong’s ETF ecosystem."

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