ChinaAMC AI ETF opens Southbound door to US stocks

The product spans AI hardware, software, and applications.

China Asset Management (Hong Kong) Limited’s (ChinaAMC) Hong Kong-US artificial intelligence (AI) exchange-traded fund (ETF) has been included in the Southbound Eligible ETF list under the Stock Connect scheme.

Trading under the scheme is set to begin on 9 November.

The ETF provides exposure to leading AI companies listed in Hong Kong and the US across hardware, software, and applications, allowing investors to access the cross-market AI value chain through a single product.

It tracks the Solactive G2 AI 50 Select Index, comprising up to 30 Hong Kong-listed and 20 US-listed stocks.

The group said this marks its fourth ETF to join the ETF Connect scheme, following the earlier inclusions of the Hang Seng ESG ETF, the Hang Seng Tech Index ETF, and the Hang Seng Biotech ETF.

The expansion of Southbound ETF eligibility follows policy changes introduced by the National Financial Regulatory Administration in August, allowing Mainland insurance funds to invest in Hong Kong-listed ETFs through the Stock Connect southbound channel.