HKEX lists four ETFs tracking three cross-market indices

Bursa Malaysia Berhad and Korea Exchange co-branded two of the indices.

Hong Kong Exchanges and Clearing Limited (HKEX) listed four exchange-traded funds (ETFs) tracking three of its cross-market indices, with listings on 24 and 28 September.

The ETFs track the HKEX Bursa Malaysia Large Cap Index, the HKEX KRX Semiconductor Index, and the HKEX Tech & US Tech 100 Index.

HKEX said the ETFs are the first investment products based on the three benchmarks launched earlier this year to strengthen connectivity between Hong Kong and key regional and international markets.

The three cross-market benchmarks adopt a 60/40 weighting design, with approximately 60% allocated to Hong Kong-listed securities and 40% to overseas securities, HKEX added.

This supports portfolio diversification, cross-market capital flows, and the development of innovative index-based products for investors in mainland China and internationally.

The HKEX Bursa Malaysia Large Cap Index and HKEX KRX Semiconductor Index were developed through co-branded partnerships with Bursa Malaysia Berhad and Korea Exchange, respectively.

Buyeon Yi, president of Korea Exchange's Future Strategy Division, said the index offers a new way to access Asia's semiconductor ecosystem through the semiconductor-related companies listed in South Korea and Hong Kong.