The Asian Banker Tuesday, 16 July 2024

Hang Seng Investment and Bualuang Securities launch depositary receipts for TraHK and HSCEI ETF

5 min read

Hang Seng Investment Management Limited (Hang Seng Investment) has collaborated with Bualuang Securities (BLS), a leading securities company in Thailand and a subsidiary of Bangkok Bank, the country’s largest bank by assets, and welcomes the launch of two depositary receipts (DR) by BLS that invest in the Tracker Fund of Hong Kong (TraHK) and the Hang Seng China Enterprises Index ETF (HSCEI ETF).

These two DR will make their debut on the Stock Exchange of Thailand (SET) on 16 November 2023. TraHK and HSCEI ETF are managed by Hang Seng Investment, the largest exchange-traded fund (ETF) manager in Hong Kong in terms of assets under management (AUM).

Rosita Lee, director and CEO of Hang Seng Investment, said: “We are delighted to see TraHK and HSCEI ETF, two of our flagship ETFs, being chosen as the underlying investments of products outside of Hong Kong in the form of DR. These DR offer investors their inaugural chance to invest in TraHK and HSCEI ETF in overseas markets. This not only presents a significant opportunity for overseas investors to diversify their investment portfolios and capture the long-term growth potential of the dynamic markets of Hong Kong and mainland China, but also showcases Hong Kong's unique role as a super-connector between mainland China and the rest of the world. Hang Seng Investment remains committed to actively enhancing our global presence and fostering stronger relationships with market participants worldwide. We will continue to explore and seize new opportunities as a market leader in ETFs.”

Bannarong Pichyakorn, senior managing director of BLS stated: “As the first and foremost issuer of DR in Thailand, we are excited to expand the opportunities within Hong Kong’s flagship indices through our innovative DR01 solution with HK01 and HKCE01. We are honoured and grateful to collaborate with Hang Seng Investment, the largest ETF manager in Hong Kong by AUM which allows us to offer a broader range of efficient tools for both retail and institutional investors to conveniently access foreign markets and achieve their asset allocation goals through the Stock Exchange of Thailand. Furthermore, we recognise the opportunities within the Hong Kong market due to its attractive valuation along with the economic growth prospects of China and Hong Kong in the long term.”

Re-disseminated by The Asian Banker

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