HONG KONG: HKEX Welcomes its First Listing of Active ETF

Wednesday June 19 2019

On 18^th June 2019, the Hong Kong Exchanges and Clearing Limited (HKEX) announced its first listing of an active Exchange Traded Fund (ETF) – ICBC CICC USD Money Market ETF (stock code: 3011/9011) – marking another milestone in the development of Hong Kong’s ETF market.

Active ETFs are different from traditional ETFs in that they are typically managed by fund managers, who have the discretion to select securities, with the aim of outperforming market indices.  Traditional ETFs are, primarily, passively managed with the aim of replicating the performance of the indices they track.

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