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Lion-OCBC Securities Hang Seng TECH ETF (SGX: HST)
INVESTORS will have easier access to Hong Kong-listed technology stocks next month, as OCBC works towards the listing of Singapore's first tech-focused exchange-traded fund on the Singapore Exchange.
The Lion-OCBC Securities Hang Seng TECH ETF will track the Hang Seng TECH Index, which is made up of the top 30 technology companies listed in Hong Kong by market capitalisation.
As at end-October, the index's five largest constituents by weight were Tencent, Meituan Dianping, Sunny Optical, Alibaba and Ali Health.
The index returned 36.25 per cent in 2019 and 35.30 per cent in the first half of this year.
Investors will be able to trade as few as 10 units each time. As the issue price is S$1.34 per unit, this means a single trade can cost less than S$20 - excluding commissions and fees. The ETF will also be available in US dolllars, priced at US$1 per unit.
https://www.businesstimes.com.sg/co...list-singapores-first-tech-focused-etf-on-sgx
INVESTORS will have easier access to Hong Kong-listed technology stocks next month, as OCBC works towards the listing of Singapore's first tech-focused exchange-traded fund on the Singapore Exchange.
The Lion-OCBC Securities Hang Seng TECH ETF will track the Hang Seng TECH Index, which is made up of the top 30 technology companies listed in Hong Kong by market capitalisation.
As at end-October, the index's five largest constituents by weight were Tencent, Meituan Dianping, Sunny Optical, Alibaba and Ali Health.
The index returned 36.25 per cent in 2019 and 35.30 per cent in the first half of this year.
Investors will be able to trade as few as 10 units each time. As the issue price is S$1.34 per unit, this means a single trade can cost less than S$20 - excluding commissions and fees. The ETF will also be available in US dolllars, priced at US$1 per unit.
https://www.businesstimes.com.sg/co...list-singapores-first-tech-focused-etf-on-sgx
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