The Hong Kong funds business of China’s Bosera Asset Management has debuted an exchange traded fund that tracks an index of major listed Chinese companies owned by the central government, the first of its kind on the Hong Kong stock exchange.
The Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF, managed by Bosera Asset Management International, a subsidiary of Bosera AM and China Merchants Fund Management, debuted on July 10.
The ETF tracks CSI China Reform Hong Kong Connect Central-SOEs High Dividend Yield Index, a basket of centrally owned state-owned enterprises with stable dividends and high-dividend yields that are listed in Hong Kong and eligible for trading via the Hong Kong-mainland stock connect scheme.