Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Hang Seng TECH Index Rebalance: Two Changes as Assets Continue to Grow

Alibaba (9988 HK) - Passive Flow Coming This Summer

Hang Seng TECH Index - New Kid On The Block

HSCEI Index Rebalance - Huge Turnover as WVRs & Secondary Listings Make Their Index Debut

Hang Seng Index Rebalance - Big Turnover, Big Impact, Some Surprises and More Changes to Come

Event-Driven

On 20 July, the Hang Seng Indexes Company announced that they would be launching the Hang Seng TECH Index on 27 July. The next day the index jumped 7.2%, helped in no small part by the news of <a href="https://www.smartkarma.com/entities/ant-financial-services-group" target="_blank" data-smartkarma-citation="entities:24240:1" rel="noopener">Ant Financial (1051260D CH)</a>'s impending listing. <div>
The Hang Seng TECH index (HSTECH) is a free float adjusted market cap weighted index that tracks the 30 largest technology stocks listed in Hong Kong and covers companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible candidates are further screened by whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth.
We wondered when ETFs tracking the index would be launched. We did not have to wait too long. On 28 August, CSOP launched the first ETF (3033 HK) linked to the HSTECH index. The fund raised around HKD 180m in seed money prior to listing. The first day of trading saw 382.16m shares (HKD 3.045bn of notional) trade, making it the highest traded volume for an ETF on launch day since the Tracker Fund (2800 HK) in 1999. It was also sixth most traded listing for the day on the HKEX behind <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a>, <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a>, <a href="https://www.smartkarma.com/entities/alibaba-group" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group (9988 HK)</a>, <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan Dianping (3690 HK)</a> and <a href="https://www.smartkarma.com/entities/aia-group-ltd" target="_blank" data-smartkarma-citation="entities:14895:1" rel="noopener">AIA Group Ltd (1299 HK)</a>. 
There are two more ETFs tracking the HSTECH index that will be launched shortly: Hang Seng TECH Index ETF (3032 HK) and ChinaAMC Hang Seng TECH Index ETF (3088 HK).
In this Insight, we take a look at the index, the index methodology, the impact on the stocks, and what the Fast Entry of large listings could mean for smaller names in the index.
</div>

On 20 July, the Hang Seng Indexes Company announced that they would be launching the Hang Seng TECH Index on 27 July. The next day the index jumped 7.2%, helped in no small part by the news of Ant Financial (1051260D CH)'s impending listing. 
The Hang Seng TECH index (HSTECH) is a free float adjusted market cap weighted index that tracks the 30 largest technology stocks listed in Hong Kong and covers companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible candidates are further screened by whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth.
We wondered when ETFs tracking the index would be launched. We did not have to wait too long. On 28 August, CSOP launched the first ETF (3033 HK) linked to the HSTECH index. The fund raised around HKD 180m in seed money prior to listing. The first day of trading saw 382.16m shares (HKD 3.045bn of notional) trade, making it the highest traded volume for an ETF on launch day since the Tracker Fund (2800 HK) in 1999. It was also sixth most traded listing for the day on the HKEX behind Xiaomi Corp (1810 HK), Tencent Holdings (700 HK), Alibaba Group (9988 HK), Meituan Dianping (3690 HK) and AIA Group Ltd (1299 HK). 
There are two more ETFs tracking the HSTECH index that will be launched shortly: Hang Seng TECH Index ETF (3032 HK) and ChinaAMC Hang Seng TECH Index ETF (3088 HK).
In this Insight, we take a look at the index, the index methodology, the impact on the stocks, and what the Fast Entry of large listings could mean for smaller names in the index.


Semiconductor Manufacturing International Corp (SMIC) (981 HK)

Semiconductor Manufacturing International Corp (SMIC)

Hang Seng China Enterprises Index (HSCEI INDEX)

Ping An Healthcare and Technology (1833 HK)

항셍테크 지수 - &#39;동양의 나스닥&#39; ETF가 출시되었습니다

Alibaba

항셍테크 지수 - &#39;동양의 나스닥&#39; ETF가 출시되었습니다

항셍테크 지수 - '동양의 나스닥' ETF가 출시되었습니다