Ping An launches two new ETFs in Hong Kong

Dec 10th, 2018 | By | Category: Alternatives / Multi-Asset

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Hong Kong-based Ping An of China Asset Management (HK), one of the leading asset managers in the region, has announced the launch of two new ETFs on the Hong Kong stock exchange.

Ping An launches two new ETFs in Hong Kong

Ping An has launched two new ETFs in Hong Kong.

The ETFs – the Ping An Nasdaq 5HANDL ETF (3198 HK) and the Ping An Nasdaq AI and Robotics ETF (3023 HK) – become the exchange’s first multi-asset and AI & robotics ETFs respectively.

The Ping An Nasdaq 5HANDL ETF tracks the Nasdaq 5HANDL Index, which reflects a diversified, multi-asset portfolio of low-cost ETFs across equities, fixed income, MBS and REITs.

The ETF is composed of a ‘core’ sleeve of mainstream portfolio building blocks and an ‘explore’ sleeve of higher-yielding ETFs. Its objective is to maximize risk-adjusted returns while supporting a targeted 5% annual distribution rate.

“The trend for increasing adoption of ETFs by asset managers is expected to gain traction in Asia due to efficiency and cost awareness. Ping An Nasdaq 5HANDL is also the first multi-asset ETF that offers an easy way for asset-class diversification,” said Mona Chung, Head of ETF and Cross Asset Investment at Ping An.

Meanwhile, the Ping An Nasdaq AI & Robotics ETF tracks the Nasdaq CTA Artificial Intelligence and Robotics Index, which is designed to track the performance of companies engaged in the artificial intelligence and robotics segment of the technology, industrial, medical and other economic sectors.

“Artificial Intelligence is increasingly integrated into every realm of our lives,” said Chi Kit Chai, Head of Capital Markets and CIO at Ping An.

Dave Gedeon, Vice President and Head of Research and Development for Nasdaq Global Indexes, added, “Nasdaq CTA Artificial Intelligence and Robotics Index serves as an important benchmark for tracking the adoption of AI across a broad range of economic sectors.

“The Nasdaq 5HANDLTM Index represents a first for Nasdaq in China as an ETF of ETFs, and this model proves how sophisticated investors can leverage indexing to create unique income opportunities.”

Both funds come with a management fee of 0.55% pa.

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