It will mainly invest in Hong Kong-listed equities that have seen their initial public offering (IPO) within the last rolling three years, which means investors can gain exposure to up-and-coming large IPOs with high growth potential while diversifying risk at the same time with a diverse list of constituents from all sectors.
Phillip Capital Management (HK), or PCMHK, launched and listed the Phillip HK Newly Listed Equities Index exchange-traded fund (ETF) on the Stock Exchange of Hong Kong (HKEX) on Nov 21.
Co-designed and developed between Solactive and PCMHK, the ETF tracks the Solactive Hong Kong Newly Listed Equities Index. Said to be the first ETF of its kind, the ETF’s constituent holdings contain a variety of stocks that range from pharmaceutical to communications companies.
