HKEX Launches AI and Semiconductor Benchmarks for Hong Kong…
By Rick Steves
AI summary of the source article
Hong Kong Exchanges and Clearing has launched the HKEX Artificial Intelligence Index and HKEX Semiconductor Index. HKEX also licensed the AI index to China Southern Asset Management for an exchange-traded fund intended for mainland China investors.
Why it matters
HKEX Group Chief Information Officer Richard Leung said AI and semiconductors are increasingly important drivers of innovation and growth, and that the indices give investors additional ways to track those areas.
Key facts
- HKEX launched real-time AI and semiconductor benchmarks tracking 40 and 30 Hong Kong-listed companies, respectively.
- China Southern Asset Management licensed the AI index to develop an ETF for mainland China investors.
- Both indices are denominated in Hong Kong dollars, disseminated every 15 seconds, and rebalanced quarterly.
Source excerpt · FinanceFeeds
Hong Kong Exchanges and Clearing has launched two thematic benchmarks , the HKEX Artificial Intelligence Index and HKEX Semiconductor Index, expanding its proprietary index suite around technology industries. The exchange also licensed the AI index to China Southern Asset Management for an exchange-traded fund intended for mainland China investors. Product launch details have not yet been disclose…