ETFs seeking to replicate the evolution of Hong Kong Stocks indices experienced a difficult market session yesterday with a negative daily performance standing at -2,61%. This brought the year-to-date cumulated performance flat to +0.92%. The segment collected $+306,48M of new shares from the primary market over the same period. The stock market is under pressure from the Wuhan virus, the renminbi sell-off and the Moody’s downgrade.
11 funds tracking 10 indices are included in the segment for a total of $2,45Bn of assets under management.