Tracker Fund of Hong Kong (2800) Increased 0.17% on Nov 9

November 9, 2017 - By Michael Collier

Shares of Tracker Fund of Hong Kong (HKG:2800) last traded at 29.2, representing a move of 0.17%, or 0.05 per share, on volume of 14,500 shares. After opening the trading day at 29.2, shares of Tracker Fund of Hong Kong traded in a close range. Tracker Fund of Hong Kong currently has a total float of 3.21B shares and on average sees 34.58 million shares exchange hands each day. The stock now has a 52-week low of 21.6 and high of 29.2.

HSI: A Powerful Asian Economy Indicator

The Asian economy is rampantly growing and it is countries such as Singapore, Hong Kong, Japan, and China that are leading the whole Asian equity market. Singapore and Hong Kong, for example, have recently been named by CG Watch as the top two countries in Asia with the best corporate governance in 2016. These countries are home to two of the most influential stock exchanges in the world, the Singapore Exchange (SGX) and the Stock Exchange of Hong Kong (SEHK). Both are subjects of Tracker Fund of Hong Kong interest.

The SEHK

With a total market capitalization of HK$24.68 trillion and a listing of nearly 2,000 companies as of 2015, the SEHK is Asia’s third biggest stock exchange and the world’s sixth biggest stock exchange. It was established in 1891 with its benchmark index, the Hang Seng Index (HSI), being first published in 1969.

Since that time all companies, like Tracker Fund of Hong Kong want to see their names in SEHK lists. Regular trading on the SEHK starts at 9:30 a.m. and lasts until 4:00 p.m. Meanwhile, pre-market trading lasts for 30 minutes starting at 9:00 a.m.

The HSI measures the top 50 companies on the SEHK, representing more than half of its total market capitalization. Its foundation is the brainchild of Ho Sin Sang, Hang Seng Bank (HSB) Chairman; Lee Quo-wei, HSB Director; and Stanley Kwan, HSB Head of Research. Primarily, they had founded the HSI to serve as the Dow Jones Industrial Average (HSI) of Hong Kong.

The components of the HSI are classified into four sectors since January 1985. These sectors include Utilities, Materials, Financials, and Energy— the biggest sector.

For a company to be eligible as a component of the HSI, it must belong to both the top 90% of the total market capitalization of common shares and total turnover on the SEHK, respectively. It must also be listed on the SEHK at least 24 months prior to the review date. Exceptions apply to companies that exhibit compelling market capitalization and liquidity. The same goes for Tracker Fund of Hong Kong company. In such cases, companies can already be eligible as components even if they have just been listed on the SEHK for three months prior to the review date, which happens quarterly.

HSI Performance

The HSI had posted its all-time low of 58.61 in August 1967. In December 1993, it had first attained the 10,000 mark. In December 2006, it had first attained the 20,000 mark.

Before the Global Financial Crisis of 2008 broke out, the HSI had first attained the 30,000 mark in October 2007. As a result, the HSI had posted its all-time high of 31,638.22 during the same month. The massive gains during that time are highly attributed to investors flocking safe-haven equity markets such as that of Hong Kong in anticipation of the Global Financial Crisis of 2008.

A year after attaining its all-time high, the HSI had lost more than 67%, falling back to the 10,000 mark in October 2008. In July 2009, the HSI had slowly recouped, attaining the 20,000 mark once again. It was highly appreciated by Tracker Fund of Hong Kong and its investors.

With a rich history backing the success and potentials of the SEHK, it is a guarantee that investors will gain interesting returns from their investments in Hong Kong’s equity market.

More notable recent Tracker Fund of Hong Kong (HKG:2800) news were published by: Reuters.com which released: “HK securities regulator fines State Street arm for tracker fund failures” on June 15, 2016, also Livetradingnews.com with their article: “Tracker Fund of Hong Kong (HKG:2800) Trending Upwards” published on September 27, 2016, Livetradingnews.com published: “Tracker Fund of Hong Kong (HKG:2800) Heffx Trading Outlook” on September 12, 2016. More interesting news about Tracker Fund of Hong Kong (HKG:2800) were released by: Livetradingnews.com and their article: “Tracker Fund of Hong Kong (HKG:2800) Currently Bullish” published on August 25, 2016 as well as Bloomberg.com‘s news article titled: “China-Hong Kong ETF Link at Talks Stage as Eager Issuers Wait” with publication date: June 15, 2017.

Tracker Fund of Hong Kong is a unit trust fund. The company has market cap of $93.76 billion. The Company’s key objective is to provide the investment results that closely correspond to the performance of the Hang Seng Index. It has a 6.04 P/E ratio. The Fund mainly invests in shares in the constituent companies of the Index.

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By1 Michael Collier




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