Hang Seng Investment Management expects to launch an exchange-traded fund related to the Hang Seng Technology Index and it is now in the final stage of approval, said Rosita Lee, Hang Seng Investment Management director and the chief executive. The management fee is around 0.55 percent. The total expense ratio is around 0.87 percent, the error of the tracing target is within 1 percent. The fund aims to attract long-term institutional investors and retail investors with a low entry fee.

Source: The Standard August 27, 2020 10:41 UTC