The much-hyped Tracker Fund of Hong Kong (TraHK) has failed to create any ripples in the fund management industry in the SAR, with most fund managers giving the product a lukewarm response.
Several fund managers said TraHK, a closed-end fund, was unlikely to create the same impact on the industry as the Government's intervention in the market in August last year when it bought shares worth $118.13 billion.
'There is a lot of hype surrounding this product mainly because of its sheer size,' said Alastair Murray, managing director of the Bank of Butterfield.
Mr Murray said there was nothing new about the fund, as it was 'just another index tracking fund'.
'It is a boring, dull product and not very exciting,' Mr Murray said.
TraHK comprises shares from all 33 constituents of the blue-chip Hang Seng Index.