Alibaba CEO Daniel Zhang Yong (centre) attends the company’s stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing, on November 26, 2019. A new tech index tracking tech stocks, including Alibaba, launches on Monday. Photo: Sam Tsang

Fund managers expect ETFs tracking Hang Seng Tech Index to take off as investors seek a piece of the red hot industry

  • The Hang Seng Tech Index, which debuts on Monday, will trigger fund managers to introduce ETFs as a short cut for investors to buy into tech stocks
  • New index that tracks the 30 largest tech stocks in Hong Kong is similar to the Nasdaq Composite Index
Topic |   Hang Seng Index
Alibaba CEO Daniel Zhang Yong (centre) attends the company’s stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing, on November 26, 2019. A new tech index tracking tech stocks, including Alibaba, launches on Monday. Photo: Sam Tsang
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