Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP
Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP

Explainer |
How does Hong Kong’s Tracker Fund avoid being caught between US sanctions and doing its job?

  • State Street Global Advisors, the manager of the Tracker Fund, did an about turn last week on whether to include US-sanctioned stocks in its portfolio
  • There are three ways to change the Tracker Fund’s manager, according to the prospectus

Topic |   US sanctions on China
Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP
Hong Kong investors rushing to subscribe to the Tracker Fund during its initial public offering, at the Bank of Communications in Mong Kok on November 4, 1999. Photo: SCMP
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