People chat outside the Hong Kong Exchange Square building in Central. On Tuesday, Hong Kong Exchanges and Clearing will celebrate the 20th anniversary of the Tracker Fund. Photo: AP Photo
Tracker Fund still popular 20 years after Hong Kong government created ETF to dispose of shares bought during 1998 crisis
- The Hong Kong government created the index-tracking fund to sell its equity portfolio accumulated during the market intervention in 1998
- Hong Kong is the now Asia’s fifth largest ETF market with 119 listed funds managing US$37 billion worth of assets
People chat outside the Hong Kong Exchange Square building in Central. On Tuesday, Hong Kong Exchanges and Clearing will celebrate the 20th anniversary of the Tracker Fund. Photo: AP Photo