Hong Kong Securities and Futures Commission: The first actively managed ETF is listed in Hong Kong for mutual trading

On July 9th, the Hong Kong Securities and Futures Commission welcomed the first actively managed exchange-traded fund (ETF) to be cross-listed in Hong Kong. This cross-listing, conducted through a feeder fund structure, benefits from the simplified regulations applicable to eligible ETFs. This move not only introduces the world's largest actively managed ETF strategy to the Hong Kong market, enriching local investors' product choices, but also demonstrates Hong Kong's competitiveness in attracting overseas ETFs. In addition to the recent memorandum of understanding signed between Hong Kong and Ireland regarding mutual recognition of funds, this new feeder ETF investing in the main Irish ETF further confirms the close ties between the two markets. Ms. Catherine Tsai, Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, stated: "The cross-listing of this actively managed ETF highlights Hong Kong's unique role as a gateway for international asset management companies seeking to reach the dynamic investor base in the Asia-Pacific region, while also showcasing the Hong Kong Securities and Futures Commission's commitment to promoting international cooperation in the field of asset management."