Hong Kong Exchanges and Clearing Limited (HKEX) Hang Seng TECH Index Futures
Hang Seng TECH Index Futures to launch on 23 November 2020.
The Hang Seng TECH Index Futures will be the first exchange-traded derivatives contracts to track the index, complementing HKEX’s flagship Hang Seng Index and Hang Seng China Enterprise Index products.
The Hang Seng TECH Index was launched in July 2020, and tracks the 30 largest technology companies listed in Hong Kong. According to back-testing data, the Hang Seng TECH Index has provided a 36 per cent return for 2019 and a 60 per cent return for 2020, as at the end of October. The introduction of the proposed contracts will bring new exposure management tools to the market, giving greater product coverage of the technology sector in Hong Kong.
The proposed futures and options will further enhance HKEX’s product offering on the Hang Seng TECH Index, and are in addition to the four Hang Seng TECH Index ETFs already trading on HKEX’s markets.
Source: HKEX Circular: Introduction of Hang Seng TECH Index Futures and Options
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