Global X Hang Seng TECH ETF Added to Singapore’s List of Restricted Schemes

The inclusion of the Global X Hang Seng TECH ETF (2837) in the List of the Restricted Schemes of Singapore provides accredited investors with access to the high-growth tech sector fulfilling the growing demand
Mirae Asset has a total of 24 ETFs in the List of Restricted Schemes by the Monetary Authority of Singapore after the addition¹

May 23, 2023, Hong Kong – Mirae Asset Global Investments (Hong Kong) Limited, (the “Firm” or “Mirae Asset”) today announced the Global X Hang Seng TECH ETF (2837), has been added to the List of Restricted Schemes by the Monetary Authority of Singapore, making it available to accredited investors in Singapore.

The Global X Hang Seng TECH ETF (2837) was launched at the end of March 2023 and has already surpassed USD 200 million in assets under management, indicating strong demand for an efficient investment tool that accesses the innovative tech sector with high growth potential.

The Global X Hang Seng TECH ETF (2837) tracks the Hang Seng TECH Index, which represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index’s screening criteria. The index covers sectors classified under information technology, consumer discretionary, healthcare, industrials, and financials. It targets those with high business exposure to the selected technology themes, such as Cloud, Digital, E-commerce, FinTech, or Internet or autonomous activities.

Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited said: “We are pleased to provide accredited investors in Singapore with the opportunity to invest in the Global X Hang Seng TECH ETF (2837), which allows them to participate in the global tech industry’s growth and diversify their investment portfolios. By introducing this broad TECH index-based ETF to its thematic-focus product line-up, we demonstrate our commitment to providing innovative investment solutions that meet the evolving needs of our clients in the region.”

The Global X Hang Seng TECH ETF (2837) tracks the Hang Seng TECH Index, with a total expense ratio of up to 0.45% for the first 12 months. It is trading on the Hong Kong Stock Exchange during normal trading hours. With this inclusion, the firm has a total of 24 ETFs on the list of Restricted Schemes in Singapore, covering thematic growth, core, income, and commodities ETFs.

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