Asian asset managers list 2 new Hang Seng China Enterprises Index-linked funds

Harvest Fund Management and Nikko Asset Management issue H-Shares Index funds in Shenzhen and Tokyo bourses respectively.

Hang Seng Indexes Company Limited (“Hang Seng Indexes”) on Tuesday announced that two Asian asset managers have listed two new funds that are linked to the Hang Seng China Enterprises Index (“H-Shares Index”).

Harvest Fund Management Co. Ltd has issued an H-Shares listed open-ended fund (“LOF”), which was listed on the Shenzhen Stock Exchange on 28 October 2010 with an initial fund size of RMB1 billion. On 29 October 2010, Nikko Asset Management Co. Ltd has listed a new H-Shares exchange-traded fund (“ETF”) on the Tokyo Stock Exchange, with an initial fund size of USD12 million, according to a Hang Seng report.

These two new funds bring the number of H-shares Index-linked ETF and LOF funds worldwide to six, with a total of more than USD 4.6 billion in assets under management (“AUM”). There are now 13 ETFs and LOF – with a total of USD15 billion in AUM and listed on 14 stock exchanges worldwide – that track indexes in the Hang Seng Family of Indexes.

Hang Seng Indexes will continue to pursue opportunities to increase the global exposure of indexes in Hang Seng Family of Indexes through licensing more index-linked funds for investors worldwide.