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Turnover of HKlisted ETFs soars in 2014

Added 11th March 2015

The total annual turnover of exchange traded funds and real estate investments trusts listed on the Hong Kong exchange soared 25% year-on-year to reach a record-high of HK$1.23trn ($150bn), according to the Hong Kong stock exchange.

Turnover of HKlisted ETFs soars in 2014

ETFs accounted for 95% of the turnover, according to the exchange’s annual fact book.

The trading continued to be dominated by A-share ETFs, which recorded a total turnover value of HK$887.5bn in 2014, accounting for 76% of the annual turnover of all ETFs (HK$1.16trn).

The turnover of ETFs and REITs collectively constituted 7% of the total turnover of all securities on the main board, compared to 6% in 2013. 

The average daily turnover was HK$5bn— HK$4.7bn for ETFs and HK$273m for REITs. 

In a bid to promote the development of the ETF market in Hong Kong, the exchange recently waived stamp duty on all ETFs.

A recent report from Markit highlighted that ETFs listed in Asia-Pacific and launched in January collected  $330.5m worth of inflows in January out of the total $526m worth of inflows in new assets.

Listings and de-listings

The total number of listed ETFs and REITs combined was 134 in 2014. Among them, 122 were ETFs.

With the addition of BMO Global Asset Management (Asia) and Hai Tong Asset Management (HK), two new ETF managers on the exchange, the total number of ETFs managers rose to 26.

According to the exchange, 12 new ETFs were listed during the year, which included the CSOP China 5-Year Treasury Bond ETF. This is the first ETF outside mainland China, which tracks the mainland onshore bond market.

There were two more ETF listings from CSOP: the C-Shares CSI Consumer Staples Index ETF and C-Shares CSI Healthcare Index ETF.

Vanguard and BMO each launched three ETFs during the review period, the exchange said.

The other new ETF listings were: Haitong CSI300 Index ETF, E Fund Citi Chinese Government Bond 5-10 Years Index ETF (by E Fund Management0 and Horizons CSI 300 ETF (Mirae Asset Management).

Seven ETFs were delisted during the year:

--New Era PRC Fund 


--HSBC MSCI Hong Kong ETF 

--HSBC MSCI Golden Dragon ETF 


--Da Cheng CSI HK State-owned Mainland Enterprises Tracker 

--Da Cheng CSI HK Private-owned Mainland Enterprises Tracker


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