Hang Seng Investment Celebrates the Debut of SAB Invest Hang Seng Hong Kong ETF on Saudi Exchange

HONG KONG,Oct. 31, 2024/PRNewswire/ -- Hang Seng Investment Management Limited ('Hang Seng Investment'),Hong Kong'slargest exchange-traded fund ('ETF') manager, is pleased to celebrate the launch ofSAB Invest Hang Seng Hong Kong ETF by its partner SAB Invest, a subsidiary of The Saudi Awwal Bank inSaudi Arabia. This new feeder ETF, which fully invests into the Tracker Fund ofHong Kong('TraHK'– Stock Code: 2800.HK), made its trading debut on the Saudi Exchange (Tadawul) today (31 October 2024).

Addressing attendees at the listing ceremony, the Honorable Paul Chan Mo-Po, Financial Secretary of the Government of the Hong Kong Special Administrative Region ('HKSAR') congratulated SAB Invest, Hang Seng Investment and the Saudi Exchange (Tadawul) for this successful listing, and said,"Today's ETF invests into the Tracker Fund ofHong Kong, which tracks more than 80 of the largest, most liquid, stocks on the Hong Kong Stock Exchange. It creates another channel for Saudi investors to participate inHong Kong'sequity market on a diversified basis covering such key sectors as finance, technology and property – inHong Kong, and Mainland China."

Speaking at the event,Rosita Lee, Director and Chief Executive Officer of Hang Seng Investment Management Limited, said:"As the manager of TraHK, Hang Seng Investment is delighted that TraHK has been selected as the underlying investment for the new feeder ETF outside ofHong Kong, highlighting its appeal to international markets. Our collaboration with SAB Invest demonstrates our shared vision of fostering a greater diversity in the investment market inSaudi Arabiaand will play a pivotal role in strengthening capital flows betweenHong Kongand theMiddle East, particularly by leveragingHong Kong'sposition as a super connector between mainlandChinaand the rest of the world."

Launched in 1999, TraHK is the largest ETF inHong Kongin terms of assets under management (AUM) and turnover, with AUM ofHKD 166 billionas of the end ofSeptember 2024. The SAB Invest Hang Seng Hong Kong ETF offers Middle Eastern investors a new opportunity to accessHong Kong'sdynamic capital markets.

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SOURCE HANG SENG BANK LIMITED