GF Launches ETF Combining Hong Kong and U.S. Technology Stocks

GF International Investment Management has launched the GF HKEX Tech & US Tech 100 Index ETF, trading in Hong Kong dollars (3599), renminbi (83599) and U.S. dollars (41599). The fund tracks a benchmark combining the HKEX Tech 100 Index with 100 leading Nasdaq-listed technology companies, including the Magnificent Seven. It allocates 62% to Hong Kong and 38% to U.S. stocks, caps individual companies at 12% and rebalances quarterly. Hong Kong exposure spans themes including AI, biotech, electric vehicles, internet and robotics, with constituents eligible for Southbound Stock Connect. The ETF may use full replication or representative sampling, including correlated funds and derivatives. Units trade in lots of 100 across all three counters. The annual management fee is 0.90%, with estimated ongoing charges of 1.0%. Distributions are discretionary, paid in HKD and may come from capital.