Hang Seng Investment, CMS Asset Management launches first two co-branded ETFs

The ETFs will be listed on HKSE on 16 September with an issue price of $78 per unit. 

Hang Seng Investment Management Limited has partnered with CMS Asset Management (HK) Co., Limited to launch two co-branded exchange-traded funds (ETFs), the Hang Seng CMS Bloomberg US Treasury 1-3 Year Index ETF and the Hang Seng CMS Bloomberg US Treasury 7-10 Year Index ETF. 

The new ETFs offer both short- and medium-to-long-duration options, which provide investors with the flexibility to tailor their portfolios according to their risk appetite and financial objectives.

In addition to the listed class units, unlisted class units will be available for wholesale distribution, including the Cross-boundary Wealth Management Connect (WMC) scheme.

The Hang Seng CMS Bloomberg US Treasury 1-3 Year Index ETF and the Hang Seng CMS Bloomberg US Treasury 7-10 Year Index ETF will be listed on the Hong Kong Stock Exchange (HKSE) on 16 September 2024, with an issue price of $78 per unit. 

Trading will be available in board lots of 10 units. The management fee for listed class units is up to 0.2% per annum, with estimated ongoing charges of 0.46% per year. 

An estimated annual tracking difference of the Hang Seng CMS Bloomberg US Treasury 1-3 Year Index ETF is -0.56%, while the Hang Seng CMS Bloomberg US Treasury 7-10 Year Index ETF is -0.61%. 

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