Hang Seng Index Company: The scale of tracking the Hang Seng Technology Index ETP reached a new high of USD 15.8 billion at the end of November.

Zhitong
2023.12.28 06:44
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On December 28th, the Hang Seng Index Company blog stated that due to the inflow of funds in November and the expected positive impact of the Federal Reserve's interest rate decision in mid-December, the total assets under management (AUM) of exchange-traded products (ETPs) tracking the Hang Seng TECH Index increased by 18.7% MoM, reaching a new high of USD 15.8 billion. The Hang Seng Index Company mentioned that the market expects a possible interest rate cut in the United States next year, resulting in a flow of funds into the assets under management of the Hang Seng TECH Index. In theory, during a period of deceleration or policy shift in the US interest rate hike, the technology sector in the stock asset category may experience a larger rebound, as the stocks in this sector are mainly growth stocks and are more sensitive to interest rates under unchanged conditions. Therefore, risk-seeking investors may take the lead in making investment allocations ahead of the Federal Reserve's interest rate decision.

Zhitong App learned that on December 28th, the Hang Seng Index Company blog stated that due to the inflow of funds in November and the expected favorable interest rate decision by the Federal Reserve in mid-December, the total assets under management (AUM) of exchange-traded products (ETPs) tracking the Hang Seng TECH Index increased by 18.7% MoM, reaching a new high of USD 15.8 billion.

The Hang Seng Index Company mentioned that the market expects a possible interest rate cut in the United States next year, leading to an inflow of funds into the Hang Seng TECH Index. In theory, the technology sector in the stock asset category may experience a larger rebound during a period of deceleration or policy shift in US interest rate hikes, as the stocks in this sector are mainly growth stocks and are more sensitive to interest rates under unchanged conditions. Therefore, risk-seeking investors may take the lead in making investment allocations ahead of the Federal Reserve's interest rate decision.