Operation Diversification: Nasdaq-100 and BMO making news in Hong Kong

We are excited to announce that the Bank of Montreal (BMO) has launched the first ETF tracking the renowned Nasdaq-100 locally listed in Hong Kong. The Nasdaq-100 tracks the 100 largest non-financial companies listed on Nasdaq including some of the world’s best brands: Apple, Gilead Sciences, Starbucks, Microsoft, Alphabet and Facebook to name a few.

The continued growth of the brands listed in the index has pushed the Nasdaq-100 up 98% over the three years between 2013 and 2016. Since the start of this year, the index has fallen more than 10% up to January 27. Click here for current performance.

According to Ignites Asia, “In a market dominated by China A-shares and Hong Kong equities exchange-traded funds (ETFs), the new funds will bring some new flavour to the market, with…an ETF tracking the U.S. Nasdaq 100.”The article says BMO “aims to tap into the investor demand it sees for greater diversification at a time of volatile markets.”

According to the article, of the total 133 ETFs listed in Hong Kong, 45 track China’s A-shares market, 42 invest in Asia-Pacific equities and 21 follow the Hong Kong equities markets. Only nine are classified in the “other equity” category and track global equities markets outside of Asia, according to Hong Kong Exchanges and Clearing (HKEx) data.

“As part of our commitment to help support a vibrant ETF market in Hong Kong, we’re proud to continue our collaboration with BMO Global Asset Management and to support the launch of their NASDAQ-100 Index ETF,” said Rob Hughes, Head of Nasdaq Index & Advisor Solutions. “The ETF industry continues to grow and this milestone will provide local investors access to the NASDAQ-100 Index during Hong Kong trading hours.”

Click here to read the 2015 Nasdaq-100 Evaluation.

For more information on the Nasdaq-100 or any of our indexes, please click here and a member of our team will contact you directly.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.