Description

The ChinaAMC Hong Kong Banks ETF, an exchange-traded fund overseen by BMO Global Asset Management (Asia) Limited, is structured to invest in publicly traded companies within Hong Kong's equity markets. It specifically targets firms operating in the banking industry, including those of varying market capitalizations, though it excludes any with a market cap below US $500 million. The fund's objective is to mirror the performance of the NASDAQ Hong Kong Banks Index by allocating investments to its constituent companies based on their index weightings. This ETF was launched on November 5, 2014, and is domiciled in Hong Kong.