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2800 - State Street Replaced by Hang Seng Investment Management

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  1. #1

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    2800 - State Street Replaced by Hang Seng Investment Management

    Spotted on AAStocks.

    TRACKER FUND (02800.HK) announced that Hang Seng Investment Management Limited (HSVM) has been selected as the new manager of Tracker Fund of Hong Kong (TraHK).

    It is expected that the transition to the new manager will be completed in the third quarter of 2022, subject to the foregoing and regulatory approvals, the announcement added.
    TRACKER FUND: Hang Seng Investment Selected as New Manager
    Last edited by shri; 29-03-2022 at 05:52 PM.

  2. #2

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  3. #3

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    ... and management fees??


  4. #4

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    Quote Originally Posted by GentleGeorge:
    ... and management fees??
    And I thought you wuz a patriot.

  5. #5

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    Not bad at all..

    Hang Seng Investment Management (HSVM) will lower the effective management fee of TraHK to 0.022 percent per annum in the first three years, equivalent to a 31 percent reduction compared with TraHK's management fee schedule, the fund said.

    HSVM will further reduce the effective management fee to 0.019 percent a year from the fourth year onwards, which represents about a 40 percent reduction.

    https://www.thestandard.com.hk/secti...s-fees-by-31pc
    pin, shri and Fatpigkenny like this.

  6. #6

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    Quote Originally Posted by ndt:
    Not bad at all..


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    shri likes this.

  7. #7

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    I guess they own the index and are happy to waive the index fees that they used to charge state street ?


  8. #8

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    Quote Originally Posted by freeier:
    I guess they own the index and are happy to waive the index fees that they used to charge state street ?
    Different legal entity, but might be a patriotic waiver. These guys have a bunch of other ETFs and funds too. Not looked at their charges.

    I also assume its far away and separated enough from HSBC to worry about a repeat on sanctions.

    https://www.hangsenginvestment.com/e.../products/etf/

  9. #9

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    I think sheer size allows them to do so otherwise HK Financial industry would happily jump at any chance to rip off investors, let see how much same ETF is charged for under MPF, my guess is still 0.75%..


  10. #10

    Hope my question is not too far from the main topic.

    Do you know an ETF tracking the HSI like 2800, but that reinvests the dividends?

    Thank you


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