on 11/19/2014

Nasdaq Aligns with BMO and Local Market Participants to Launch Two ETFs on Hong Kong Exchange

Nasdaq recently announced two of its indexes are the basis for ETFs recently launched by BMO on the Hong Kong Stock Exchange. The BMO Hong Kong Banks ETF (Stock Code: 3143) tracks the Nasdaq Hong Kong Banks Index, and the BMO Asia High Dividend ETF (Stock Code: 3145) tracks the Nasdaq Asia ex-Japan Dividend Achievers Index.

The BMO Asia High Dividend ETF launch is the latest example of continued innovation around the Nasdaq Dividend Achievers family.

“This milestone for our index business in Asia Pacific is due to our close collaboration with local asset managers, exchanges and other local participants, who understand investor demand and the local environment. This allows us to offer consumers new opportunities for their investment portfolios," Rob Hughes, Nasdaq head of Index Services, said.

In 2013, the Guotai NASDAQ-100 Exchange Traded Fund, the first-ever ETF in China based on a U.S. Index, listed in Shanghai, , along with similar ETFs in Korea, India and Japan – all tracking the NASDAQ-100, one of the most liquid, most followed indexes in the world. Over the past year, additional ETFs – based on Nasdaq Indexes - have launched in Asia, including The Mirae Asset Tiger Nasdaq BIO ETF (KRX: Ticker 203780), based on the Nasdaq Biotechnology Index, which launched earlier this year on the Korean Exchange.

“We have been honored to work with fantastic firms all around Asia to bring innovative products to market, and we expect to continue bringing more ETF-related opportunities to Asia, based on the Nasdaq Index Families, such as Dividend Achievers, Biotech, Semiconductor and other indexes that can provide opportunities for Asia-based investors,” Hughes said.

Nasdaq’s Global Index Group offers comprehensive index services, including design, calculation, administration, licensing, research, global visibility, data distribution and exchange-traded product (ETP) listing and licensing. Currently, there are more than 150 ETPs with $100 Billion in AUM tracking some of Nasdaq’s 41,000 Indexes.


NASDAQ® and NASDAQ® are registered trademarks of The NASDAQ Group, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies or NASDAQ proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

© 2015. The NASDAQ Group, Inc. All Rights Reserved.

Account Sign In