One of Hong Kong's largest exchange-traded funds (ETFs) will resume investing in stocks denied to Americans by U.S. President Donald Trump in an executive order that has caused widespread confusion among asset managers.
By Reuters Staff
3 Min Read
HONG KONG (Reuters) - One of Hong Kong’s largest exchange-traded funds (ETFs) will resume investing in stocks denied to Americans by U.S. President Donald Trump in an executive order that has caused widespread confusion among asset managers.
A spokeswoman from the State Street Corp unit that manages the Tracker Fund of Hong Kong (TraHK) said the ETF, which tracks the benchmark Hang Seng Index, is able to invest in the securities because neither it nor manager State Street Global Advisors Asia are “U.S. persons”.
In an exchange filing on Wednesday TraHK said it would resume buying the shares on Thursday.
Top asset manager BlackRock Inc said its iShares ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.
By Reuters Staff
1 Min Read
BOSTON, Jan 11 (Reuters) - Top asset manager BlackRock Inc has told clients five of its ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.
In a note to clients provided by a spokesman for the New York asset manager on Monday, BlackRock listed five ETFs affected by the index provider changes, including four funds based on indexes provided by MSCI Inc and one benchmarked against the FTSE Russell China 50 Index. (Reporting by Ross Kerber)
Bank of Japan (BOJ) policymakers were divided on how far to go in tweaking its stimulus programme, with some calling for an overhaul of its strategy for achieving 2% inflation, a summary of views voiced at the December rate review showed.