Hong Kong’s Largest ETF to Offer Trading in Yuan From Next Month
Hong Kong’s largest and most popular exchange-traded fund (ETF) will allow investors in the secondary market to trade in yuan starting Sept. 19, the same day as a new manager takes over its operation, allowing investors to trade the fund in a currency other than Hong Kong dollars.
The Tracker Fund of Hong Kong (TraHK), which is currently denominated and traded in Hong Kong dollars, announced on Friday the addition of a new yuan trading counter. Primary market operations will continue to be settled only in the Hong Kong currency, according to a statement from the fund.
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