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Hang Seng TECH Index Page
Quick Facts about Hang Seng TECH Index
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Background
- Hang Seng TECH Index was launched on 27th July 2020. It includes the 30 largest technology companies with high business exposure to the Technology Themes listed on Main Board of HKEX.
- Securities are weighted by free float-adjusted market capitalization with 8% cap. The composition is rebalanced quarterly.
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Targets
- Theme Requirement: high business exposure to either Internet, FinTech, Cloud, E-commerce, or Digital
- Sector Requirement: classified as Information Technology, Consumer Discretionary, Industrials, Financials, or Healthcare sector
- Adopts Innovation Screening + Fast Entry to include technology companies with innovation and unicorns planning to list in Hong Kong
- Besides the “ATMXJ” Tech giants, the index also includes medium size companies with less turnover or with market cap < HKD $20 billion
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Sector Composition
Sector
- Information Technology
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- Industrials
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- Healthcare
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- Consumer Discretionary
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- Financials
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Stocks Code And Name
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Innovation Screening
Composite needs to meet at least one of the below criteria:
- Technology-enabled business
- Research & Development Expense to Revenue Ratio ≥ 5% ; or
- Year over Year Revenue Growth ≥ 10%
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Fast Entry for new IPO
If the market capitalization of a newly listed security ranks within the Top 10 of the existing constituents on its first trading day, it will be added to the index after the close of its 10th trading day of the new issue.
The number of constituents would reset to 30 at the next quarterly rebalancing.
Data Source: Hang Seng TECH Index website, up to 16th November 2020.
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Hang Seng TECH Index vs Hang Seng Index
3 Month Performance Comparison
- Hang Seng Index
- Hang Seng TECH Index
Both indices were rebased at 0% for the start of period.
Return Analysis
|
Hang Seng TECH Index |
Hang Seng Index |
|
Change(Point) |
Change(%) |
Change(Point) |
Change(%) |
1 Day |
-111.95 | -2.6% | -371.14 | -1.9% |
5 Day |
-81.64 | -1.9% | -196.37 | -1% |
1 Month |
-275.43 | -6.1% | -1,268.98 | -6.2% |
3 Month |
+737.59 | +21.0% | +1,588.97 | +9.0% |
6 Month |
+253.61 | +6.4% | +34.37 | +0.2% |
1 Year* |
+129.08 | +3.1% | +1,319.13 | +7.4% |
YTD |
+531.43 | +14.3% | +2,441.42 | +14.5% |
* All information for the Hang Seng TECH index prior to its launch date is back-tested, back-tested performance reflects hypothetical historical performance. For more details please refer to Hang Seng TECH Index website.
Last Update: 2024-11-22 16:30