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FINANCIALS
Haitong Launches ESG ETF Tracking MSCI China A Index
Haitong International Securities’ [0665:HK] affiliate, Haitong International Asset Management, on October 15 launched the Haitong MSCI China A ESG ETF on the HKEX [0388:HK], as reported by 36Kr on the same day. The ETF, which tracks MSCI China A ESG Universal Index, marks as the first ETF listing in Hong Kong that broadly invests in China ESG-themed companies. While the parent MSCI China A Index has 475 constituents, the MSCI China A ESG Universal Index comprises 429 firms that could be traded through the Mainland-Hong Kong Stock Connect program. Meanwhile, MSCI’s “ESG Universal” methodology excludes companies involved in controversies, such as the production of weapons or violations of global norms.