Asset manager Mirae Asset Global Investments (Hong Kong)’s Global X Hang Seng High Dividend Yield ETF has, as of August 14, surpassed US$600 million in assets under management (AUM), passing another milestone after its inclusion in the ETF Connect Scheme and solidifying its position as the largest high-dividend yield exchange-traded fund (ETF) by AUM listed in Hong Kong.
During the recent market turmoil, investors, the asset manager notes, are seeking defensive strategy to navigate uncertainties. With a track record of over 11 years since its inception in 2013, the fund aims to provide investors with high-dividend returns, boasting an annualized dividend yield of 8.24% and a semi-annual dividend distribution target.
Furthermore, the ETF offers lower volatility compared with the broad market. It tracks the Hang Seng High Dividend Yield Index, which has shown lower annualized volatility than the Hang Seng Index since 2014, providing investors, the asset manager says, “with a resilient option to build up an income source in their portfolios”.
The firm now offers a total of 36 ETFs listed in Hong Kong, including nine income ETFs, spanning a diverse array of investment capabilities.