BOCI-Prudential Asset Management (BOCI-Prudential) has launched an index-tracking exchange-traded fund (ETF) on the Main Board of the Stock Exchange of Hong Kong.

W.I.S.E. - SSE 50 China Tracker was actively traded during its trading debut, closing at HK$20.20 per unit and achieved a trading volume of 5.05 million units, which represent an aggregate turnover of approximately HK$10m.

W.I.S.E. - SSE 50 seeks to provide investment performance (before taxes) that tracks the performance of the SSE 50 Index. Managed by China Securities Index Company Limited, SSE 50 Index comprises 50 largest constituent A-shares of good liquidity listed on the Shanghai Stock Exchange (SSE), representing approximately 70% of the total market capitalisation of SSE.

Dr. Tang Hing Sing, investment director - quants at BOCI-Prudential, said: "We are very satisfied with the performance of W.I.S.E. - SSE 50 during its trading debut on the HKSE. It reflects investors' confidence in the index-related funds, and this new A-shares ETF serves to provide a representative large cap investment tool, bringing investors to the core of Shanghai A-shares market."