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华尔街发行商打造“Lucky 8”中概巨头ETF,对标美股科技“七雄”

Wall Street issuer creates “Lucky 8” Chinese giant ETF to target the “Seven Heroes” of US stock technology

cls.cn ·  May 31 18:17

Source: Finance Association

① According to the document, the initial members of “Lucky Eight” were Tencent Holdings, Alibaba, Meituan, BYD, and Xiaomi, Pinduoduo, JD, and Baidu; ② Although some China Internet ETFs have provided exposure, Mazza hopes investors can focus on a few key targets in this field.

Earlier this month, US asset management company Roundhill Investments submitted a document to the US Securities and Exchange Commission (SEC) to launch an outline of the “Big Seven ETF” to replicate its success in tracking US stock technology companies.

According to information, Roundhill is focused on providing innovative ETFs, and last year it launched$Roundhill Magnificent Seven ETF (MAGS.US)$, tracked down$NVIDIA (NVDA.US)$,$Alphabet-A (GOOGL.US)$,$Apple (AAPL.US)$,$Tesla (TSLA.US)$,$Amazon (AMZN.US)$,$Microsoft (MSFT.US)$und$Meta Platforms (META.US)$Seven stocks, with assets under management of US$331 million, were rated by ETF.com as the “Best New ETF” of the year.

It is worth mentioning that the Financial Services Association previously introduced$Roundhill GLP-1 & Weight Loss ETF (OZEM.US)$(GLP-1 drug and diet drug ETF) is also from Roundhill, a company whose top two positions are$Eli Lilly and Co (LLY.US)$und$Novo-Nordisk A/S (NVO.US)$In addition, New Zealand Pharma, Amgen, etc. have also allocated targets for Japanese stocks and Hong Kong stocks.

Source: SEC files
Source: SEC files

Today, Roundhill is planning to launch the Lucky Eight ETF (Lucky Eight ETF), with the code “LCKY,” to become China's answer to the success stories of large Wall Street tech stocks.

Analysts pointed out that the reason for the eight stocks is because “eight” is similar to “hair” in Chinese pronunciation. Corresponding to this, in American culture, the number “7” is generally regarded as a lucky number, and there is a saying “Lucky 7.”

According to the documents, the initial members of “Lucky Eight” were$TENCENT (00700.HK)$,$Alibaba (BABA.US)$,$MEITUAN-W (03690.HK)$,$BYD COMPANY (01211.HK)$, and$XIAOMI-W (01810.HK)$,$PDD Holdings (PDD.US)$,$JD.com (JD.US)$und$Baidu (BIDU.US)$, ETFs will hold shares or American Depositary Receipts (ADR) of these companies. The document mentioned that if the company is listed on A-shares and Hong Kong stocks only, the ETF will hold its Hong Kong shares.

Roundhill wrote that “Lucky Eight” will rebalance weights every quarter and decide which companies make up the ETF based on market evaluations. Roundhill CEO Dave Mazza told the media, “Investors are looking for precise exposure to China's spending potential, just like we found in MAGS.”

The document states that these eight Chinese companies dominate the market in terms of technological innovation. Mazza said that if China's economy grows at an accelerated pace, this may be an opportunity for investors to enter the Chinese market. Although there are already some China Interconnect ETFs that provide exposure, Mazza hopes investors can focus on a few key targets in this area.

According to the documents, if approved by the SEC, the Lucky Eight ETF is expected to be launched this summer. Mazza said, “I acknowledge that portfolios often need to be diversified. But if you just want to buy shares of these companies, some traditional Chinese securities ETFs are difficult to do, but Jixiang8 can do that.”

Earlier this week, International Monetary Fund (IMF) First Vice President Geeta Gopinath said that considering China's strong gross domestic product (GDP) growth in the first quarter of this year and related policy incentives, the IMF raised China's economic growth forecast to 5% this year.

editor/tolk

The translation is provided by third-party software.


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