| CSOP Asset Management Launches CSOP MAG Seven ETF Tracking Solactive Magnificent Seven Index
November 6, 2024--Solactive is pleased to expand its collaboration with CSOP Asset Management Limited. The CSOP MAG Seven ETF aims to track the Solactive Magnificent Seven Index, offering investors direct access to seven of the largest and most influential U.S. technology companies-Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla-each of which has established itself as a leader in innovation, digital transformation, and technological advancements. |
| The U.S. tech sector, particularly represented by the "Magnificent Seven," continues to drive the stock market through its cutting-edge innovations and global influence. These industry leaders, spanning areas like AI, cloud computing, and electric vehicles, have demonstrated resilience and high returns, even during market volatility. Nvidia's dominance in AI hardware and Microsoft's growth through AI-driven cloud services reflect the critical role technology plays in shaping the future of industries.[1] With their innovative capacity and strong financial performance, these companies contribute significantly to the overall performance of the U.S. economy, with their stocks forming a substantial portion of major indices like the Solactive GBS United States 500 Index. |
| China's Economy Has Not Peaked January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor. |