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. |
Shanghai Stock Exchange, Deutsche Börse and CEINEX signed a memorandum of understanding on special cooperation on depository receipts under the stock connectNovember 6, 2024--On 6 November 6 2024, the Shanghai Stock Exchange (SSE), Deutsche Börse Group (DBG) and China Europe International Exchange (CEINEX) signed a memorandum of understanding on special cooperation on depository receipts under the stock connect. |
BetaShares-The ultimate guide to dividend ETFsNovember 6, 2024--Dividend exchange-traded funds (ETFs) offer investors the opportunity to generate attractive income.
|
HKEX to Digitalise ETP Servicing Capabilities with Online PlatformNovember 5, 2024--Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and regulatory approval. |
Asia's Economies Can Embrace Services to Boost Growth and ProductivityOctober 30, 2024--Manufacturing has been the engine of growth in Asia, but a transition to modern, tradable services could be new source of growth and productivity |
Japan maintains cautious stance on crypto ETFsOctober 23, 2024--While global markets embrace crypto ETFs, Japan's strict tax policies and regulatory caution impede further adoption. |