Investing
ETF Watch: Small Cap ETFs for Anything, Hong Kong Small Caps (HKK, SKOR, TWON)
Published:
They say there is an ETF for just about anything. Now we have IndexIQ launching a small cap ETF based on Hong Kong’s small cap equity listings. The launch of IQ Hong Kong Small Cap ETF (NYSE Arca: HKK) is being launched as another “Asian Tiger.”
The new ETF allows investors in America one more avenue to get into domestic Hong Kong via small-cap stocks. The ETF aims to track the performance of the IQ Hong Kong Small Cap Index in a market cap-weighted index.
Index IQ already has two cousins of this ETF… IQ South Korea Small Cap ETF (NYSE: SKOR) is the first South Korea small cap ETF and IQ Taiwan Small Cap ETF (NYSE: TWON) is the first Taiwan small cap ETF.
The Hong Kong version of this shows that there are 100 holdings per the factsheet and the top ten holdings are as follows, with sector and weighting percentage:
The saying is becoming more and more true each day. There really is getting to be an ETF for just about every form of investment class.
JON C. OGG
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