Hong Kong Exchange Launches AI Stock Index
Hong Kong Exchanges and Clearing has launched a new index that tracks AI-related companies. Southern Asset Management has also been approved to launch an exchange-traded fund based on it, so investors may soon have a simple way to buy into a basket of AI firms.
Quick glossaryHKEX, AI Index, ETF
- HKEX
- Hong Kong Exchanges and Clearing, the company that runs the main stock exchange in Hong Kong and is best known for trading and listing shares there.
- AI Index
- A list of selected companies whose combined share prices are tracked to show how a particular group of businesses is performing over time.
- ETF
- Exchange-traded fund, a basket of investments that is bought and sold on a stock exchange, just like a single share.
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