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Deacons Financial Services Partner Pinky Siu and Associate Calvin Li recently assisted Phillip Capital Management (HK) Limited (Phillip) to set up a new open-ended fund company (the OFC), namely, Phillip ETF Series OFC, and its initial sub-fund, Phillip HK Newly Listed Equities Index ETF (the ETF).
The ETF is Phillip’s first exchange-traded fund listed in Hong Kong, which was listed on The Stock Exchange of Hong Kong (the SEHK) on 21 November 2022.
The ETF tracks the Solactive Hong Kong Newly Listed Equities Index, which represents the performance of securities that had a recent initial public offering (IPO) or new listing on the main board of the SEHK.
The listing, in the form of an OFC continues to reinforce the success of OFCs as an investment vehicle and demonstrates our client’s innovative approach to provide diverse investment options to the investors.
The Deacons team was led by Partner Pinky Siu and Associate Calvin Li.
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