Horizons has launched China High Dividend Yield Index ETF (HCN) today.
HCN seeks to track the Hang Seng High Dividend Yield Index, says the company. It offers investors exposure to China via Hong Kong-listed companies on the Hang Seng Index, which is down 2.23% today. That compares to other mainland exchanges which are down more than 5%.
The new ETF has a management fee of 0.85%, with a quarterly distribution.