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27 Mar 2025
Lion-OCBC Securities Hang Seng TECH ETF Achieves 19.20% Return in 2024
Summary:
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Fund Performance: The ETF delivered a 19.20% return in HKD terms for the year ending 31 December 2024.
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Sector Highlights:
- Top Performing Sectors: Information Technology (+41.4%) and Consumer Discretionary (+24.0%).
- Underperforming Sectors: Financials (-34.0%) and Consumer Staples (-28.4%).
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Top Contributors:
- Xiaomi (+111.9%)
- Meituan (+84.2%)
- Tencent (+43.6%)
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Key Detractors:
- Kuaishou Technology (-21.2%)
- Baidu (-28.0%)
- Li Auto (-35.0%)
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Market Environment: The ETF's performance was influenced by global monetary easing, with the Federal Reserve initiating rate cuts and China implementing policies to stimulate economic growth.
Note: All data is sourced from the Lion-OCBC Securities Hang Seng TECH ETF Annual Report for the financial year ended 31 December 2024.