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Investors should diversify into Hang Seng Tech index: BlackRock
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Published Sun, Oct 4, 2020 · 09:50 PM
Singapore
US technology stocks have been over-bought and investors should consider diversifying into the new Hang Seng Tech index for exposure to the 30 biggest tech names in China listed offshore, says Thomas Taw, head of Asia Pacific iShares Investment Strategy at BlackRock.
Last month, BlackRock launched its new iShares Hang Seng Tech exchange-traded fund (ETF), which tracks closely the performance of the Hang Seng Tech index, which includes Chinese tech giants like Alibaba and Tencent.
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