HKEX Tech & US Tech 100 ETF Comparison Calculator

HKEX launched the new index on April 13, 2026. Five asset managers — Bosera, Da Cheng, E Fund, GF, and Huatai-PineBridge — already hold ETF licences. The first ETF is expected to list between late May and early June 2026, pending SFC approval and issuer roadshow timing.

Synthetic ETFs do not physically hold the index constituents — they replicate returns via total return swap contracts with investment banks. The core risk is counterparty risk: if the swap counterparty defaults, the ETF may lose up to 10% of unsecured exposure. HKEX requires disclosure of swap counterparties and collateralisation ratios. In practice, synthetic ETFs collateralised by bulge-bracket banks carry extremely low counterparty risk, but still add one extra layer compared to physical replication.

Yes — these new ETFs were designed from the outset to qualify for Southbound. HKEX has signalled that the first five ETFs will seek inclusion in the initial Southbound-eligible batch, with eligibility review expected 3-6 months post-listing. Mainland investors will then be able to purchase via CNY accounts without converting to HKD — a key structural advantage over QQQ (US-listed, inaccessible via Southbound).

Generally not recommended. QQQ (0.20%) has deep US market liquidity, 3086 (0.15%) is HK's cheapest pure Nasdaq tracker — both have proven NAV tracking across multiple drawdowns. The new HKEX ETF carries three unverified risks in its first 6 months: issuer launch fees may swing 0.30-0.68%, synthetic replication may drift during liquidity stress, and daily volume is unknown. A safer approach: treat this as a satellite position (5-10%) for HK tech tilt, keep core Nasdaq exposure in QQQ or 3086, and reassess scaling up 3-6 months post-listing with real tracking error and AUM data.