The company said that both ETFs will trade on the Hong Kong stock exchange.
The annual management fee and total expense ratio of the MSCI China ETF and Hang Seng High Dividend Yield ETF are capped at 0.049% and 0.25%; 0.18% and 0.38%, respectively.
Horizons ETFs Series are managed and operated by Mirae Asset Global Investments.
Mirae Asset Global Investments ETF Hong Kong head Laura LUI said the funds’ lower fees will allow investors to reduce costs, enhance index tracking precision, and maximize total net returns over the long run.
The MSCI China Index offers coverage of the large- and mid-cap segments of the Chinese market, such as Chinese securities listed on the Hong Kong stock exchange and B-shares listed on the Shanghai and Shenzhen stock exchanges.
The Hang Seng High Dividend Yield Index includes 50 constituents, which convey the overall performance of high-yield securities including stocks and REITs, listed in Hong Kong.
Horizons ETFs Group had over $7bn in assets under management (AUM) and 171 ETF listings across the globe, as of 31 May 2013.
