Southern East British American Stock Seven Giants ETF (03454) will be listed on the Hong Kong Stock Exchange tomorrow.
2024-11-05 18:57
Zhitongcaijing
The market value of the seven giant stocks in the US stock market has reached $15.41 trillion, surpassing the total size of the stock markets in Japan, Canada, and the UK.
The Southern Dongying American and British Stock Seven Giants ETF (03454) will be listed on the Hong Kong Stock Exchange tomorrow (November 6). In order to track the performance of the Solactive US Stock Seven Giants Index, the ETF adopts a comprehensive replication strategy. The listing price is approximately 7.8 Hong Kong dollars per unit, with a trading unit of 100 shares, a management fee of 0.6%, and the ETF has raised an initial investment of $5 million.
Technology giants Alphabet (GOOGL.US), Amazon (AMZN.US), Apple (AAPL.US), Meta (META.US), Microsoft (MSFT.US), Nvidia (NVDA.US), and Tesla (TSLA.US) make up the US stock seven giants. The market value of the US stock seven giants' stocks is $15.41 trillion, surpassing the total size of the stock markets in Japan, Canada, and the UK. Since 2015, the weight of the US stock seven giants in the S&P 500 index has roughly tripled, rising from 11.93% to 31.65%. In the Nasdaq 100 index, which is concentrated in technology stocks, the proportion of the US stock seven giants has steadily increased, long-term dominating the market.