Phillip Hk Newly Listed Equities Index Etf (02835.HK) surged nearly 2% in the morning session; the fund offers investors a passive vehicle to implement an “IPO subscription” strategy.

NewTimeSpace Flash – 8 January 2026: Phillip Hk Newly Listed Equities Index Etf (02835.HK) moved higher intraday; by 10:23 a.m. the fund had gained 1.96%, led by constituent Black Sesame Intelligence up more than 4% and Pateo Connectivity up over 3%.

HKEX data show that Phillip Hk Newly Listed Equities Index Etf (02835.HK) compiled by Phillip Securities. The benchmark holds a basket of newly listed Hong Kong stocks and is designed to give investors a passive vehicle for “IPO subscription” exposure; its performance is tightly linked to the pace of HK IPOs and the price action of new listings during their first days and weeks, allowing real-time access to primary-market premiums via exchange trading. The index turns over rapidly and suits aggressive investors who can time Hong Kong’s new-issue cycle and tolerate elevated volatility.

NewTimeSpace Research reminds investors that the fund previously participated in major IPOs such as JD Health, Kuaishou and XPeng, and its NAV once rose more than 40% in 2021, but it has also given back gains when market sentiment soured. Prospective buyers should monitor both the pipeline of Hong Kong new listings and the broader mood of the market.

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