Ping An East-West Select ETF (03477.HK) Rises 1.28% Intraday as Hong Kong MPF Members Favour US over Local Equities

NewTimeSpace News: As of 15:52 on September 21, Ping An East-West Select ETF (03477.HK) rose 1.28% to a latest price of HK$17.470, with an opening price of HK$16.970, a high of HK$17.560, a low of HK$16.970, and an intraday amplitude of 3.42%. The ETF traded 7.5574 million shares with a turnover of HK$132.44 million, an average price of HK$17.525, a premium rate of -0.58%, and a turnover rate of 20.43%. Its current net asset value per unit is HK$17.35, and its assets under management stand at HK$641.9 million.

(Note on scope: the net asset value per unit, assets under management and premium rate are as of September 18, 2026.)

On the news front, GUM, a Hong Kong MPF consultancy, released its August 2026 MPF market analysis report, which showed total MPF market assets rising 1.6% to HK$1.706 trillion as of August 31. The report noted that members' fund-switching preference this year has favoured US equity funds over Hong Kong ones, with US equity funds drawing more than HK$12 billion year-to-date while Hong Kong equity funds, including index-tracking ones, saw net outflows of over HK$10 billion.

Ping An East-West Select ETF (03477.HK) closely tracks the Solactive Global Pacific Select HKD Index NTR. The index is a net total return, free-float market-capitalisation weighted index whose constituents cover securities listed on the Stock Exchange of Hong Kong and on US exchanges including the New York Stock Exchange, NYSE American, NYSE Arca, Nasdaq, IEX and BZX. The fund primarily adopts a full replication strategy, investing in index securities in broadly the same proportions as in the index.

China Galaxy Securities believes that whether Hong Kong stocks can break out hinges on whether their own fund flows and industrial logic can offset offshore interest rate disturbances; if Hong Kong stocks can hold their ground and rally on rising volume despite external pressures, it would show that the re-rating of Chinese assets, southbound inflows and the technology industry cycle are becoming the core drivers of the market.

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