Hang Seng TECH Covered Call(03589.HK) +1.85%, ex-div on Nov 2
- It rose 1.85% intraday to HK$6.600 as of 13:03 HKT.
- The active ETF runs a covered call strategy with HK$61.51 million in assets.
NewTimeSpace News:As of 13:03 HKT on October 28, 2026, Hang Seng TECH Covered Call(03589.HK) rose 1.85% intraday to HK$6.600 on turnover of HK$1.57 million and a turnover rate of 2.51%.
NewTimeSpace understands that Hang Seng TECH Covered Call(03589.HK), managed by Hang Seng Investment Management Limited, is an actively managed exchange-traded fund rather than an index-tracking product; its strategy is to hold constituent stocks of the Hang Seng TECH Index and related ETFs while writing call options on the index to earn option premiums, with upside capped at the strike price of the options written plus premiums received, offering some downside cushion but limiting potential gains. As of 13:03 HKT on October 28, the ETF had assets of HK$61.51 million, a net asset value of HK$6.475 per unit, a dividend yield of 11.36% and a board lot of 100 shares.
According to the quote page, the ETF's ex-dividend date is November 2, 2026, with a distribution of HK$0.15 per unit.
chief macro analyst at CSC, said on October 28 that valuation pressure on Hong Kong equities has been partly released, with the Hang Seng Tech Index back near a more than two-year low and growth-stock valuations fairly fully adjusted; a trend-level recovery still needs confirmation, hinging on whether overseas discount-rate pressure eases materially and whether southbound and incremental capital return to form combined momentum.
