The Tracker Fund of Hong Kong (TraHK) became the largest exchange-traded fund (ETF) in the city, with its assets under management reaching HK$178 billion, The Standard reported Thursday.

Since 2022, Hang Seng Investment has managed TraHK, boosting its assets by 46% in two years and reducing the expense ratio to 0.07%, the report said.

With expansion globally, TraHK recently launched a feeder ETF on the Saudi Exchange, offering Middle Eastern investors access to Hong Kong's capital markets, the Standard said.

Hang Seng Investments is a unit of Hang Sang Bank. Executive Director Diana Cesar added that the Hong Kong fund is now going global and offering its products in different parts of the world, the publication noted.

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