I have been monitoring the Hang Seng Index since the protests in Hong Kong started in the middle of last year, with the aim of diversifying my portfolio beyond the Singapore market. I believe that it would be more appropriate for my first foreign investment to be via an ETF (safer, perhaps?), and the Tracker Fund of Hong Kong (2800.HK), listed on the Hong Kong Stock Exchange, seems to be an ideal choice. For a brief overview, TraHK seeks to track the performance of the Hang Seng Index, which includes the largest and most liquid constituent companies listed on the Hong Kong Stock Exchange. The fund’s top 10 holdings are as follows:

My rationale for investing in this ETF is rather straightforward:
1) Gives my portfolio geographical exposure beyond Singapore equities. The HSI is more of a proxy for China’s economy than Hong Kong’s, due to the proportion of Chinese companies making