The Hong Kong Stock Exchange is getting an index to track the performance of some of the biggest technology companies in the world. The gauge, known as Hang Seng Tech Index, will include the largest 30 of 163 entities which command a combined market cap of c.USD$1.58trn. This is relatively similar to the Nasdaq Composite Index. The index, which debuts today, will likely trigger fund managers to introduce ETFs as a short cut for investors to buy into these tech stocks. As tech stocks were performing strongly this year, it provides the perfect window of opportunity for asset managers to launch tech-focused ETFs, which will likely be popular among investors. The top 5 constituents of the index are Alibaba Group, Tencent Holdings, Meituan Dianping, Xiaomi, and Sunny Optical. This new index comes at a time when many US-listed mainland tech companies are “returning home” with a secondary listing in HK,...