iShares Core Hang Seng Index ETF
BlackRock to launch "Hong Kong’s cheapest Hang Seng Index ETF"
| Prospectus
South China Morning Post, 17-Nov-2016
The fund (3115) will charge 0.09% p.a. compared with 0.10% for TraHK (2800), but the board lot is HK$800, versus $11,200 for TraHK. HKEX charges $1.5 per board lot on increases in holdings between book closure dates, so the extra 13 board lots to reach $11,200 in the Blackrock fund will cost $19.50 (or more if your broker marks up the fee). That is 0.17%, so unless you plan to hold for at least 17 years, TraHK will still be cheaper overall for any sensible investment size. Webb-site is surprised that Blackrock has chosen such a small board lot.
South China Morning Post, 17-Nov-2016
The fund (3115) will charge 0.09% p.a. compared with 0.10% for TraHK (2800), but the board lot is HK$800, versus $11,200 for TraHK. HKEX charges $1.5 per board lot on increases in holdings between book closure dates, so the extra 13 board lots to reach $11,200 in the Blackrock fund will cost $19.50 (or more if your broker marks up the fee). That is 0.17%, so unless you plan to hold for at least 17 years, TraHK will still be cheaper overall for any sensible investment size. Webb-site is surprised that Blackrock has chosen such a small board lot.
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