ChinaAMC launches HK-US cash-flow ETF and Asia’s first HALO ETF

ChinaAMC launched two Hong Kong-listed exchange-traded funds tracking Solactive indexes. The ChinaAMC Franklin HK-US Equity Cash Flow Focus ETF began trading on 29 September 2026 and the ChinaAMC HK-US HALO ETF on 30 September 2026 on the Hong Kong Stock Exchange.

The Cash Flow Focus ETF tracks the Solactive G2 Cash Flow Index NTR and holds 100 securities, with 80 US companies and 20 Hong Kong companies drawn from large- and mid-cap pools. Hong Kong constituents must be accessible via Southbound Stock Connect and companies in the financial sector are excluded. The index applies forward free cash flow and historical operating cash flow screens, and uses free cash flow yield and liquidity criteria in its final selection. Constituents are weighted by trailing 12-month free cash flow, with a target split of about 60% Hong Kong and 40% US and an individual security cap of 8%. The index is rebalanced quarterly. The ETF trades under tickers 03520.HK (HKD), 83520.HK (RMB) and 41520.HK (USD).

The HALO ETF follows the Solactive Global HALO Select Index, a 60-stock benchmark equally sourced from Hong Kong and US universes. The index focuses on companies in Core Resources & Materials, Supporting Industrial & Infrastructure, and Digital Infrastructure & Technology. Eligible firms are evaluated using six three-year measures covering cash conversion, accruals, operating cash-flow stability, tangible assets, depreciation intensity and reinvestment. Constituents are weighted by free-float market capitalisation. The index currently allocates about 62% to Hong Kong and 38% to the US, with sector and security caps of 40% and 9% respectively. The index is rebalanced semiannually. The ETF trades under tickers 3479.HK (HKD), 83479.HK (RMB) and 9479.HK (USD).

Solactive described both indexes as systematic, rules-based approaches to screen and weight stocks to provide cross-market exposure based on company fundamentals. The G2 Cash Flow approach emphasises firms that generate cash after capital expenditure. The HALO approach targets companies with substantial physical assets and lower obsolescence risk, assessing how assets, cash flows and reinvestment shape operations.

Timo Pfeiffer, chief markets officer at Solactive, said: “We are delighted to deepen our collaboration with ChinaAMC and to convert differentiated investment ideas into rules-based strategies.” Katie He, executive director and head of strategic business at ChinaAMC (HK), added: “These two ETFs are intended to serve distinct roles within a diversified portfolio, one centred on cash-flow strength and the other on asset durability.”

ChinaAMC partnered with Solactive to list the products on the Hong Kong exchange. The HALO ETF is described by the issuer as Asia’s first ETF explicitly focused on the HALO theme. Both funds provide on-exchange access to combined Hong Kong and US equity exposure while applying different quantitative screens and weighting schemes to reflect their respective investment approaches.