ICBC UBS AM launches HK-Global Artificial Intelligence ETF

ICBC UBS Asset Management International and index provider Solactive listed the ICBC UBS HK-Global Artificial Intelligence ETF on the Hong Kong Stock Exchange on Sept. 30, 2026. The fund tracks the Solactive G2 AI Economy Select Index and combines eligible Hong Kong-listed companies with names from a broader global universe to provide exposure to the artificial intelligence economy.

The Solactive G2 AI Economy Select Index includes companies involved in AI core activities and AI-enabling infrastructure. Eligible sectors include semiconductors, software, IT services, computer hardware, electronic components, data processing, telecommunications equipment and internet retail.

Index construction begins by selecting the 30 largest eligible Hong Kong-listed securities by free-float market capitalisation. The index then adds the highest-ranked securities from the remaining global eligible universe until it reaches up to 100 constituents. Constituents are weighted by free-float market capitalisation. The index sets a fixed allocation of about 62% to eligible Hong Kong-listed securities and 38% to the remaining universe. Individual constituent weights are capped at 15% and the index is rebalanced on a semi-annual basis.

The ETF is listed on HKEX under the ticker 3587.HK, with additional share classes available in Hong Kong dollars, renminbi and US dollars. Solactive described the launch as its first collaboration with ICBC UBS Asset Management International. Timo Pfeiffer, chief markets officer at Solactive, commented: “We are pleased to mark our first collaboration with ICBC UBS through this launch. The AI economy is developing across a broad range of industries, encompassing both core technologies and the infrastructure that enables their growth. We are delighted to contribute our index expertise to this collaboration.”

Danielle Li, head of fixed income and quantitative investment at ICBC UBS Asset Management (International), commented that artificial intelligence is reshaping the global economy and that the ETF offers Hong Kong investors a single entry point to companies across China’s AI stack, US cloud and semiconductor firms, and related Asian and global supply chains.

The ETF’s rules set semi-annual rebalancing and free-float market-cap weighting, with a 15% cap on single holdings, and its constituent mix is intended to cover companies that build core AI models and those that supply compute, components and infrastructure for AI deployment.