Hang Seng BeES (Benchmark Exchange Traded Scheme)

aka_iitd · #1 15th February 2010, 06:42 PM

Hi All,

What is this?

Presently it is open.

vasa1 · #2 15th February 2010, 07:23 PM

Quote:

Originally Posted by aka_iitd

Hi All,

What is this?

Presently it is open.

You can see this:

http://nseindia.com/content/mfss/mf_fd_hsbets.pdf

man4urheart · #3 16th February 2010, 12:44 AM

Not the right time to invest!

I will skip it

21 EMA is below 50 Ema which is bearish and price is fighting with 200 EMA.

Cross over signal after almost 10 months, signaling start of Corrective C wave!

Alchemist · #4 16th February 2010, 07:48 AM

Hang Seng BeES (Benchmark Exchange Traded Scheme)

- It is an ETF (Exchange Traded Fund) that will be listed on the NSE.

- Hang Seng BeES is the first International ETF to be listed in India.

- Hang Seng BeES will track the "Hang Seng Index".

- The NFO opened on 15th February 2010 and closes on 24th February.

- Most of the companies in the Hang Seng index are directly or indirectly dependent on the Chinese economy. Thus, in a way, this ETF can be considered as an option to invest in the Chinese stock market.

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More about the Hang Seng Index from the NFO brochure:

- HSI is a free-float market capitalisation weighted index, but with a 15% cap for each constituent stock.

- Consists of 42 stocks.

- Represents nearly 60% of total market capitalisation of Hong Kong stock exchange.

- Currently has a dividend yield of 3.25%.

Note: The ETF comes only with a growth option.

vasa1 · #5 16th February 2010, 10:59 AM

Quote:

Originally Posted by Alchemist

Hang Seng BeES (Benchmark Exchange Traded Scheme)
...
- Hang Seng BeES is the first International ETF to be listed in India.

...

Buying in the NFO requires a high minimum, Rs. 10,000, I think.

So it may be better to wait post-listing and then nibble as per requirement.

rajsharmani1 · #6 16th February 2010, 02:12 PM

The issue closes on 24th Feb.

rajsharmani1 · #7 16th February 2010, 02:14 PM

Just read this interview on moneycontrol...seems really interesting the entire launch of the first international ETF in India.

http://www.moneycontrol.com/news/mf-...re_441732.html

sudhashbahu · #8 16th February 2010, 03:10 PM

This is probably the first instrument to be traded on the stock exchanges where we have to factor in currency risks.

If the rupee strengthens against the Yuan, there will be a corresponding negative impact on the ETF value... and the Chinese Government has a single minded policy to artificially depress the yuan.

Has anyone studied the INR-Yuan relationship?

Alchemist · #9 16th February 2010, 04:48 PM

Quote:

Originally Posted by rajsharmani1

Just read this interview on moneycontrol...seems really interesting the entire launch of the first International ETF in India.

http://www.moneycontrol.com/news/mf-...re_441732.html

The ETF can't be shorted on delivery basis and thus hedging is possible only on intra-day basis.

Quote:

Originally Posted by sudhashbahu

Has anyone studied the INR-Yuan relationship?

Hong Kong has its own "Dollar" which is pegged to the USD.

The currency risk (for someone in India) would be similar to that with any other USD investment.