tracker fund of hong kong type fund founded 1999 founder hksar government headquarters hong kong island hong kong website www.trahk.com.hk eng tracker fund of hong kong or trahk sehk 2800 chinese is a unit trust which provides investment results that correspond to the performance of the hang seng index in the hong kong stock market . 1 history edit in 1998 the hong kong sar government acquired a substantial portfolio of hong kong shares to sustain linked exchange rate during the asian financial crisis . to minimise disruption to the market the government chose to launch the ipo of the exchange traded fund the tracker fund of hong kong in 1999 as the first step in its disposal programme . 2 in august 1998 the hong kong government acquired a substantial portfolio of hong kong shares during a market operation . the exchange fund investment limited efil was established in october 1998 by the government to advise on the disposal of this portfolio in an orderly manner . when seeking to dispose of these shares the government chose a stock neutral solution that would create minimal disruption to the market . an exchange traded fund the tracker fund of hong kong trahk which met these requirements and added depth to hong kong s capital markets was launched in november 1999 as the first step in the government s disposal programme . state street global advisors asia ltd was appointed as the fund manager and state street bank and trust company was appointed as the trustee of trahk . these appointments provided the tracker fund with a comprehensive solution to its needs including portfolio management custody fund administration and compliance monitoring functions . with an issue size of hk 33.3 billion approximately us 4.3 billion trahk s initial public offering ipo was the largest ipo ever in asia except japan at the time of launch . since the ipo approximately hk 140.4 billion by 15 october 2002 in hang seng index constituent stocks has been returned to the market through trahk s unique tap mechanism . references edit tracker fund of hong kong the history of tracker fund retrieved from https en.wikipedia.org w index.php title tracker fund of hong kong & oldid 647240405 categories companies listed on the hong kong stock exchangeexchange traded fundshang seng indexwarrants issued in hong kong stock exchangecompanies established in 1999hidden categories articles containing chinese language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 15 february 2015 at 12 55 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view