State Street managed Hong Kong fund to resume investment in shares banned to Americans


Source: cruisin929.com

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State Street managed Hong Kong fund to resume investment in shares banned to Americans 33 AM HONG KONG (Reuters) - Hong Kong's largest tracker fund, managed by a State Street unit, will resume investing in stocks from which Americans are banned, it said in a statement on Wednesday, the latest global U-turn linked to a November executive order from Donald Trump. The Tracker Fund of Hong Kong (TraHK), which follows the benchmark Hang Seng Index, was able to invest in the securities because neither it nor State Street Global Advisors Asia Ltd., the local unit which manages the fund, were...