Futu to be Added to the MSCI Hong Kong Index
Futu Holdings Limited (NASDAQ: FUTU) announced its addition to the MSCI Hong Kong Index, effective May 27, 2021. This recognition positions Futu among leading companies in the Hong Kong market, enhancing its visibility to global institutional investors. The MSCI Index serves as a key benchmark for optimizing investment portfolios.
Futu is a tech-focused online brokerage catering to the affluent Chinese demographic, offering a comprehensive digital platform for trading a variety of securities, including stocks and ETFs. Its services include trade execution and margin financing.
- Inclusion in the MSCI Hong Kong Index enhances visibility to global institutional investors.
- Futu's focus on a growing affluent Chinese population presents a significant market opportunity.
- None.
HONG KONG, May 12, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that the Company's stock will be added to the MSCI Hong Kong Index, effective as of market close on May 27, 2021.
The MSCI Hong Kong Index is compiled by MSCI, a leading provider of research-based indexes and analytics. It is designed to measure the performance of the Hong Kong market. The index has been widely recognized as a benchmark for global institutional investors to optimize their investment portfolios.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.
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