Futu to be Added to the MSCI Hong Kong Small Cap Index

Rhea-AI Summary

Futu Holdings Limited (NASDAQ: FUTU) announced its stock's inclusion in the MSCI Hong Kong Small Cap Index, effective November 30, 2020. This index is known for measuring the performance of small cap stocks in Hong Kong and serves as a benchmark for global institutional investors. Futu Holdings specializes in providing a digitized brokerage platform targeting China's emerging affluent, offering services including trade execution and margin financing through its app, Futu NiuNiu, which integrates analytical tools and social media features.

Positive

• Inclusion in the MSCI Hong Kong Small Cap Index enhances visibility and credibility with institutional investors.
• Futu's digital brokerage platform addresses a growing market of affluent Chinese investors seeking modern wealth management solutions.

Negative

• None.

HONG KONG, Nov. 11, 2020 (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 Small Cap Index, effective as of market close on November 30, 2020.

The MSCI Hong Kong Small Cap Index is compiled by MSCI, a leading provider of research-based indexes and analytics. It is designed to measure the performance of the small cap segment 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, Futu NiuNiu, 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 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.

Investor Contact

Investor Relations
Futu Holdings Limited
ir@futuholdings.com

FAQ

What is the MSCI Hong Kong Small Cap Index?

The MSCI Hong Kong Small Cap Index measures the performance of small cap stocks in Hong Kong and serves as a benchmark for investors.

When will Futu Holdings be added to the MSCI Hong Kong Small Cap Index?

Futu Holdings will be added to the MSCI Hong Kong Small Cap Index effective as of market close on November 30, 2020.

What services does Futu Holdings provide?

Futu Holdings offers a fully digitized brokerage and wealth management platform, focusing on trade execution and margin financing for various securities.

What is the significance of being included in the MSCI Index for FUTU?

Being included in the MSCI Index improves Futu's market visibility and attracts institutional investment, potentially boosting its stock performance.