Despite this year’s volatility, private fund demand for ETFs remains strong.
Data from private fund tracker Simuwang show that as of Oct 25, 2026, 151
private fund managers and products appear among the top-10 holders of 207 newly
ETFs launched this year, holding a combined 2.325 billion units. By theme, Hong
Kong stocks and sci‑tech innovation ETFs have drawn the most private capital.
Forty-two private managers and products hold stakes in 30 newly issued ETFs with
Hong Kong or Hang Seng in the name, totaling 336 million units, or 14.45% of
private holdings in new ETFs. Thirteen Hong Kong-themed ETFs — including ICBC
Hong Kong Stock Connect Medical ETF, Bosera Hang Seng Hong Kong Stock Connect
ETF and Guolian Hang Seng Hong Kong Stock Connect Technology ETF — each have
private holdings above 10 million units.
