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 launched ETFs 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

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 launched ETFs 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.