Online trading giant Interactive Brokers (IBKR) has announced the addition of Hong Kong-focused dividend ETF to its no-transaction-free lineup. The firm stated that the addition expands the company’s global reach, and will also provide cost-conscious access to several high-dividend stocks in one of Asia’s financial centers.

The Newly Listed ETF Gives Offers Stocks From Critical Sectors

Executive Vice President of Marketing and Development at Interactive Brokers, Steve Sanders, commented on the development.

“Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,” he said. Stevens added that the addition of the HK Dividend ETF offers investors a more flexible tool to deepen their global exposure to assets.

The new ETF will offer exposure to 30 of the most popular and liquid dividend-paying stocks in the Hong Kong Stock Exchange. The stocks are from companies spanning critical sectors such as communication, energy, and finance.

The new listing also gives US clients the opportunity to trade the fund without paying commissions upfront. Also, investors who are IBKR Light clients will benefit from zero fees when they invest in the listed stocks. Additionally, IBKR Pro clients who can keep their shares for up to 30 days can receive commission reimbursement.

Dividend-focused international ETFs are receiving serious attention from international investors as the U.S. equity markets face interest rate uncertainty and valuation concerns. The clients are looking to invest in these stocks because of their sector variety and yield stability.

IBKR has seen steady growth in its revenue in recent months. Earlier this month, the broker posted its revenue figures for the previous month, showing Daily Average Revenue Trades (DARTs) of 3.818 million. This represents a 63% surge from the figures it posted in the same month last year.

Interactive Brokers Adds More Investment Products

The firm noted that the increased numbers showed higher client engagement across its trading platform. Additionally, it recorded a total of $588.1 billion in client equity. This represents a 32% increase from the previous month and a 28% increase year-over-year

IBRK also recorded a 32% surge year-over-year in the total number of client accounts, reaching up to 3.71 million in the month. However, it represents only a 3% increase from the previous month, indicating a consistent increase in new users.

Interactive Brokers has also added new products to give its customers more trading and investment options. The broker recently introduced the First Home Savings Accounts. It offers a tax-free savings and investment tool available via its Canadian arm. IBRK says the account offers a wide range of investment options along with its tax benefits.