IMPORTANT INFORMATION about the CSOP S&P New China Sectors ETF
IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions.
|CSOP S&P New China Sectors ETF (the “Sub-fund”) is a physical index tracking exchange traded fund and it aims to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the underlying index, namely, S&P New China Sectors Index (the “Index”).|
|The Sub-Fund’s investments are concentrated in mainland China- and Hong Kong-domiciled companies in selected consumption and service-oriented industries. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.|
|China is considered as an emerging market and investing in China market may involve increased risks such as liquidity risks, currency risks/control, political and economic uncertainties, legal/regulatory and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.|
|The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Sub-Fund’s NAV.|
|The Manager may, at its discretion, pay dividends out of capital. Payment of dividends out of capital or effectively out of the capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per Unit of the Sub-fund.|
The material has not been reviewed by the SFC.
Fund Objective and Investment Strategy
The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the S&P New China Sectors Index (the “Underlying Index”).
In seeking to achieve the investment objective, the Manager will primarily use a full replication strategy by investing all or substantially all of the Sub-Fund’s assets in the constituents of the Underlying Index (the “Index Securities”) in substantially the same weightings as the Index Securities have in the Underlying Index.
Intra-day Estimated NAV 1 & Market Price 2
Market Information 3, 4
|Official NAV per Unit in HKD||27 Apr, 2017||56.6501||0.3901||0.6934|
|Closing Price for Trading unit in HKD||27 Apr, 2017||56.5000||0.1500||0.2662|
|SEHK Listing Date||8 December 2016|
|Financial Year||31 December|
|Management fee||0.99% per annum|
|Number of Holdings||109|
As of 27 Apr, 2017
Underlying Index Information
|Underlying Index||S&P New China Sectors Index|
|Index Provider||S&P Dow Jones Indices LLC|
|Benchmark Level Type||Net Total Return Index|
|Bloomberg Total Return Index||SPNCSHN|
|Exchange||Hong Kong Stock Exchange – Main Board|
|Date of Listing / Dealing||8 December 2016|
|Primary Exchange Time Zone||GMT+8|
|Trading Board Lot||50 Units|
|BNP Paribas Securities Services|
|ABN AMRO Clearing Hong Kong Limited|
|BNP Paribas Securities Services|
|Commerz Securities Hong Kong Limited|
- Intra-day Estimated NAV per unit Calculations are performed by Sumscope. The near real time estimated NAV per unit in HKD is updated during Hong Kong Stock Exchange trading hours. It is indicative and for reference purpose only. The near real time estimated NAV per unit in HKD uses a real time HKD:CNH and HKD:USD foreign exchange rate - it is calculated using the real time stock price in RMB or USD multiplied by a real time HKD:CNH or HKD:USD foreign exchange rate provided by Sumscope when the SEHK is opened for trading. The near real time estimated NAV per unit in HKD is updated every 15 seconds throughout the SEHK trading hours.
- Market prices are provided on a 20-minute delayed basis by Sumscope.
- Performance is calculated on NAV to NAV basis in HKD and assumes dividend will be reinvested. Change of the official NAV per Unit in HKD indicates the change of the NAV per Unit since previous Dealing Day where the SEHK is open for normal trading. Refer to the Prospectus for more information on determination of Net Asset Value. Source of NAV per Unit in HKD: HSBC Institutional Trust Services (Asia) Limited.
- Change of the closing price indicates change of closing price since previous SEHK trading day. (Source: Bloomberg)
Tracking Difference/ Error
Tracking Difference (TD)
|Tracking difference is the return difference between an ETF and its underlying benchmark/ index over a certain period of time.|
Tracking Error (TE)
|Tracking error measures how consistently an ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.|
|Tracking Difference||Tracking Error|
|Fund listing Date: 8 December 2016
Estimated to be -2% annually
|No data to display within the first year of listing|
Graph for Tracking Difference
ETF's performance is calculated on an NAV to NAV basis and assumes reinvestment of distributions.
|Total Net Asset Value (HKD)||Number of Securities 1||Securities (%) 2|
As of 27 Apr, 2017
All dollar amounts are in HKD. All dates are in GMT+8 Time. Any exceptions are noted.
|1.||The "Number of Holdings" represents the number of underlying securities held by the Fund.|
|2.||May include dividends booked but not yet received.|
|3.||The Average Cost is the average purchasing price of each fund’s constituent stock. This is indicative and for reference purposes only.|
The "S&P New China Sectors Index" is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by CSOP Asset Management Limited. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); These trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by CSOP Asset Management Limited. The CSOP S&P New China Sectors ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P New China Sectors Index.
This website is owned and managed by CSOP Asset Management Limited (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
The performance figures contained on this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and the ETF's NAV per unit may rise as well as fall. Persons interested in investing in the ETF should read the relevant fund offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.
This website has been prepared by CSOP and has not been reviewed by the Securities and Futures Commission.