ICBC CSOP S&P NEW CHINA SECTORS ETF
(HKD Counter Stock Code: 3167, RMB Counter Stock Code: 83167, USD Counter Stock Code: 9167)
IMPORTANT INFORMATION about the ICBC 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.
| ICBC 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
Objective
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”).
Strategy
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
| Date | Last | Change | Change (%) | |
|---|---|---|---|---|
| Official NAV per Unit in HKD | 14 Jan, 2019 | 58.9612 | 2.5867 | 4.5884 |
| NAV per Unit in RMB (for reference only) | 14 Jan, 2019 | 50.8930 | 1.2266 | 2.4697 |
| NAV per Unit in USD (for reference only) | 14 Jan, 2019 | 7.5179 | 0.3203 | 4.4501 |
| Closing Price for Trading unit in HKD | 14 Jan, 2019 | 58.9000 | 2.4000 | 4.2478 |
| Closing Price for Trading unit in RMB | 14 Jan, 2019 | 50.9000 | 1.0000 | 2.0040 |
| Closing Price for Trading unit in USD | 14 Jan, 2019 | 7.5300 | 0.2900 | 4.0055 |
Fund information
| SEHK Listing Date | 8 December 2016 |
| Financial Year | 31 December |
| Asset Class | Equity |
| Domicile | Hong Kong |
| Total NAV | 801,872,359 |
| Outstanding Units | 13,600,000 |
| Management fee | 0.99% per annum |
| Base Currency | HKD |
| Number of Holdings | 117 |
As of 14 Jan, 2019
Underlying Index Information
| Underlying Index | S&P New China Sectors Index |
| Index Provider | S&P Dow Jones Indices LLC |
| Currency | HKD |
| Benchmark Level Type | Net Total Return Index |
| Bloomberg Total Return Index | SPNCSHN |
Trading Information
| Exchange | Hong Kong Stock Exchange – Main Board |
| Date of Listing / Dealing | HKD: 8 December 2016 RMB & USD: 3 April 2018 |
| Primary Exchange Time Zone | GMT+8 |
| Exchange Ticker | HKD: 3167 RMB: 83167 USD: 9167 |
| ISIN | HKD: HK0000316767 RMB: HK0000406931 USD: HK0000406949 |
| Trading Board Lot | 50 Units |
| Trading Currency | HKD / RMB / USD |
Participating Dealers
| Merrill Lynch Far East Limited |
| Goldman Sachs (Asia) Securities Limited |
| BNP Paribas Securities Services |
| ABN AMRO Clearing Hong Kong Limited |
| Haitong International Securities Company Limited |
| CLSA Limited |
| Guotai Junan Securities (Hong Kong) Limited |
| China Merchants Securities (HK) Co., Limited |
Market Makers
| HKD |
|---|
| Flow Traders Hong Kong Limited |
| BNP Paribas Securities (Asia) Limited |
| Commerz Securities Hong Kong Limited |
| Haitong International Securities Company Limited |
| China Merchants Securities (HK) Co., Limited |
| RMB & USD |
| BNP Paribas Securities (Asia) Limited |
| Haitong International Securities Company Limited |
- Intra-day Estimated NAV per unit Calculations are performed by CSOP. The near real time estimated NAV per unit in HKD is updated during Hong Kong Stock Exchange trading hours. They are indicative and for reference purpose only. The near real time estimated NAV per unit in HKD and HKD is updated every 10 seconds throughout the SEHK trading hours.
- Market prices are provided on a 20-minute delayed basis by Thomson Reuters.
- Change of the official NAV per Unit in HKD and change of the NAV per Unit in HKD indicate the change of the NAV per Unit since previous Dealing Day. Please 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 in HKD indicates change of closing price since previous SEHK trading day. (Source: Bloomberg)
- The last closing NAV per Unit in HKD is indicative and for reference purpose only and is calculated using the last closing NAV per Unit in HKD multiplied by an assumed foreign exchange rate using the HKD exchange rate quoted by Thomson Reuters at 3:00 p.m. (Hong Kong time) as of the same Dealing Day.
- Additional Participating Dealer(s) will be appointed from time to time.
- Additional Market Maker(s) will be appointed from time to time.
Perfomance
| 1 Month | 6 Month | 1 Year | 3 Year | Since Inception# | |
|---|---|---|---|---|---|
| ICBC CSOP S&P New China Sectors ETF | 4.65 | 29.23 | - | - | 45.33 |
| S&P New China Sectors Index | 4.73 | 30.44 | - | - | 47.57 |
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 |
|---|---|
| As of 31 August 2018 Fund listing Date: 8 December 2016 Estimated annual TD: -1.04% Actual TD: -1.16% |
As of 31 August 2018 Fund listing Date: 8 December 2016 Rolling 1-year Daily TE^: 0.84% ^Annualized based on the number of dealing days in the past year when daily TD is calculated |
Graph for Tracking Difference
ETF's performance is calculated on an NAV to NAV basis and assumes reinvestment of distributions.
Holdings
| Total Net Asset Value (HKD) | Number of Securities 1 | Securities (%) 2 |
|---|---|---|
| 801,872,359 | 117 | 99.11 |
As of 14 Jan, 2019
All Holdings
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. |
Important information about Dividend out of capital / effectively out of capital
| The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the ETF are charged to/paid out of the capital of the ETF, resulting in an increase in distributable income for the payment of dividends by the ETF and therefore, the ETF may effectively pay dividend out of capital. | |
| Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from capital gains attributed to that original investment. Any distributions involving payment of dividends out of the ETF’s capital or effectively out of capital may result in an immediate reduction in the Net Asset Value (“NAV”) per Unit. |
Distribution History
| Ex-Date | Record Date | Payable Date | Dividend Per Share | Dividend Paid Out of Net Distributable Income* for the month | Dividend Paid Out of Capital |
|---|---|---|---|---|---|
| 2017-12-18 | 2017-12-19 | 2017-12-29 | HKD 0.98 per share | HKD 0.00 | HKD 0.98 |
*“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.
Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. There is no guarantee of distribution. Investors should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.
Documents
Announcement
| Changes to Trust Deed | Download |
| Change of Stock Short Name | Download |
| Audited Accounts | Download |
| Change to the Dealing Period | Download |
| Addition of RMB Counter and USD Counter | Download |
| Distribution Announcement | Download |
| Appointment of Investment Adviser | Download |
| Unaudited Semi-Annual Accounts | Download |
| Monthly Return | Download |
| Shenzhen Hong Kong Stock Connect | Download |
| Updated Disclosure on Liquidity Risk Management and Automatic Exchange of Financial Account Information | Download |
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 ICBC 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.
Disclaimer
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.