Hong Kong-Listed ETFs

ChinaAMC Ether ETF (3046 HK / 83046 HK / 9046 HK)

Management fee

0.99%(p.a.)

22895

Listing Date

30-Apr-2024

Morningstar

/5

-

YTD

-

1 Year

-

3 Year

-

5 Year

-0.75%

Since Inception

As of 30-04-2024

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC Ether ETF (the “Fund”), investor should refer to the Fund’s prospectus for details, including the risk factors. You should not make investment decision based on the information on this material alone. Please note:

 

• The Fund aims to provide investment results that, before fees and expenses, closely correspond to the performance of ether, as measured by the performance of the CME CF Ether-Dollar Reference Rate (APAC Variant) (the “Index”).

• The Fund is passively managed and falls in the Index may cause falls in the value of the Fund. The Fund is subject to new product risk, new index risk, tracking error risk and trading risk with discount or premium.

• Due to the Fund’s direct exposure in ether only, it is subject to concentration risk and risks related to ether, such as ether and ether industry risk, speculative nature risk, unforeseeable risks, extreme price volatility risk, concentration of ownership risk, regulatory risk, fraud, market manipulation and security failure risk, cybersecurity risks, forks risk, risk of illicit use, trading hour difference risk.

• The Fund is subject to risks related to virtual asset trading platform (“VATP”), custody risks and risk relating to the difference between executable price of ether on SFC-licensed VATPs and Index price for cash subscription and redemption.

• Listed and Unlisted Classes are subject to different pricing and dealing arrangements. NAV per Unit of each class may be different due to different fees and cost. Dealing deadlines of each class are different.

• Units of Listed Class are traded in the secondary market on an intraday basis at the prevailing market price, while Units of Unlisted Class are sold through intermediaries based on the dealing day-end NAV. Investors of Unlisted Class could redeem at NAV while investors of Listed Class in the secondary market could only sell at the prevailing market price and may have to exit the Fund at a significant discount. Investors of Unlisted Class may be at an advantage or disadvantage compared to investors of Listed Class.

• The Fund is subject to multi-counter risks.

 

Please note the above list of risks is not exhaustive, please refer to the Fund’s prospectus for details.

Product Details

Investment Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of ether, as measured by the performance of the CME CF Ether-Dollar Reference Rate (APAC Variant).

Product Overview

Asset Class Virtual asset
Listing Date 30-Apr-2024
Base Currency USD
Net Asset Value (mil) 19.97
Domicile Hong Kong
Management Fee 0.99%(p.a.)
Custodian BOCI-Prudential Trustee Limited
Sub-Custodian OSL Digital Securities Limited, acting via its associated entity BC Business Management Services (HK) Limited
Distribution Policy No distribution will be made to Shareholders
Virtual Asset Trading Platform OSL Exchange (operated by OSL Digital Securities Limited)

As of 29-05-2024

Intra-day Estimated NAV and Market Price ( 1,2,3,4 )

Latest Market Information ( 5,6 )

Date Last Change Change(%)
Official NAV per Unit in USD29-05-20241.2015-0.0032-0.27%
NAV per Unit in RMB (for reference only)29-05-20248.7332-0.0159-0.18%
NAV per Unit in HKD (for reference only)29-05-20249.3871-0.0202-0.21%
Closing Price for USD Traded Unit29-05-20241.2000-0.0080-0.66%
Closing Price for RMB Traded Unit29-05-20248.7250-0.0400-0.46%
Closing Price for HKD Traded Unit29-05-20249.3600-0.0600-0.64%

Trading Information

HKD Traded UnitsRMB Traded UnitsUSD Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main BoardSEHK – Main Board
Listing Date30-Apr-202430-Apr-202430-Apr-2024
Stock Code3046830469046
Trading Board Lot Size100 Shares100 Shares100 Shares
Trading CurrencyHKDRMBUSD
SEDOL CodeBP6RBB7BP6RBC8BP6RBD9
Reuters Code3046.HK83046.HK9046.HK
ISIN CodeHK0001009734HK0001009742HK0001009759
Bloomberg Ticker3046 HK83046 HK9046 HK
Bloomberg NAV3046NAV83046NAV9046NAV
Bloomberg iNAV3046IV83046IV9046IV
Bloomberg Shares Outstanding3046SHO83046SHO9046SHO

Index Information ( 7 )

IndexCME CF Ether-Dollar Reference Rate (APAC Variant)
Index ProviderCF Benchmarks Ltd.
CurrencyUSD
Closing Level3838.03
Change-10.04
Change (%)-0.26%
Type of IndexPrice Return

As of 29-05-2024

Participating Dealers

  • Arta Global Markets Limited
  • Eddid Securities and Futures Limited
  • Haitong International Securities Company Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • Mirae Asset Securities (HK) Limited
  • Solomon JFZ (Asia) Holdings Limited
  • Valuable Capital Limited
  • Victory Securities Company Limited

Market Makers

HKD CounterRMB CounterUSD Counter
Jane Street Asia Trading LimitedJane Street Asia Trading LimitedJane Street Asia Trading Limited
Optiver Trading Hong Kong LimitedOptiver Trading Hong Kong LimitedOptiver Trading Hong Kong Limited
Virtu Financial Singapore PTE. Ltd.Virtu Financial Singapore PTE. Ltd.Virtu Financial Singapore PTE. Ltd.
Vivienne Court Trading Pty. Ltd.Vivienne Court Trading Pty. Ltd.Vivienne Court Trading Pty. Ltd.
Eclipse Options (HK) Ltd

1     Data are provided by ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE DATA, its Affiliates and their respective third-party suppliers (including but not limited to Factset Research System, Inc.) disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the index data and any data included in, related to, or derived therefrom. Neither ICE DATA, its Affiliates nor their respective third-party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the Index data or any component thereof, and the index data and all components therefore are provided on an “as is” basis and your use is at your own risk. ICE DATA, its Affiliates and their respective third-party suppliers do not sponsor, endorse, or recommend China Asset Management (Hong Kong) Limited, or any of its products or services.

2     IOPV calculations are performed by ICE DATA.

3     Intra-day Market Price refers to the market price of ChinaAMC Ether ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong Limited (the “SEHK”).

4   The Intra-day Estimated NAV per Unit is updated during SEHK trading hours and is for reference only. The Intra-day Estimated NAV per Unit in RMD and HKD is calculated using the Intra-day Estimated NAV per Unit in USD multiplied by the real time exchange rate provided by ICE DATA. Since the Intra-day Estimated NAV per Unit in USD will not be updated when the underlying share market is closed, the change in the Intra-day Estimated NAV per unit in RMB or HKD (if any) during such period is solely due to the change in the foreign exchange rate.

5  The last NAV per Share in RMB and HKD is calculated using the official last NAV per Share in USD multiplied by an assumed foreign exchange rate using the USD exchange rate quoted by Bloomberg at 4:00 p.m. (Hong Kong time) as of the same Dealing Day. The last NAV per Unit will be updated on days when the SEHK is open for trading. Changes of the official last NAV per Unit in USD and last change of the NAV per Unit in RMB and HKD indicate the change of the NAV per Unit since previous Dealing Day^. Please refer to the Prospectus for more information on the determination of NAV.

6     Changes of the closing price for HKD, RMB and USD Traded Units indicate the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.

7     Index returns are for illustrative purposes only and are not indicative of future results. Index returns do not reflect any management fees, transaction costs or expenses. Change indicates the change since the last closing index level. Source: CF Benchmarks, Bloomberg.

^ “Dealing Day” generally means a day on which (a) the SEHK and the underlying A shares market are open; and (b) the Index is compiled and published. Please refer to the Prospectus for further details in this regard.

Performance Chart

Fund Price

Class Currency Dealing Date NAV per unit
USD USD 29-05-2024 1.2015
RMB RMB 29-05-2024 8.7332
HKD HKD 29-05-2024 9.3871

Since launch Performance

Historical NAVs
USD

Investment involves risks. Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

7 Day Annualized

Holdings

Holdings. Weighting (%)
VA ETHEREUM CURRENCY 99.97
Total 99.97

As of 29-05-2024

Holding Details

Click below button to show the details of the holdings

As of 29-05-2024

As of 29-05-2024

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)

As of 29-05-2024

Tracking Difference & Error

Overview

Tracking Difference (TD):

Tracking difference is the return difference between the ETF and its underlying benchmark/ index over a certain period of time.

 

Tracking Error (TE):

Tracking error measures how consistently the ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference / Tracking Error

Graph for Tracking Difference

Calendar Year Performance (#)​

Past performance Vs Benchmark performance

Investment involves risks. Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

Distribution History

There is currently no information available.

*“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 includes net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The distribution paid will be at the discretion of the Manager. Distribution figures shown are past distributions declared and paid for by the Fund.

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. Distributions will be paid in Base Currency only. Unitholders may have to bear the fees and charges associated with the conversion of such distributions from HKD to USD or any other currency.

Prospectus & Documents

Offering Documents
File name Date File Format
Prospectus 24-04-2024 PDF >
Product Key Facts 24-04-2024 PDF >

Announcements & Notices

FAQs

A cryptocurrency is a digital or virtual currency based on cryptographic principles. It uses encryption technology to secure transactions, generate new coins, and verify fund transfers. A key characteristic of cryptocurrencies is their decentralization, meaning they are not controlled by any central agency or government.

 

Cryptocurrencies operate on a blockchain, a distributed public ledger which serves as a record of all transactions updated and maintained by currency holders. Units of cryptocurrency are created through a process known as mining, which involves using computer power to solve complex mathematical problems that result in the production of coins.

 

(1) Blockchain technology

It is a decentralized public ledger or a list of cryptocurrency transactions. Completed blocks, consisting of the most recent transactions, are recorded, and added to the blockchain in a chronological and verifiable manner. All records are permanent and open to the public. The blockchain is managed by market participants through a peer-to-peer network, following a set protocol for validating new blocks. Every connected node or computer automatically downloads a copy of the blockchain, allowing transparent transaction tracking without the need for central record-keeping.

 

(2) Block mining

It refers to the process of adding a new transaction record to the blockchain as a block. For certain cryptocurrencies like Bitcoin, the mining process would generate new coins, increasing the total number in circulation. Mining requires specific software to solve mathematical puzzles and verify legitimate transactions within a block. These blocks are added to the public ledger (blockchain) approximately every 10 minutes.

 

(1) Decentralization: Cryptocurrencies operate without a central authority, relying on a group of users for maintenance and governance.

 

(2) Security: Cryptocurrencies employ advanced cryptographic algorithms to protect transactions and control coin generation, making them more resistant to counterfeiting or tampering compared to traditional currencies.

 

(3) Anonymity: While all transactions are recorded on a public ledger, a user can maintain anonymity by using one or a set of encrypted addresses.

 

(4) Global Reach: Cryptocurrencies can be used for cross-border transactions, enabling users to send and receive funds anywhere in the world without relying on traditional banking systems.

 

A cryptocurrency exchange serves as a platform for buying, selling, and exchanging various cryptocurrencies. These platforms typically facilitate the trading of different digital currencies, determine prices based on market demand and popularity, and charge transaction fees as a percentage of the trade value.

 

Launched in 2015, Ethereum is a trading token that facilitates the operation of the Ethereum network. The operation of all programs and services on the Ethereum network requires computing power, equipment, internet connection, and maintenance.

 

A smart contract is a collection of computer code that defines the rules and conditions for the exchange of content, money, property, or any other digital assets. It is the way the Ethereum blockchain organizes its computational tasks.

 

Staking is a process in which individuals earn rewards by holding a specific cryptocurrency and participating in the transaction verification process on a particular blockchain.  To ensure the security of proof-of-stake blockchains, network validators are required to stake native cryptocurrencies from their respective networks and reach a consensus on the correct order of transactions. This consensus mechanism is implemented through an algorithm written in the software code of the respective network.

 

Ether Bitcoin
Blockchain-based technology that allows for the execution of smart contracts in decentralized applications The first digital currency to use blockchain technology for enabling online payment transactions
Variable supply and likely to be net deflationary Limited supply, with a maximum quantity of 21 million Bitcoins

 

1The Future of the Internet

Ethereum’s investment value lies in its potential as a dominant layer-1 smart contract network and the related ecosystem. As the internet moves into its next phase, often referred to as Web3, blockchain technologies such as Ethereum are expected to play a crucial role.

 

2Staking yield

Staking allows Ethereum holders to earn returns by delegating (“staking”) an asset and receiving “staking rewards” through the transaction verification process on the blockchain.

 

3Diversification of cryptocurrency allocations

Institutional investors often allocate to cryptocurrencies with relatively good liquidity, such as Bitcoin and Ethereum. The use cases for these blockchains are very different, therefore, it is logical to diversify their allocations.

 

Spot Ethereum ETFs are fund products listed on traditional stock exchanges that track the value of Ethereum. Like spot Bitcoin ETFs, spot Ethereum ETFs are managed by fund companies and invested in Ethereum according to the investment objective and strategy. These funds aim to provide investors with investment returns that closely track the performance of an Ethereum Index (gross of fees and expenses).

 

(1) Secure transactions

Regulated spot Ethereum ETFs listed on the Hong Kong Stock Exchange offer reduced risks of hacking and fraud due to the involvement of professional fund managers and reputable custodians. This eliminates the need for investors to protect private keys and manage wallets.

 

(2) Simple and convenient transactions

Spot ETFs can be bought and held through traditional stock accounts, similar to stocks, without requiring a dedicated cryptocurrency trading account.

 

(3) Low investment threshold

ETFs generally have a lower investment threshold, often starting at $100.

 

(4) Dual liquidity

Ethereum, being the second largest cryptocurrency in the world, serves as highly liquid underlying assets. The listing of spot ETFs on traditional exchanges further enhances liquidity.

 

(5) Regulated and legal assets

Ethereum ETFs are legal investment products approved by Hong Kong regulators, with a reduced level of trading associated regulatory risks[1] .

 

[1] Authorization of a fund product by the SFC does not imply a recommendation or endorsement by the SFC of Hong Kong, nor does it guarantee the commercial merits or performance of the fund product.

 

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the spot Ether ETF, investor should refer to the Fund’s prospectus for details, including the risk factors. You should not make investment decision based on the information on this material alone. Please note:

• Spot Ether ETF is passively managed and falls in the Index may cause falls in the value of the Fund. Spot Ether ETF is subject to new product risk, new index risk, tracking error risk and trading risk with discount or premium.

• Due to Spot Ether ETF’s direct exposure in ether only, it is subject to concentration risk and risks related to ether, such as ether and ether industry risk, speculative nature risk, unforeseeable risks, extreme price volatility risk, concentration of ownership risk, regulatory risk, fraud, market manipulation and security failure risk, cybersecurity risks, forks risk, risk of illicit use, trading hour difference risk.

• Spot Ether ETF is subject to risks related to virtual asset trading platform (“VATP”), custody risks and risk relating to the difference between executable price of ether on SFC-licensed VATPs and Index price for cash subscription and redemption.

 

Investing involves risk, including possible loss of principal. Investment in emerging market countries may involve heightened risks such as increased volatility and lower trading volume, and may be subject to a greater risk of loss than investment in a developed country. Please carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the relevant Fund’s prospectus. Please read the prospectus carefully before investing. ChinaAMC Funds are not sponsored, endorsed, issued, sold or promoted by their index providers (only applicable to ETFs and index funds). For details of an index provider including any disclaimer, please refer to the relevant ChinaAMC Fund offering documents.

Source: Fund performance and index data are provided by ChinaAMC and the relevant index providers (if applicable) respectively.

This website is prepared by China Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

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Important Notes:

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Important Notes:

Private Funds

ChinaAMC(HK) is uniquely positioned in the market which enables it to leverage its extensive knowledge, research capabilities and investment experience in China to deliver a range of high-value asset management or investment advisory services to institutional clients worldwide. To bridge overseas investors with China opportunities, ChinaAMC (HK) is committed to utilize its local expertise to capture enormous investment potentials in China.

The private fund products issued and managed by ChinaAMC (HK) include Cayman Islands registered funds and Luxembourg domiciled SICAV funds*.

Browse through our website and discover our investment strategies. For private fund products information, please visit the product page by logging into your account.

* SICAV fund is an open-ended collective investment scheme common in Western Europe and may be open to public investors in certain European countries depending on its registration status.

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