Hong Kong-Listed ETFs

ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF (3157 HK)

Management fee

Management fee : 0.50%(p.a.)

4551

Listing Date

26-Oct-2015

Morningstar

/5

Fund Performance

-13.11%

YTD

-26.44%

1 Year

+4.13%

3 Year

-10.56%

5 Year

-11.84%

Since Inception

As of 06-07-2022

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index 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 result that, before fees and expenses, closely corresponds to the performance of the Hang Seng Stock Connect Hong Kong SmallCap Index (the “Index”).
• The underlying index of the Fund was changed to the present Index effective from 3 March 2017. During the rebalancing period from the previous index to the index, there is a risk that the tracking error and tracking difference of the Fund may increase.
• The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region or country (the PRC including Hong Kong). The Fund may likely be more volatile than a broad-based fund.
• The Fund invests in small cap securities. The stocks of small capitalisation companies may have lower liquidity and are typically more volatile and more vulnerable to adverse business or economic developments than those of larger capitalisation companies. Lower liquidity increases the risk that securities may be sold at a loss, and may impair the ability of the Fund to accurately track the Index.
• Small capitalisation companies generally have less diverse product lines than large capitalisation companies and thus are more susceptible to adverse developments concerning their products, as well as the markets and sectors in which they operate. Small capitalisation companies may be less financially secure than larger and more established companies, and they are more vulnerable to loss of key personnel.
• The Fund is not “actively managed” and therefore, when there is a decline in the Index, the Fund will also decrease in value. The Manager will not take defensive position in declining markets. Investors may lose a significant part or all of their respective investments if the Index falls.
• Due to fees and expenses of the Fund, liquidity of the market and different investment strategies adopted by the Manager, the Fund’s return may deviate from that of the Index.
• Generally, retail investors can only buy or sell units of the Fund on the SEHK. 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 Fund’s NAV.

The Units of ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF (the “Sub-Fund”) will cease trading on The Stock Exchange of Hong Kong Limited from 5 July 2022. Please refer to the “Announcement and Notice of The Proposed Cessation of Trading, Termination, Voluntary Deauthorisation and Delisting and Non-Applicability of Certain Provisions of The Code on Unit Trusts and Mutual Funds and Other Matters” dated 31 May 2022, the subsequent reminder announcements and all other relevant announcements relating to the Product for further details.

Product Details

Investment Objective

To provide investment results that, before fees and expenses, closely correspond to the performance of the Hang Seng Stock Connect Hong Kong SmallCap Index.

Product Overview

Asset Class Equity
Listing Date 26-Oct-2015
Base Currency HKD
Net Asset Value (mil) 44.26
Domicile Hong Kong
Management Fee 0.50%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy Annually (usually in October), subject to Manager’s discretion

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

Latest Market Information ( 4,5 )

Date Last Change Change(%)
Official NAV per Unit in HKD06-07-202222.130.000.00
Closing Price for HKD Traded Unit30-08-202221.940.000.00

Trading Information

HKD Traded Units
Exchange ListingSEHK – Main Board
Commencement of Dealing26-Oct-2015
Stock Code3157
Trading Board Lot Size200 Units
Trading CurrencyHKD
SEDOL CodeBYSJKP1
Reuters Code3157.HK
ISIN CodeHK0000267028
Bloomberg Ticker3157 HK
Bloomberg NAV3157NAV
Bloomberg iNAV3157IV
Bloomberg Shares Outstanding3157SHO

Index Information ( 6 )

IndexHang Seng Stock Connect Hong Kong SmallCap Index
Index ProviderHang Seng Indexes Company Limited
CurrencyHKD
Closing Level1893.26
Change-25.93
Change (%)-1.35%
Type of IndexPrice Return

As of 06-07-2022

Participating Dealers

  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Limited
  • CITIC Securities Brokerage (HK) Limited
  • Goldman Sachs (Asia) Securities Limited
  • Guotai Junan Securities (Hong Kong) Limited
  • Merrill Lynch Far East Limited
  • UBS Securities Hong Kong Limited

Market Makers

  • HKD Counter:
  • AP Capital Management (Hong Kong) Limited

Please refer to the Hong Kong Exchanges and Clearing Limited’s website at www.hkex.com.hk for the latest lists of Market Makers.

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 Hang Seng Stock Connect Hong Kong SmallCap Index ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong Limited (the“SEHK”).

4    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 the determination of NAV.

5    Changes of the closing price for HKD traded Units indicate the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.

6    Benchmark Index returns are for illustrative purposes only and are not indicative of future results. Benchmark Index returns do not reflect any management fees, transaction costs or expenses. Change indicates the change since the last closing index level. Source: HSI, Bloomberg (see Terms and Conditions)

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

Performance Chart

Class Currency Dealing Date NAV per unit
HKD HKD 06-07-2022 22.1298

Since launch Performance

Returns
Historical NAVs
HKD
HKD

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).

Holdings

Top 10 Holdings

There is currently no information available.

Holdings are subject to change. Total allocation percentages shown in the Holdings table may not equal 100% due to rounding,  The historical data provided herein is for reference only and does not represent any future performance.

Holding Details

Click below button to show the details of the holdings

Sector Breakdown

There is currently no information available.

Country Breakdown

There is currently no information available.

Yield Information

There is currently no information available.

Asset Allocation

There is currently no information available.

Tracking Difference & Error

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

^Annualized based on the number of dealing days in the last year when daily TD is calculated

Graph for Tracking Difference

Calendar Year Performance

Past performance Vs Benchmark performance

With effect from 3 March 2017, the Index of the Fund was changed to the Hang Seng Stock Connect Hong Kong SmallCap Index. The performance of the Fund prior to 3 March 2017 was achieved under circumstances that no longer apply.

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

Prospectus & Documents

Announcements & Notices

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.

FAQs

ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF seeks to provide investment results that before fees and expenses, closely correspond to the price return of Hang Seng Stock Connect Hong Kong SmallCap Index. ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF is listed on The Stock Exchange of Hong Kong Limited (“SEHK”).

The Manager of ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF is CAMHK, a wholly-owned subsidiary of China Asset Management Co., Ltd. (“ChinaAMC”).

Hang Seng Stock Connect Hong Kong SmallCap aims to reflect the overall performance of the stocks of the smallcap sector listed in Hong Kong that are eligible for trading via the southbound trading link of the Stock Connect. It covers securities listed on HKEx with market capitalisation ranked below the top 95th percentile of the total market capitalisation of the HSCI. The index is calculated and disseminated in HKD on a real-time basis and is maintained by Hang Seng Indexes Company Limited and quoted in HKD. More details for Hang Seng Indexes Company Limited can be found at www.hsi.com.hk/hsi

Hang Seng Indexes Company Limited is a company which specializes in the creation and management of indexes and index-related services.

Hang Seng Stock Connect Hong Kong SmallCap Index is one of the most well-known market indexes. It is an effective proxy for the share market due to its sector diversification and broad coverage. Moreover, Hang Seng Stock Connect Hong Kong SmallCap Index is widely used in the domestic market.

Hang Seng Stock Connect Hong Kong SmallCap Index is reviewed half-yearly with the data cut-off dates at the end of June and the end of December each year. The index constituents are adjusted according to regular reviews and any changes to the composition of Hang Seng Stock Connect Hong Kong SmallCap Index are usually implemented after market close of the first Friday of March and September each year.

ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF is denominated in HKD. It is available for trading on the secondary market on the SEHK in HKD .

Investors can buy ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF in the secondary market on SEHK during the exchange’s trading hours through their brokers. Participating dealers will create/redeem fund units in the primary market. Investors should check with brokers first on the availability of HKD credit or margin facility and the detailed arrangements.

The Manager intends to distribute income to unitholders at least annually having regard to the Fund’s net income after fees and costs.

The minimum size for ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF trading in the secondary market is 200 shares per board lot.

The fees and expenses include, but are not limited to, manager’s fee, trustee’s fee, registrar’s fee and service agent’s fee. The Fund’s total expense ratio (“TER”), including the management fee, is estimated to be 3.46% of the net asset value per annum. Please refer to the Fund’s prospectus for additional information.

The Fund involves the risks, including but are not limited to, market trading, the index, regulation and those associated with the investment in the Fund. Please refer to the Fund’s prospectus, key fact statement and important information and risk disclosure stated above for more information.

Performance Simulator

Performance Simulator

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Performance Chart

Remarks
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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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