Hong Kong-Listed ETFs

ChinaAMC MSCI India ETF (3404.HK / 83404.HK / 9404.HK)

Management fee

0.60%(p.a.)

24351

Listing Date

30-Sep-2024

Morningstar

/5

Fund Performance

-

YTD

-

1 Year

-

3 Year

-

5 Year

-

Since Inception

As of 30-09-2024

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC MSCI India ETF (the “Fund”), investor should refer to the Fund’s prospectus and respective KFSs 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 MSCI India Net Total Return (USD) Index (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 tracking error risk, trading risk with discount or premium and multi-counter risk.

• The Fund majorly invests in equity securities in India and is subject to equity market risk, geographical concentration risk, emerging market risk, risks associated with India and the India equity market such as higher market volatility and potential settlement difficulties etc.

• The Fund is a FPI registered with the SEBI and is subject to risk related to FPI investment restrictions and registration. Taxation of income and capital gains in India is subject to fiscal law of India, and capital gains tax rate varies depending on various factors including holding period of securities. India Rupee is currently not a freely convertible currency and is subject to foreign exchange control policies by the Indian government. Such laws, rules and guidelines on FPI, Indian tax rates and foreign exchange control policies are subject to change.

• The Fund’s base currency is USD but its underlying investment may not be denominated in USD, and the Fund has listed units traded in RMB and HKD counters and unlisted classes designated in currencies other than USD, therefore subject to fluctuations in exchange rates.

• 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.

• 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.

• Distributions will be made in the USD only. Unitholders of distributing classes without USD account may have to bear the fees and charges associated with currency conversion.

• The Fund may at its discretion pay distribution out of capital or effectively out of capital. Payment 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 any capital gains attributable to that original investment. Any distributions may result in an immediate reduction in the NAV per Unit of the Fund.

Product Details

Investment Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI India Net Total Return (USD) Index.

Product Overview

Asset Class Equity
Listing Date 30 Sep 2024
Base Currency USD
Net Asset Value (mil) 49.68
Domicile Hong Kong
Management Fee 0.60%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy annually (usually in December), subject to the Manager’s discretion
Custodian The Hongkong and Shanghai Banking Corporation Limited
Sub-Custodian in India The Hongkong and Shanghai Banking Corporation Limited

As of 09-10-2024

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 USD09-10-20240.95540.00350.37%
NAV per Unit in RMB (for reference only)09-10-20246.77530.05680.85%
NAV per Unit in HKD (for reference only)09-10-20247.42740.02640.36%
Closing Price for USD Traded Unit10-10-20240.9560-0.0010-0.10%
Closing Price for RMB Traded Unit10-10-20246.78000.01000.15%
Closing Price for HKD Traded Unit10-10-20247.4300-0.0100-0.13%

Trading Information

HKD Traded UnitsRMB Traded UnitsUSD Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main BoardSEHK – Main Board
Commencement of Dealing30 Sep 202430 Sep 202430 Sep 2024
Stock Code3404834049404
Trading Board Lot Size100 Units100 Units100 Units
Trading CurrencyHKDRMBUSD
SEDOL CodeBRVVCH1BRVVCT3BRVVCR1
Reuters Code3404.HK83404.HK9404.HK
ISIN CodeHK0001040226HK0001040242HK0001040234
Bloomberg Ticker3404 HK83404 HK9404 HK
Bloomberg NAV3404NAV83404NAV9404NAV
Bloomberg iNAV3404IV83404IV9404IV
Bloomberg Shares Outstanding3404SHO83404SHO9404SHO

Index Information ( 7 )

IndexMSCI India Net Total Return (USD) Index
Index ProviderMSCI Inc.
CurrencyUSD
Closing Level1363.95
Change-1.61
Change (%)-0.12%
Type of IndexNet Total Return

As of 11-10-2024

Participating Dealers

  • Barclays Bank PLC
  • China Merchants Securities (HK) Co., Limited
  • DBS Vickers (Hong Kong) Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • Merrill Lynch Far East Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • BNP Paribas
  • Citigroup Global Markets Asia Limited
  • Haitong International Securities Company Limited
  • Korea Investment & Securities Asia Limited
  • Mirae Asset Securities (HK) Limited

Market Makers

HKD CounterRMB CounterUSD Counter
Mirae Asset Securities (HK) LimitedMirae Asset Securities (HK) LimitedMirae Asset Securities (HK) 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 MSCI India 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 Unit in RMB and HKD is for reference only. The last NAV per Unit in RMB and HKD is calculated using the official last NAV per Unit in USD multiplied by the foreign exchange rate quoted by WM/Reuters at 4:00pm (London 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: MSCI Inc., Bloomberg.

^ ‘Dealing Day’ generally means a day on which (a) SEHK in Hong Kong, NSE and BSE in India are open for normal trading; and (b) the Index is compiled and published, or such other day the Manager and the Trustee may agree and determine. Please refer to the Prospectus for further details in this regard.

Returns/Historical NAVs Chart

Fund Price

Class Currency Dealing Date NAV per unit
USD USD 09-10-2024 0.9554
RMB RMB 09-10-2024 6.7753
HKD HKD 09-10-2024 7.4274
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

Top 10 Holdings

Holdings. Weighting (%)
RELIANCE INDUSTRIES LTD 6.32
HDFC BANK LIMITED 5.26
ICICI BANK LTD 4.89
INFOSYS LTD 4.89
BHARTI AIRTEL LTD 3.24
TATA CONSULTANCY SVCS LTD 2.9
MAHINDRA & MAHINDRA LTD 2.22
AXIS BANK LTD 2.02
LARSEN & TOUBRO LTD 1.77
HINDUSTAN UNILEVER LTD 1.72
Total 35.23

As of 09-10-2024

Holding Details

Click below button to show the details of the holdings

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.

Sector Breakdown

As of 09-10-2024

Country Breakdown

As of 09-10-2024

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)
Financials 24.54%
Consumer Discretionary 13.49%
Information Technology 11.69%
Energy 9.12%
Industrials 9.05%
Materials 7.84%
Consumer Staples 7.17%
Health Care 5.65%
Utilities 4.88%
Communication Services 4.36%
Real Estate 1.53%

As of 09-10-2024

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

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 USD to HKD or any other currency.

Prospectus & Documents

Offering Documents
File name Date File Format
Prospectus 24-09-2024 PDF >
Product Key Facts 24-09-2024 PDF >

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

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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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