Hong Kong-Listed ETFs

ChinaAMC RMB Money Market ETF (3161 HK / 83161 HK)

Management fee

0.20%(p.a.)

19730

Listing Date

12-Jul-2023

Morningstar

/5

Fund Performance

+0.24%

YTD

-

1 Year

-

3 Year

-

5 Year

+1.52%

Since Inception

As of 31-01-2024

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC RMB Money Market 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 is actively managed. It does not seek to track any index. It may fail to meet its investment objective as a result of the selection of investments.
  • The purchase of a Unit in the Fund is not the same as placing funds on deposit with a bank or deposit-taking company. The Fund does not guarantee repayment of principal.
  • Investing in Mainland China involves greater political, social, tax, economic, foreign exchange, liquidity, regulatory, custody and high volatility risks.
  • The Fund is subject to concentration risk in Greater China and may likely be more volatile than a broad-based fund.
  • The Fund is subject to fixed income and debt instruments investment risks, including short-term fixed income and debt instruments risk, credit, counterparty, volatility, liquidity, interest rate, credit rating, credit rating agency, downgrading, valuation, settlement, sovereign debt risks and “Dim Sum” bond market risks.
  • Bank deposits are subject to the credit risks of the relevant financial institutions, and may not be protected by any deposit protection schemes in certain regime.
  • The Fund is subject to QFI regime related risks, such as change of rules and regulations, QFI revocation/termination, trading prohibitions, limitations on monies repatriation, default by a QFI custodian/broker.
  • The Fund is subject to risks associated with Mainland interbank bond market and Bond Connect, such as suspension of trading, regulatory, volatility, liquidity, settlement and counterparty risk.
  • 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. Trading hours of SEHK applicable to Listed Class in the secondary market and dealing deadlines in respect of the Listed Class on the primary market or Unlisted Class are also 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 denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. A non-RMB based investors are exposed to foreign exchange risk.
  • The trading price of the units of Listed Class 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.
  • If there is a suspension of the inter-counter transfer of units between counters, investors will only be able to trade their units in the relevant counter. The market price on the SEHK of units traded in each counter may deviate significantly, as such investors may pay more or receive less when buying units traded in RMB on the SEHK than in respect of units traded in HKD and vice versa.

Product Details

Investment Objective

The Sub-Fund’s investment objective is to invest in short-term deposits and high quality money market instruments to achieve a long-term return in RMB in line with prevailing money market rates, with primary considerations of both capital security and liquidity.

Product Overview

Asset Class Money Market
Listing Date 12-Jul-2023
Base Currency RMB
Net Asset Value (mil) of the Sub-Fund* 926.98
Domicile Hong Kong
Management Fee 0.20%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy No distribution to Unitholders

As of 26-02-2024

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 RMB26-02-2024101.71990.02350.02%
Official NAV per Unit in HKD (for reference only)26-02-2024110.47160.09570.09%
Closing Price for RMB Traded Unit26-02-2024101.7000--
Closing Price for HKD Traded Unit26-02-2024110.4500--

Trading Information

HKD Traded UnitsRMB Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main Board
Commencement of Dealing12-Jul-2023 12-Jul-2023
Stock Code316183161
Trading Board Lot Size10 Units10 Units
Trading CurrencyHKDRMB
SEDOL CodeBMXNXX3BMXNXY4
Reuters Code3161.HK83161.HK
ISIN CodeHK0000921822HK0000921830
Bloomberg Ticker3161 HK83161 HK
Bloomberg NAV3161NAV83161NAV
Bloomberg iNAV3161IV83161IV
Bloomberg Shares Outstanding3161SHO83161SHO

Participating Dealers

  • ABN AMRO Clearing Hong Kong Limited
  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Limited
  • Citigroup Global Markets Asia Limited
  • CLSA Limited
  • Haitong International Securities Company Limited
  • Mirae Asset Securities (HK) Limited
  • Yue Xiu Securities Company Limited

Market Makers

HKD CounterRMB Counter
Flow Traders Hong Kong LimitedFlow Traders Hong Kong Limited
Vivienne Court Trading Pty. Ltd. Vivienne Court Trading Pty. Ltd.

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. 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 RMB Money Market 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 HKD is calculated using the Intra-day Estimated NAV per Unit in RMB multiplied by the real time exchange rate provided by ICE DATA. Since the Intra-day Estimated NAV per Unit in RMB will not be updated when the underlying share market is closed, the change in the Intra-day Estimated NAV per unit in HKD (if any) during such period is solely due to the change in the foreign exchange rate.

5   The last NAV per Unit in HKD is for reference only. The last NAV per Unit in HKD is calculated using the official last NAV per Unit in RMB multiplied by the foreign exchange rate quoted by Reuters at 2:00pm (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 RMB and last 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.

^ “Dealing Day” generally means a day on which the SEHK and the relevant underlying securities market is open for normal trading; or such other day or days as the Manager and the Trustee may agree from time to time. Please refer to the Prospectus for further details in this regard.

Performance Chart

Fund Price

Class Currency Dealing Date NAV per unit
RMB RMB 26-02-2024 101.7199
HKD HKD 26-02-2024 110.4716

Since Launch Performance

Historical NAVs
RMB

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

Class 7-Day Annualized Return
RMB 2.74%
Between 16-02-2024 and 23-02-2024
Calculated based on a 7-day (7 calendar days) period by annualization based on change in net asset value (NAV), using the formula: (7-calendar-day cumulative return^(365/7)-1)x100%. Please note that this figure is a hypothetical performance which is calculated based on a 7-day period of the Fund’s past performance and does not represent an actual one-year return.

Holdings

Top 10 Holdings

Holdings. Weighting (%)
CNH - Yuan Renminbi RepDeposit of 25119738 to 03 Apr 24 at 3% 2.71
CNH - Yuan Renminbi RepDeposit of 25091292 to 06 Mar 24 at 2.95% 2.71
CNH - Yuan Renminbi RepDeposit of 25000000 to 27 Mar 24 at 3.31% 2.7
CNH - Yuan Renminbi RepDeposit of 23000000 to 26 Mar 24 at 3.2% 2.48
CNH - Yuan Renminbi RepDeposit of 22000000 to 02 Apr 24 at 3.2% 2.37
CNH - Yuan Renminbi RepDeposit of 21000000 to 08 Mar 24 at 2.72% 2.27
CNH - Yuan Renminbi RepDeposit of 20000000 to 15 Mar 24 at 2.95% 2.16
CNH - Yuan Renminbi RepDeposit of 19000000 to 29 Feb 24 at 3% 2.05
CNH - Yuan Renminbi RepDeposit of 17500000 to 10 Jul 24 at 2.7% 1.89
CNH - Yuan Renminbi RepDeposit of 17500000 to 11 Jul 24 at 2.7% 1.89
Total 23.22

As of 26-02-2024

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 26-02-2024

Country Breakdown

As of 26-02-2024

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)

As of 26-02-2024

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

ETF listing date: 10 November 2022

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

Factsheet
Offering Documents
File name Date File Format
Factsheet - January 2024 31-01-2024 PDF >
File name Date File Format
Product Key Facts 07-07-2023 PDF >
Prospectus 07-07-2023 PDF >

Announcements & Notices

* The Net Asset Value of the Sub-Fund is composed of the net asset value of both listed and unlisted share classes.

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 index tracking ETFs and unlisted 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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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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