Hong Kong-Listed ETFs

ChinaAMC MSCI China A 50 Connect ETF (2839 HK / 82839 HK / 9839 HK)

Management fee

0.30%(p.a.)

3920

Listing Date

13-Dec-2021

Morningstar

/5

Fund Performance

-4.21%

YTD

-9.08%

1 Year

-

3 Year

-

5 Year

-24.79%

Since Inception

As of 31-08-2023

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC MSCI China A 50 Connect 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 MSCI China A 50 Connect Index (the “Index”).

• The Fund is passively managed. Falls in the Index are expected to result in corresponding falls in the value of the Fund.

• The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors.

• The Index is a new index. The Fund may be riskier than those tracking more established indices with longer operating history.

• The Fund is subject to concentration risks in a single geographical region (Mainland China). The Fund may be more volatile than a broadly-based fund.

• The Fund is subject to risks associated with the Stock Connect, such as change of relevant rules and regulations, quota limitations, suspension of the Stock Connect programme.

• The Fund is subject to securities lending transactions risks, including the risk that the borrower may fail to return the securities in a timely manner.

• The Fund is denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors in units are exposed to foreign exchange risk.

• As the SSE and the SZSE may be open when Listed Units in the Fund are not priced, the value of the securities in Fund’s portfolio may change on days when investors will not be able to purchase or sell the Fund’s units. Differences in trading hours between the SSE, the SZSE and the SEHK, and A-Shares’ trading bands may increase the level of premium/discount of the Listed Unit price to its NAV.

• 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 trading price of Listed Units 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 Fund is subject to tracking error risk.

• If any suspension of the inter-counter transfer of Listed Units and/or any limitation on the level of services by brokers and CCASS participants occurs, unitholders will only be able to trade their units in one counter. The market price of Listed Units traded in each counter may deviate significantly.

• Unitholders will receive distributions in the RMB only. Unitholder without RMB 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 China A 50 Connect Index.

Product Overview

Asset Class Equity
Listing Date 13-Dec-2021
Base Currency RMB
Net Asset Value (mil) 467.32
Domicile Hong Kong
Management Fee 0.30%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy At least annually (usually in July), subject to the Manager’s discretion. All Units will receive distributions in RMB only.

As of 28-09-2023

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 RMB28-09-202319.8015-0.1162-0.58%
NAV per Unit in HKD (for reference only)28-09-202321.1958-0.1146-0.54%
NAV per Unit in USD (for reference only)28-09-20232.7080-0.0169-0.62%
Closing Price for RMB Traded Unit29-09-202320.02000.28001.42%
Closing Price for HKD Traded Unit29-09-202321.48000.38001.80%
Closing Price for USD Traded Unit29-09-20232.74200.04201.56%

Trading Information

RMB Traded UnitsHKD Traded UnitsUSD Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main BoardSEHK – Main Board
Commencement of Dealing13-Dec-202113-Dec-202113-Dec-2021
Stock Code8283928399839
Trading Board Lot Size50 Units50 Units50 Units
Trading CurrencyRMBHKDUSD
SEDOL CodeBNQSGP5BNQSGG6BNQSGN3
Reuters Code82839.HK2839.HK9839.HK
ISIN CodeHK0000804135HK0000804119HK0000804127
Bloomberg Ticker82839 HK2839 HK9839 HK
Bloomberg NAV82839NAV2839NAV9839NAV
Bloomberg iNAV82839IV2839IV9839IV
Bloomberg Shares Outstanding82839SHO2839SHO9839SHO

Index Information ( 7 )

IndexMSCI China A 50 Connect Index
Index ProviderMSCI Inc.
CurrencyRMB
Closing Level1990.37
Change0
Change (%)0%
Type of IndexNet Total Return

As of 28-09-2023

Participating Dealers

  • ABN AMRO Clearing Hong Kong Limited
  • Barclays Bank PLC
  • BNP Paribas
  • China Galaxy International Securities (Hong Kong) Co., Limited
  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Limited
  • CITIC Securities Brokerage (HK) Limited
  • Citigroup Global Markets Asia Limited
  • DBS Vickers (Hong Kong) Limited
  • Goldman Sachs (Asia) Securities Limited
  • Guotai Junan Securities (Hong Kong) Limited
  • Haitong International Securities Company Limited
  • J.P. Morgan Broking (Hong Kong) Limited
  • Korea Investment & Securities Asia Limited
  • Merrill Lynch Far East Limited
  • Mirae Asset Securities (HK) Limited
  • Morgan Stanley Hong Kong Securities Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • UBS Securities Hong Kong Limited
  • Valuable Capital Limited
  • Yuanta Securities (Hong Kong) Company Limited
  • Yue Xiu Securities Company Limited
  • Zhongtai International Securities Limited

Market Makers

RMB CounterHKD CounterUSD Counter
Flow Traders Hong Kong LimitedFlow Traders Hong Kong LimitedFlow Traders Hong Kong Limited
Optiver Trading Hong Kong LimitedJump Trading Hong Kong LimitedOptiver Trading Hong Kong Limited
Korea Investment & Securities Asia Limited
Mirae Asset Securities (HK) Limited
Optiver Trading Hong Kong Limited
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, 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 China A 50 Connect 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 and USD 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 or USD (if any) during such period is solely due to the change in the foreign exchange rate.

5   The last NAV per Unit in HKD and USD is for reference only. The last NAV per Unit in HKD and USD is calculated using the official last NAV per Unit in RMB multiplied by the foreign exchange rate quoted by Reuters at 3:00pm (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 and USD 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 RMB, HKD 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) 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
RMB RMB 28-09-2023 19.8015
HKD HKD 28-09-2023 21.1958
USD USD 28-09-2023 2.7080

Since Launch Performance

Returns
Historical NAVs
RMB
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).

Holdings

Top 10 Holdings

Holdings. Weighting (%)
KWEICHOW MOUTAI CO LTD-A 7.91
CONTEMPORARY AMPEREX TECHN-A 7.12
WANHUA CHEMICAL GROUP CO -A 5.9
ZIJIN MINING GROUP CO LTD-A 5.32
BYD CO LTD -A 3.94
CHINA MERCHANTS BANK-A 3.57
CHINA YANGTZE POWER CO LTD-A 3.06
LUXSHARE PRECISION INDUSTR-A 2.99
LONGI GREEN ENERGY TECHNOL-A 2.91
FOXCONN INDUSTRIAL INTERNE-A 2.75
Total 45.47

As of 28-09-2023

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 28-09-2023

Country Breakdown

As of 28-09-2023

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)
Financials 19.28%
Consumer Staples 16.82%
Industrials 14.38%
Information Technology 13.09%
Materials 11.22%
Health Care 8.44%
Consumer Discretionary 5.84%
Utilities 3.83%
Energy 3.19%
Communication Services 1.86%
Real Estate 1.76%

As of 28-09-2023

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

Rolling 1-Year TD-0.27%
Rolling 1-Year TE^0.07%
TD (2022)-0.19%

As of 31-08-2023

Graph for Tracking Difference

Calendar Year Performance

Past performance Vs Benchmark performance

ETF listing date: 13 December 2021

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

Ex-Dividend Date Record Date Pay Date Currency Total Distribution Per Unit Dividend paid out of net distributable income * (RMB) Dividend paid out of capital
24-07-2023 25-07-2023 31-07-2023 RMB 0.43 100% 0%
25-07-2022 26-07-2022 31-07-2022 RMB 0.34 100% 0%

*“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
Financial Reports
Fund Brochure
Offering 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

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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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