KUALA LUMPUR, Dec 13 (Bernama) -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP MSCI China A 50 Connect ETF (stock ticker: 3003.HK) on Hong Kong Stock Exchange on Dec 13.
Adopting a combination of physical representative sampling and synthetic representative sampling strategy, 3003.HK provides investment results that closely correspond to the performance of the MSCI China A 50 Connect Index (the Index).
“Now we are excited to bring this revolutionary MSCI China A 50 Connect ETF – 3003.HK to global investors. We are confident that, thanks to its sound index ecosystem and balanced sector allocation with investable China’s sector leaders, 3003.HK will reignite global investors’ enthusiasm of investing in China A-Shares,” said Chief Executive Officer of CSOP, Ding Chen.
According to a statement, 3003.HK will enable global investors to capture the investment opportunities of A-Shares market in a more diversified and balanced way.
The listing price is at around HKD 7.8 per unit with trading lot of 100 units and management fee of 0.99 per cent per annum. Upon inception, 3003.HK has received around US$120 million initial investment. (US$1 = RM4.210)
MSCI China A 50 Connect Index is an industry-balanced A-Shares broad-based benchmark index that represents the full market opportunity including China’s new economy.
Built from MSCI China A Index, the Index contains 50 of the largest China A-Shares investable through the Stock Connect.
With at least two largest stocks from each of the 11 GICS® sectors – corresponding to the index weights of the MSCI China A Index, it is designed to reflect broad diversification of China’s economy to avoid overweighting of financial or certain single sectors.
Being one of the largest and most active ETF providers in Hong Kong, CSOP has been committed to providing ETFs/ETPs to global investors for 10 consecutive years.
-- BERNAMA
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