KUALA LUMPUR, Oct 22 -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP Yinhua CSI 5G Communications Theme ETF (stock ticker: 3193.HK) on the Hong Kong Stock Exchange.
As one of the first batch of ETFs under the HKEX and SZSE ETF cross-listing scheme, 3193.HK will track the performance of the CSI 5G Communication Index, before deduction of fees and expenses, by investing in the CSI 5G Communication ETF listed on SZSE via the RQFII quota.
With listing price at around HKD 8.1 per unit, trading lot of 100 and management fee of 0.99 per cent, CSOP Yinhua CSI 5G Communications Theme ETF will start to trade tomorrow. (HKD100 = RM53.53)
According to a statement, upon inception, 3193.HK received around US$5 million initial investment. (US$1 = RM4.144)
On the same day, the feeder ETF investing in CSOP’s HKEX listed ETF - ICBC CSOP S&P China New Sectors ETF (3167.HK) will also list on Shen Zhen Stock Exchange.
CSOP Chief Executive Officer, Ding Chen said CSOP was honoured to work with Yinhua Fund Management as the first batch of asset management companies to participate in the HKEX and SZSE ETF cross-listing scheme, and glad to introduce the Chinese 5G themed ETF to Hong Kong and global investors.
CSOP was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China.
-- BERNAMA
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