Premia CSI Caixin China Bedrock Economy ETF CIES Eligible #
# The ETF is an eligible collective investment scheme for the New Capital Investment Entrant Scheme (New CIES) in Hong Kong. Details can be found in the official website by the Securities and Futures Commission (SFC).
Important Notice
IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of Premia CSI Caixin China Bedrock Economy ETF (the "ETF") for details, including the risk factors. Investors should not base investment decisions on this marketing material alone. Investors should note:
The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of CSI Caixin Rayliant Bedrock Economy Index (“Index”).
Fundamental multi-factor weighted index risks
The Index is a new fundamental multi-factor weighted index whereby constituents are selected and weighted based on certain quantitative investment factors. There can be no assurance that the Index will outperform the market at any time and it is possible that the Index may underperform capitalisation weighted indices or other benchmarks in some market environments, potentially for extended periods. The Index methodology of focusing on certain factors may lead to unintended portfolio concentration in specific industry sectors.
Stock Connect associated risk
The ETF will invest primarily in A - Shares via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively “Stock Connect”) and is subject to the Stock Connect associated risks, including quota limitations, and inability to invest in A Shares or access the PRC market if a suspension in the trading through the Stock Connect is effected. The relevant rules and regulations on Stock Connect are subject to change which may have potential retrospective effect.
RMB currency and conversion risks
The base currency of the ETF is RMB and the distributions are made in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Depreciation of RMB could adversely affect the value of investor’s investment. Non-RMB based investors are therefore exposed to foreign exchange risk.
PRC market risks
The ETF is subject to PRC market risks. The A-share market in the PRC is highly volatile and may be subject to potential settlement difficulties. Such volatility may result in suspension of A-shares or imposition of other measures by the PRC authorities affecting the dealing/trading of units and adversely affecting the value of the ETF. Securities exchanges in the PRC have the right to suspend or limit trading in any security traded on the relevant exchange. The PRC government or the regulators may also implement policies that may affect the financial markets. These may have a negative impact on the ETF.
Distributions out of or effectively out of capital risks
The Manager may at its discretion pay dividends out of the capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gain attributable to that original investment. Any such distributions may result in an immediate reduction in the NAV of the of the ETF.
Trading risks
The Units of the ETF are traded on the SEHK. The trading price of the Units is subject to market forces and may trade at a substantial premium or discount to the ETF's NAV.
Termination risks
In the event the ETF is terminated, a Unitholder may not be able to recover their capital invested and may suffer loss.
Why 2803 HK?
- Capture high quality contributors to China’s real economy: diversified sector exposure & balanced concentration risk
- Target value, quality and low volatility stocks: multi-factor fundamental strategy in partnership with CSI Caixin Rayliant
- Cost efficient exposure: capped ongoing expenses of 0.50% p.a.
- To learn more about this strategy, click here
Fund Objective and Investment Strategy
The investment objective of the ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Caixin Rayliant Bedrock Economy Index. There can be no assurance that the ETF will achieve its investment objective.
In seeking to achieve the ETF’s investment objective, the Manager will use an optimised representative sampling strategy by investing, directly or indirectly, in a representative sample of the Securities in the Index that collectively reflects the investment characteristics of the Index via the Stock Connect.
NAV and Intraday Estimated NAV
NAV
| Date | 2803 HK | |
|---|---|---|
| NAV (HKD) | 2024-11-20 | 8.6816 |
| NAV (RMB) | 2024-11-20 | 8.0783 |
| NAV (USD) | 2024-11-20 | 1.1156 |
