E Fund (HK) CSI 300 A-Share Index ETF
Investment Objective and Strategy

Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index (the “Index”). 


Strategy



In order to achieve the Sub-Fund’s investment objective, the Manager will adopt a full replication strategy through investing directly in the constituent securities of the Index in substantially the same weightings in which they are included in the Index, through the RQFII investment and the mutual stock market access between Mainland China and Hong Kong, comprising the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (the “Stock Connect”). The Manager may invest up to 100% of the Sub-Fund's Net Asset Value through either RQFII and/or the Stock Connect. The Manager will not adopt representative sampling strategy.

The Sub-Fund may also invest not more than 5% of its NAV in money market funds and in cash deposits for cash management purpose.

Currently the Manager has no intention to invest the Sub-Fund in any financial derivative instruments (including structured products or instruments) for hedging or non-hedging (i.e. investment) purposes and will not enter into securities lending transactions, sale and repurchase or reverse repurchase transactions, and other similar over-the-counter transactions. The Manager will seek the prior approval of the SFC (if required) and provide at least one month’s prior notice to Unitholders before the Manager engages in any such investments.

Prior approval of the SFC will be sought and not less than one month’s prior notice will be given to the Unitholders in the event the Manager wishes to adopt any investment strategy other than the full replication strategy.

The investment strategy of the Sub-Fund is subject to the investment and borrowing restrictions set out in the section “Investment Objective, Investment Strategy, Investment Restrictions, Security Lending and Borrowing” of the Prospectus.




Index


The Index is a free float adjusted, category-weighted index which measures the performance of A-Shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index consists of the 300 stocks with the largest market capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC mainland, representing about 70% of the total market capitalisation of the Shanghai Stock Exchange and Shenzhen Stock Exchange. The Manager (and its connected persons) is independent of CSI.

The Index is calculated and disseminated in RMB on a real-time basis and is maintained by China Securities Index Co., Ltd. (the “Index Provider”). The Index is quoted in RMB. The Index is a price return index. A price return index calculates the performance of the index constituents on the basis that any dividends or distributions are not reinvested. The Index was launched on 8 April 2005 and had a base level of 1,000 on 31 December 2004.

As of 30 October 2020, the Index had a total free-float market capitalisation of RMB16.7 trillion and 300 constituents.

You can obtain most updated list of the constituents of the Index, their respective weightings, additional information and other important news of the Index from the website of the Index Provider at http://www.csindex.com.cn (the contents of which has not been reviewed by the SFC).

Index codes

Shanghai Stock Exchange Quote System Code: 000300

Shenzhen Stock Exchange Quote System Code: 399300

Bloomberg Code: SHSZ300

Reuters Code: CSI300


Fund Information

RMB Counter
HKD Counter
Stock Code83100Exchange ListingHong Kong Stock Exchange - Main Board
Fund Size (RMB)as of 11 Oct, 202213,424,420.33Outstanding Units as of 11 Oct, 2022400,000
Management fee**
0.10% p.a*ManagerE Fund Management (Hong Kong) Co., Limited
Stock Code03100Exchange ListingHong Kong Stock Exchange - Main Board
Fund Size (RMB)as of 11 Oct, 2022 13,424,420.33Outstanding Units as of 11 Oct, 2022 400,000
Management fee**0.10% p.a*ManagerE Fund Management (Hong Kong) Co., Limited
**With effect from 3 March 2021(“Effective Date”),the management fee of the Sub-Fund has decreased from 0.76% to 0.10% per annum of the Sub-Fund’s Net Asset Value.
*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.

Trading Information

RMB Counter
HKD Counter
Fund Listing / Dealing Date27 Aug, 2012Exchange ListingHong Kong Stock Exchange - Main Board
Time ZoneGMT +08:00Base CurrencyRMB
Trading CurrencyRMBBloomberg Ticker83100 HK
ISIN CodeHK0000111275Reuters Real Time Trading Code83100 HK
Fund Listing / Dealing Date09 Nov, 2012Exchange ListingHong Kong Stock Exchange - Main Board
Time ZoneGMT +08:00Base CurrencyRMB
Trading CurrencyHKDBloomberg Ticker03100 HK
ISIN CodeHK0000126661Reuters Real Time Trading Code03100 HK

Underlying Index Information

RMB Counter
HKD Counter
Underlying IndexCSI300 (Price return) *Type of IndexPrice Return
CurrencyRenminbi (RMB)Index ProviderCSI
Bloomberg TickerSHSZ300Stock Code83100
Underlying IndexCSI300 (Price return) *Type of IndexPrice Return
CurrencyRenminbi (RMB)Index ProviderCSI
Bloomberg TickerSHSZ300Stock Code03100

*The Index is a free float adjusted, category-weighted index which measures the performance of A-Shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index consists of the 300 stocks with the largest market capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC mainland, representing about 70% of the total market capitalisation of the Shanghai Stock Exchange and Shenzhen Stock Exchange. The Manager (and its connected persons) is independent of CSI.
The Index is calculated and disseminated in RMB on a real-time basis and is maintained by China Securities Index Co., Ltd. (the “Index Provider”). The Index is quoted in RMB. The Index is a price return index. A price return index calculates the performance of the index constituents on the basis that any dividends or distributions are not reinvested.

Market Maker(s)*
*Please refer to HKEX website for the most updated information. Additional Market Maker(s) will be appointed from time to time.
Participating Dealer(s)
  • ABN AMRO Clearing Hong Kong Limited
  • BOCI Securities Limited
  • China Everbright Securities (HK) Limited
  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Ltd
  • Citic Securities Brokerage (HK) Limited
  • Citigroup Global Markets Asia Limited
  • Credit Suisse Securities (Hong Kong) Limited
  • Deutsche Securities Asia Limited
  • GF Securities (Hong Kong) Brokerage Limited
  • Goldman Sachs (Asia) Securities Limited
  • Haitong International Securities Company Limited
  • J.P. Morgan Broking (Hong Kong) Limited
  • Nomura International (Hong Kong) Limited
  • Shenwan Hongyuan Securities (H.K.) Limited
  • T G Securities Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • UBS Securities Hong Kong Limited
  • Yuanta Securities (Hong Kong) Company Limited
Disclaimer
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Important information
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Terms and Conditions

E Fund Management (Hong Kong) Co., Limited does not make representation that information and materials on this site are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this site are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the site in its entirety including any legal or regulatory jurisdictions.

To the best of its knowledge and belief, E Fund Management (Hong Kong) Co., Limited considers the information contained herein is accurate as at the date of publication. However, no warranty is given on the accuracy, adequacy or completeness of the information provided by third party. Neither E Fund Management (Hong Kong) Co., Limited, nor its affiliates, directors and employees assume any liabilities in respect of any errors or omissions provided by third party on this website. Under no circumstances should this information or any part of it be copied, reproduced or redistributed.

Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should not only base on this marketing material alone to make investment decisions. This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: E Fund Management (Hong Kong) Co., Limited


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Jurisdiction and Governing Law


These Terms shall be governed by, and shall be construed in accordance with, the laws of Hong Kong.  The courts of Hong Kong shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit  to the jurisdiction of the courts of Hong Kong.  Each party hereby waives any objection which it might at any time have to the courts of Hong Kong being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Hong Kong are not a convenient or appropriate forum.