2024-08-30-港交所-Ａ南方港元_Ａ南方港元－Ｒ_截至二零二四年六月三十日止的未经审核中期报告_14页_426kb

CSOP Hong Kong Dollar Money Market ETF (HKD MMF ETF) - Summary

Fund Information

• Product Type: Umbrella unit trust fund (sub-fund of CSOP ETF Series), primarily investing in HKD-denominated short-term deposits and high-quality money market instruments.
• Launch: Listed (HKD/RMB) on 12/18 Jul 2018; Unlisted Class A launched 8 Mar 2019.
• Manager: CSOP Asset Management Limited (Directors listed).
• Trustee: HSBC Institutional Trust Services (Asia) Limited.
• Assets Under Management: Approximately HKD 6.6 billion as of 30 June 2024.

Performance (Unaudited)

• Overall Sub-Fund: Dealing NAV increased 2.28% (from 11.00 to 11.1963) during the 2024 period.
• Unlisted Classes:
  • Class A NAV increased 2.28% (from 11.00 to 11.1963).
  • Class P NAV increased 2.23% (from 10.85 to 11.1496).

Financial Position (Unaudited)

• Assets: Primarily investments in debt securities and fixed deposits (approx. 37.78% of net assets). Total assets approx. HKD 6.5 billion.
• Net Assets: Approx. HKD 6.5 billion at 30 June 2024.
• NAV per Unit: Listed Class: HKD 11.20; Unlisted A Class: HKD 11.20; Unlisted P Class: HKD 11.15 at 30 June 2024 end.

Investment Portfolio (Unaudited)

• Weighted Avg Maturity: ~52.5 days.
• Primary Investments: Short-term notes and fixed deposits, with significant exposure to China (16.69% of net assets as at 30 June 2024). Holdings include names from Australia, Belgium/Singapore, etc.
• Portfolio Change: Increased holdings beyond China, particularly in Singapore and foreign entities, over the review period.

Notes

• Data discrepancies noted (e.g., NAV starting positions on 30 June 2024 vs. other period summaries).
• Calculates performance based on reported Net Asset Values.

Key Aspect

• This fund serves as a benchmark due to its significant scale (approx. HKD 6.6 billion in AUM) and its role as an unlisted, HKD money market ETF gaining prominence through subscription/redemption flows.