2023-04-28-港交所-Ａ南方美元_Ａ南方美元－Ｕ_截至二零二二年十二月三十一日止的经审核账目_40页_686kb

报告摘要

Summary of CSOP US Dollar Money Market ETF

Overview

The CSOP US Dollar Money Market ETF is a sub-fund of the CSOP ETF Series, established in Hong Kong on January 23, 2019. It invests in USD-denominated short-term deposits and money market instruments, aiming for returns aligned with prevailing money market rates. Listed on SEHK with stock codes 9096 (USD) and 3096 (HKD), it targets short-term stability and liquidity, with an unlisted A class also available.

Performance

For the year ending December 31, 2022, the ETF's dealing NAV increased to USD 104.5257, representing a 1.83% growth. Total assets under management reached approximately USD 306.4 million as of December 31, 2022, with outstanding units at around 893,000.

Financial Highlights

Metric	Amount	Notes
Assets (December 2022)	USD 308,561,967	Includes investments and cash.
Net Assets (December 2022)	USD 308,459,114	Attributable to unitholders.
Operating Profit (2022)	USD 4,445,189	From financial activities.
Net Increase in Assets (2022)	USD 4,444,346	Due to unit transactions.

Investment Strategy

The ETF focuses on high-quality money market investments, including debt securities, bank deposits, and short-term instruments, with an emphasis on liquidity and risk management. It limits investments to assets denominated in USD and adheres to SFC guidelines, avoiding excessive exposure to any single issuer.

Management and Risks

Managed by CSOP Asset Management Limited, with trustee HSBC Institutional Trust Services (Asia) Limited. Key risks include market price volatility, interest rate fluctuations, credit exposure, and liquidity concerns, addressed through diversified holdings and regular monitoring.

Other Information

Approval: Financial statements approved on April 27, 2023.
Compliance: Exempt from Hong Kong profits tax and operates under the SFC Code.
Performance Trends: NAV per unit showed steady growth, with specific details in the annual report.

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