2024-08-14-港交所-华夏Ａ５０_华夏Ａ５０－Ｕ_华夏Ａ５０－Ｒ_2024_半年度未经审核报告_20页_470kb

报告摘要

ChinaAMC MSCI China A 50 Connect ETF Summary

Fund Overview

This is a passively managed exchange-traded fund (ETF) that tracks the MSCI China A 50 Connect Index via Stock Connect. It is part of the ChinaAMC Global ETF Series and is listed on The Stock Exchange of Hong Kong (SEHK) with trading counters for RMB, HKD, and USD. The fund uses a replication strategy primarily through direct investment in Chinese A-shares mirroring the index weights, with a maximum deviation allowed for certain restrictions.

Performance Period

Date Range: January 1, 2024, to June 30, 2024 (unaudited semi-annual period).
Performance Summary: The fund experienced negative returns during the period, with:
- Total returns (NAV-to-NAV) ranging from -0.45% for RMB to -1.15% for HKD.
- Market-to-Market calculation showed similar negative performance.
- The benchmark MSCI China A 50 Connect Index had comparable returns.
- The fund's performance lagged slightly behind the index due to factors like trading mechanisms and potential deviations.

Key Financial Highlights

As of June 30, 2024, net asset value (NAV) per unit was 19.6547 RMB, with total assets at RMB 371.56 million.
Net profit before tax was positive at RMB 22.55 million, but the fund incurred losses on investment gains and expenses.
Unit issuance and redemption activity: 18.9 million units outstanding, with significant inflows during the period.

Investment Portfolio

Portfolio holdings focus on top-performing Chinese stocks across sectors like finance, industrial, and consumer goods.
Key constituents include Bank of China, Petrochina, and tech companies like Luxshare Precision and Byd.
Portfolio changes: Large turnover occurred, with additions and disposals reflecting market movements; Barclays Bank Plc P-Note was significant due to Stock Connect listings.

Management and Legal Structure

Manager: China Asset Management (Hong Kong) Limited.
Trustee: HSBC Institutional Trust Services (Asia) Limited.
Other parties involve auditors (Ernst & Young) and listing agents.

Distribution Disclosure

No distributions were made to unitholders during the period. Distributions, if any, would typically occur annually and are paid in RMB only.

Additional Notes

The fund is restricted and should not be relied upon for investment decisions, as views are subject to change.
The semi-annual report is based on the same accounting policies as the annual financial statements.

展开完整摘要