2024-08-30-港交所-Ａ博时港元_截至2024年6月30日止的未经审核中期财务报告_37页_318kb

Company and Sub-funds Overview
The report covers the semi-annual performance of the Bosera Global Exchange Traded Funds Series Open-ended Fund Company and its sub-funds, including Bosera RMB Money Market ETF, Bosera HKD Money Market ETF, and Bosera USD Money Market ETF. These ETFs invest in short-term, high-quality money market instruments to achieve returns in their respective currencies. The HKD ETF was established in February 2023, while the USD ETF started in July 2023. Financial statements are unaudited.

Financial Performance Summary
For the period ending 30 June 2024:

• Net assets increased significantly across all ETFs. Bosera RMB ETF ended with 1,546,370,641 RMB, up by approximately 11 million RMB from the beginning of 2024. Bosera HKD ETF showed net assets of 680,648,051 HKD, with a similar rise. Bosera USD ETF concluded with 109,574,097 USD, indicating strong capital growth.
• Net gains and investment income were positive, with operational expenses deducted, leading to substantial net increases in assets. The USD ETF reported a net loss for the 2023 period, but showed improved results in 2024.
• Cash flow used in operations was high due to changes in assets and liabilities, with financing activities generating net cash flows from share issuances and redemptions.

Portfolio Details
The ETFs primarily hold short-term deposits and high-quality money market instruments for stability and liquidity.

• Bosera RMB ETF: Investments include unlisted certificates of deposit (1.20% of net assets).
• Bosera HKD ETF: Consists mostly of daily and weekly liquid assets, accounting for 15.43% and 21.75% of net assets, with no listed securities reported.
• Bosera USD ETF: Holdings include listed bonds from entities like Huatai Intl and China Minsheng Banking Corp. USD ETF investments showed a balanced profile, with key percentages around 9.15%.
  The weighted average maturity is low across all ETFs, reflecting a focus on short-term risk mitigation.

Accounting and Management Policies
The financials adhere to IFRS standards, with policies on fair value measurement, impairment, and classification of financial assets and liabilities at amortized cost or fair value through profit or loss. Key aspects include managing foreign currency risks and ensuring segregated liability within the ETF sub-funds. Operations are managed by Bosera Asset Management (International) Co., Limited, with custodians CMB Wing Lung (Trustee) Limited for RMB and HKD ETFs, and BOCI-Prudential Trustee Limited for USD ETF. The company is governed by Hong Kong regulations, including the SFC's OFC Code and UT Code.

Other Key Information
Subscriptions and redemptions were significant, contributing to net asset changes. The ETFs were established to provide investors with stable market exposure while maintaining high liquidity. Overall financial statements indicate robust performance in net asset growth and consistent investments in low-risk instruments.