2022-04-29-港交所-南方ＭＳＣＩ_南方ＭＳＣＩ－Ｒ_截至二零二一年十二月三十一日止的经审核账目_48页_574kb

报告摘要

Fund Basics: A sub-fund of the CSOP ETF Series, launched on November 23, 2015, benchmarked to the MSCI China A Inclusion Index, using representative sampling indexing.
Performance: For the year 2021, the MSCI China A Inclusion Index returned 1.02%, while the ETF's net asset value (NAV) decreased 2.23%. The primary performance drivers were fees and market volatility.
Assets & Operations: Total assets of approximately RMB 10 million; average daily turnover of RMB 721,600 for RMB-denominated shares and HKD 967,200 for HKD-denominated shares in December 2021.
Financial Health: Independent auditor's report issued an unqualified opinion, confirming compliance with Hong Kong Financial Reporting Standards.
Investment Restrictions: ETF invests primarily in A-shares listed on the Shanghai and Shenzhen stock exchanges, following specific indexing strategies aligned with the underlying index.
Related Party Transactions: Concluded with normal trade terms and no abnormal relationships or soft commissions observed during 2021.

This fund represents a passive investment option targeting index performance; performance deviations are mainly due to operational costs.
The portfolio includes broadly diversified domestic stocks but carries inherent market, credit, and liquidity risks based on the underlying index's component stocks.
Key compliance and financial stability measures are in place due to its independence structure and regulated operations within Hong Kong.

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