2025-08-13-港交所-华夏印度_华夏印度－Ｕ_华夏印度－Ｒ_2025_半年度未经审核报告页_31页_665kb

ChinaAMC MSCI India ETF Summary

Core Content

The ChinaAMC MSCI India ETF is a sub-fund of the ChinaAMC Global ETF Series, an umbrella unit trust established under Hong Kong law. It is a passively managed ETF designed to track the performance of the MSCI India Net Total Return (USD) Index. The ETF commenced trading on 30 September 2024 with three counters: HKD (3404), RMB (83404), and USD (9404). The ETF is governed by the SFC Code on Unit Trusts and Mutual Funds and operates under the Trust Deed dated 17 September 2015, as amended.

Investment Strategy

The ETF primarily follows a full replication strategy, investing directly in securities included in the MSCI India Net Total Return (USD) Index in the same weightings as the Index. However, it may use a representative sampling strategy when certain securities are not available due to restrictions or limited supply. In such cases, the ETF invests in a sample of securities that collectively reflect the overall characteristics of the Index. The maximum deviation from the Index weighting of any constituent is not more than 4%.

Performance Overview

For the period from 24 September 2024 (date of inception) to 30 June 2025, the performance of the ETF is as follows:

The ETF has 56,500,000 units outstanding as of 30 June 2025, with an average daily trading volume of 468,773 units during the period.

Financial Statements (Unaudited)

Statement of Financial Position (as at 30 June 2025)

• Total Assets: USD 52,642,522

  • Financial assets at fair value through profit or loss: USD 52,132,042
  • Dividend receivables: USD 86,221
  • Prepayments and other receivables: USD 14
  • Cash and cash equivalents: USD 424,245

• Total Liabilities: USD 29,508

  • Management fee payable: USD 22,469
  • Trustee and registrar fees payable: USD 2,548
  • Other payables and accruals: USD 4,491

• Net Asset Value (NAV) attributable to unitholders: USD 52,613,014

• Net asset value per unit: 0.9312 USD

Statement of Profit or Loss and Other Comprehensive Income

• Total Profit or Loss and Other Comprehensive Income: USD (2,262,886)

• Income:

  • Dividend income: USD 420,884
  • Interest income: USD 9,489
  • Other income: USD 115,165

• Expenses:

  • Management fee: USD (217,534)
  • Transaction fees: USD (126,415)
  • Other operating expenses: USD (6,954)

• Profit before investment losses and exchange differences: USD 194,635

• Investment losses and exchange differences: USD (2,365,517)

  • Net realised losses on financial assets at FVPL: USD (353,261)
  • Net change in unrealised losses on financial assets at FVPL: USD (1,858,514)
  • Foreign exchange losses: USD (153,742)

• Loss before tax: USD (2,170,882)

• Withholding tax expense: USD (92,004)

Statement of Changes in Net Assets

• Net assets attributable to unitholders: USD 52,613,014
• Total net assets: USD 52,642,522

Statement of Cash Flows

• Net cash flows used in operating activities: USD (54,451,655)
• Proceeds from issue of units: USD 54,875,900
• Net increase in cash and cash equivalents: USD 424,245
• Cash and cash equivalents at the end of the period: USD 424,245

Key Entities and Roles

• Manager: China Asset Management (Hong Kong) Limited
• Trustee & Registrar: HSBC Institutional Trust Services (Asia) Limited
• Auditor: Ernst & Young
• Service Agent: HK Conversion Agency Services Limited
• Listing Agent: Altus Capital Limited

Participating Dealers

• AP Capital Management (Hong Kong) Limited
• Barclays Bank PLC
• BNP Paribas
• China Merchants Securities (HK) Co., Limited
• Citigroup Global Markets Asia Limited
• CLSA Limited
• DBS Vickers (Hong Kong) Limited
• Haitong International Securities Company
• Huatai Financial Holdings (Hong Kong) Limited
• Korea Investment & Securities Asia Limited
• Merrill Lynch Far East Limited
• Mirae Asset Securities (HK) Limited
• The Hongkong and Shanghai Banking Corporation Limited

Accounting Policies

• The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and the SFC Code.
• IFRS 18 and amendments to IFRS 9 and IFRS 7 have been adopted for the first time in the current year.
• Amendments to IAS 21 regarding non-exchangeable currencies are effective from 1 January 2025.
• The Sub-Fund uses amortised cost for financial assets where the SPPI (solely payments of principal and interest) criteria are met and the business model is to collect cash flows.
• Financial assets and liabilities classified at fair value through profit or loss (FVPL) are measured at fair value, with changes in value recorded in profit or loss.
• Impairment allowances are measured using a two-stage approach, with ECLs (expected credit losses) based on probability-weighted outcomes, time value of money, and reasonable and supportable information.
• Fair value is determined based on market participants' assumptions in the principal market or the most advantageous market.

Important Notes

• The report is unaudited and not guaranteed to reflect the actual financial state.
• The investment objective is to closely track the performance of the MSCI India Net Total Return (USD) Index before fees and expenses.
• There is no assurance that the ETF will achieve its investment objective.
• Investors are advised not to rely solely on the report for investment decisions.
• The ETF's prospectus is available at https://www.chinaamc.com.hk/product/chinaamc-india-etf/ for further details.