IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions. • CSOP SZSE ChiNext ETF (the “Sub-Fund”) is a physical index tracking exchange traded fund and it aims to provide investment results that closely correspond to the performance of the ChiNext Index (the “Underlying Index”). • The Sub-Fund invests primarily in China A-Shares listed on the ChiNext board of the PRC Shenzhen Stock Exchange (“SZSE”) primarily through the RQFII quota of the Manager. • Listed companies in the ChiNext market (e.g. innovative or small/medium sized enterprises (“SME”)) are usually in their preliminary stage of development with smaller operating scale and shorter operating history, and their businesses are usually subject to higher uncertainty and more fluctuations in their performance. Therefore, its stability and resistance to market risks may be lower. • Given the emerging nature of the companies listed on the ChiNext market and their industries focus on scientific development, innovation and media industries, any failures in the process of the scientific development may result in losses in such companies. • This Sub-Fund invests in constituent securities of the Underlying Index which are highly volatile and have a high price-earnings ratio. You may suffer a substantial loss by investing in this product. • China is considered an emerging market and investments in the China market may be subject to greater economic, political, tax, foreign exchange, regulatory, volatility and liquidity risks, than that in more developed countries. • The Manager may, at its discretion, pay dividends out of capital. Payment of dividends out of capital or effectively out of the capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. The Sub-fund may result in an immediate reduction of the NAV per Unit. • Retail investors can only trade units of the Sub-Fund on the SEHK. The trading price of the units may be different from the Sub-Fund’s NAV and even at a significant discount/premium to its NAV. The material has not been reviewed by the SFC. Issuer: CSOP Asset Management Limited CSOP SZSE ChiNext ETF Showcasing the growth potential of China's new economy. Unique in HK The only ETF in HK with access to the ChiNext market www.csopasset.com HKD Counter Stock Code: 3147 RMB Counter Stock Code: 83147 Investment Objective The investment objective of the Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index, namely, ChiNext Index (the “Underlying Index”). Investment Strategy In order to achieve the investment objective of the Fund, the Manager will primarily use a full replication strategy by directly investing all, or substantially all, of the assets of the Fund in Securities constituting the Underlying Index (“Index Securities”) in substantially the same weightings (i.e. proportions) as these Index Securities have in the Underlying Index. The Fund may also invest not more than 5% of its Net Asset Value (“NAV”) in securities other than the Index Securities which have investment profile that aims to reflect the profile of the Underlying Index. The Fund may also invest not more than 5% of its NAV in cash and money market funds for cash management purpose. Currently it is intended that the Fund will directly invest in securities issued within the PRC primarily through the Manager’s RQFII quotas granted by State Administration of Foreign Exchange (“SAFE”), as the Manager has obtained RQFII status in the PRC. Why CSOP SZSE ChiNext ETF? • Index Introduction Direct access to ChiNext board • The Underlying Index is a free float adjusted market capitalization weighted index and is designed to represent the performance of the top 100 A-Share companies listed on the ChiNext board of the SZSE ranked by total market capitalization, free-float market capitalization and turnovers. It is compiled and published by Shenzhen Securities Information Co., Ltd. (“SSICL” or the “Index Provider”). The Underlying Index covers about 47.08% of the total market value with good representatives of the entire ChiNext market. • The Underlying Index is a price return index which means that it does not include the reinvestment of dividends from the Index Securities, such dividends being net of any withholding tax. The Underlying Index is denominated and quoted in RMB. • The Underlying Index was launched on 1 June 2010 and had a base level of 1,000 on 31 May 2010. As of 30 April 2015, it had a total market capitalization of RMB 1,005.40 billion and 100 constituents. The first ETF on Hong Kong Stock Exchange that enables overseas investors to get access to ChiNext board, a fast growing board in China onshore equity market. • ChiNext Index significantly outperforming SHCOMP Index and CSI300 Index since its inception ChiNext Index, a NASDAQ-style Index with innovative and fastgrowing enterprises, especially high-tech companies listed, recorded 193.65% growth since its inception, 1 June, 2010, significantly surpassing SHCOMP Index and CSI300 Index. Price Return Performance Comparison 200.00% SHCOMP SSE50 Index Index ChiNext Index 150.00% CSI300 Index 100.00% 50.00% 0.00% Index Performance1 Jun-10 -50.00% Jun-11 Jun-12 Jun-13 Jun-14 Cumulative Performance(%) -100.00% Source: Bloomberg, as of 30 April 2015. • Consisting of the most innovative enterprises with strong diversification sectors 3 Month 6 Month 1 Year 3 Year Since Inception2 22.38% 70.05% 88.86% 122.71% 317.13% 193.65% and o Technology, Media, Telecom (63% market cap, 55 stocks) i.e. Internet (LeTV, EastMoney), Software (WondersGroup, Winning), Media (HuayiBrothers, WorldLand) o New Industrials (18% market cap, 20 stocks) i.e. Environmental Protection (OriginWater), Robot (Siasun), Industrial automation control (Inovance) o Healthcare (14% market cap, 18 stocks) i.e. Cardiac therapy device (Lepu Medical), Biopharmaceuticals (ErKang) o Others (5% market cap, 7 stocks) i.e. New Materials/ Energy/ Dietary & Nutrition Supplements (By-health) Source: SSICL, as of 30 April 2015. • 1 Month Future market leader breeder with big growth potential At the moment, top 10 constituent stocks of the ChiNext Index account for only 32.44% of total market cap (while for NASDAQ it is almost 50%) with no particular dominants. ChiNext is a lot like early stage NASDAQ where future industry leaders such as Apple, Facebook can be expected. Unlike Hong Kong’s GEM, ChiNext dosen’t have board-switich mechanism, the future leaders will stay and grow with the board. Calendar Year Performance(%)1 20102 2011 2012 2013 2014 2015YTD 14.79% -34.70% -2.14% 82.73% 12.83% 94.18% 200.00% 3000 150.00% 2500 100.00% Index Level Return (%) 50.00% 0.00% 6/10 1500 1000 6/11 6/12 6/13 6/14 -50.00% 500 0 Index Level 1. 2. 2000 Source: SSICL, as of 30 April 2015. Since inception on 1 June 2010. Source: SSICL, Bloomberg, as of 30 April 2015. CSOP Asset Management Limited ; 2801-2803 Two Exchange Square, 8 Connaught Place, Central, Hong Kong SAR; Tel: (852) 3406-5688 ; Website: www.csopasset.com; Email: [email protected] Cumulative Performance Index Breakdowns1 Top 10 Index Constituents1 Rank Constituent Name Information Technology - 47.06% 2 Consumer Discretionary - 12.18% 3 Wonders Information Co. Ltd 300168 Telecommunication Services - 3.92% 4 Huayi Brothers Media Corp 300027 Materials - 2.94% 5 Consumer Staples- 0.97% 6 7 Fund Information CSOP Asset Management Limited Listing Date 15 May 2015 Exchange Listing Stock Exchange of Hong Kong (“SEHK”) Stock Ticker RMB counter 83147 / HKD counter 3147 Base Currency Trading Currencies Inception Price Ongoing charges over a year RMB RMB and HKD RMB 12 1.27%# 9 10 Siasun Robot & Automation Co. Ltd Beijing Origin Water Technology Co. Ltd Shanghai Kingstar Winning Software Beijing Ultrapower Software Co. Wangsu Science and Technology Co., Ltd Hithink RoyalFlush Information Network Co., Ltd. 300024 300070 300253 300002 300017 300033 Information Technology Information Technology Information Technology Consumer Discretionary 8.76 4.45 3.18 2.67 Industrials 2.63 Industrials 2.54 Information Technology Information Technology Information Technology Information Technology 2.22 2.07 2.03 1.89 Index Information Name ChiNext Index Launch Date 1 June 2010 Base Currency RMB Annually in October subject to the Manager’s discretion. Distributions may be paid out of capital or effectively out of capital and reduce the Fund’s NAV Index Provider Shenzhen Securities Information Co., Ltd. Trustee/Registrar Custodian PRC Custodian 8 300104 Weighting (%) Sector 200 Units Trading lot size Dividend Policy 300059 Health Care - 13.96% Energy - 0.65% Manager East Money Information Co. Ltd Leshi Internet Information & Technology Corp 1 Industrials - 18.34% Stock Code Index Type HSBC Institutional Trust Services (Asia) Limited The Hongkong and Shanghai Banking Corporation Limited HSBC Bank (China) Company Limited # As the Fund is newly set up, this figure is a best estimate only and represents the sum of the estimated ongoing charges expressed as a percentage of the estimated average NAV. It may be different upon actual operation of the Sub-Fund and may vary from year to year. Why ETF? Underlying Securities Rebalancing frequency High Transparency • Applying a full replication strategy to deliver the performance of ChiNext Index. The ETF will closely track the index and detailed information such as ETF component, market price and etc. will be updated after every trading day on website. Quarterly Why CSOP? • CSOP Asset Management Limited was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. • With total assets under management of USD 7.08 billion2, CSOP has established itself as a leading Chinese asset manager in Asia. • CSOP is currently the largest RQFII asset manager globally with allocated RQFII quota of RMB 46.1 billion3 and manages both the largest equity and largest fixed income RQFII ETF globally. High Flexibility • Enable foreign investors to trade the A-share ChiNext stocks like a single stock in SEHK. Price return index top 100 A-Share companies listed on the ChiNext board of the SZSE ranked by total market capitalization, free-float market capitalization and turnovers CSOP: China Offshore Fund House of the Year Low Cost • Compared with mutual funds, ETFs usually enjoys a lower cost due to its passive management and stock exchange listed nature. 1. 2. 3. Source: SSICL, as of 30 April 2015. Source: CSOP, as of 31 December 2014. Source: State Administration of Foreign Exchange, as of 30 April 2015. CSOP: Hong Kong, Best China Fund House Hong Kong, Best RQFII Manager Hong Kong, Best RMB Equity product Investment involves risk. Please read the offering documents for further details including risk factors. Investment value may rise or fall and there may be possible loss of principal. Any quoted performance does not indicate future returns. This material has not been reviewed by the SFC. Issuer: CSOP Asset Management Limited. CSOP Asset Management Limited ; 2801-2803 Two Exchange Square, 8 Connaught Place, Central, Hong Kong SAR; Tel: (852) 3406-5688 ; Website: www.csopasset.com; Email: [email protected]
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