CSOP Yinhua CSI 5G Communications Theme ETF
(HKD Counter Stock Code: 3193)

IMPORTANT INFORMATION about the CSOP Yinhua CSI 5G Communications Theme ETF

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 website alone to make investment decisions.

CSOP Yinhua CSI 5G Communications Theme ETF (the “Sub-Fund”) is a sub-fund of the CSOP ETF Series, which is an umbrella unit trust established under Hong Kong law. The Sub-Fund is a feeder fund and a passively managed index tracking exchange traded fund (“ETF”) authorised under Chapters 7 and 8.6 of the Code on Unit Trusts and Mutual Funds. The units of the Sub-Fund are traded on the Stock Exchange of Hong Kong Limited (the “SEHK”) essentially like shares.

The Sub-Fund is a feeder ETF that invests at least 90% of its NAV in the Yinhua CSI 5G Communication ETF (the “Master ETF”), which is listed on the Shenzhen Stock Exchange (“SZSE”) of the PRC mainland, through the Qualified Foreign Investor (“QFI”) status of the Manager.

The Sub-Fund and the Master ETF are not principal guaranteed and your investments may suffer losses. There is no assurance that the Sub-Fund and the Master ETF will achieve their respective investment objectives.
The Master ETF is not authorized by the Securities and Futures Commission for direct offering to the public in Hong Kong.
Both the Sub-Fund and the Master ETF are passively managed and neither the Manager nor the MF Manager will have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund and the Master ETF. Falls in the value of the CSI 5G Communication Index (the “Underlying Index”) and the Master ETF may result in a corresponding fall in the value of the Sub-Fund.
The Sub-Fund invests substantially in the Master ETF, and may therefore be subject to the risks associated with the Master ETF. The performance of the Sub-Fund depends on the price of the Master ETF. The ability of the Sub-Fund to meet its investment objective is also largely dependent on the Master ETF.
The performance of the Sub-Fund may deviate from the performance of the Master ETF due to the Sub-Fund’s holdings in investments other than the Master ETF, as well as the Sub-Fund’s fees and expenses. While the Sub-Fund seeks to minimise the tracking difference / tracking error arising from the Master ETF, there is no guarantee that the Sub-Fund may achieve such objective via investments other than investment in the Master ETF, due to various factors (e.g. timing differences / delays in adjusting the Sub-Fund’s investments).
Past performance of the Master ETF is not necessarily a guide to future performance of the Master ETF or the Sub-Fund.
The Sub-Fund does not have control of the investments of the Master ETF and there is no assurance that the investment objective and strategy of the Master ETF will be successfully achieved which may have a negative impact to the Net Asset Value of the Sub-Fund. Unitholders also do not have any direct interest in the units of the Master ETF and will not be able to exercise any voting right in respect of the Master ETF.
There may be additional costs involved when investing into the Master ETF. By investing in the Master ETF, the Sub-Fund will bear a proportion of the fees and charges of the Master ETF. Such fees and charges of the Master ETF will be deducted from the Net Asset Value of the Master ETF and reflected in the Net Asset Value per unit of the Master ETF.
There is also no guarantee that the Master ETF will always have high trading volume and sufficient liquidity and the Sub-Fund may not be able to realise or liquidate its investment in the Master ETF at such time as it wants to.
There is no assurance that the liquidity of the Master ETF will always be sufficient to meet realisation requests. Further, there could be trading suspension of the Master ETF in the secondary market in Mainland China and these factors may have an adverse impact on the Sub-Fund and its unitholders.
The Sub-Fund’s ability to make the relevant investments or to fully implement or pursue its investment objective and strategy is subject to the applicable laws, rules and regulations (including restrictions on investments and repatriation of principal and profits) in the PRC mainland, which are subject to change and may have retrospective effect.
The Sub-Fund may suffer substantial losses if the approval of the QFI is being revoked / terminated or otherwise invalidated as the Sub-Fund may be prohibited from trading of relevant securities and repatriation of the Sub-Fund’s monies, or if any of the key operators or parties (including QFI custodian/brokers) is bankrupt/in default and/or is disqualified from performing its obligations (including execution or settlement of any transaction or transfer of monies or securities).
RMB is currently not a freely convertible currency and is subject to exchange controls by the Chinese government and investors may be adversely affected by movements of the exchange rates between Renminbi and other currencies.
The trading currency of the Sub-Fund (e.g. HKD) is in a currency other than the base currency of the Sub-Fund (i.e. RMB). The Net Asset Value of the Sub-Fund in such trading currency may be affected unfavourably by fluctuations in the exchange rates between this trading currency and the base currency and by changes in exchange rate controls. As such, non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that RMB will not depreciate. Any depreciation of the value of RMB could adversely affect the value of investors’ investments in the Sub-Fund in a non-RMB trading currency.
Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors.
Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.
Investors should note that they will only receive distributions in RMB and not HKD. In the event the relevant Unitholder has no RMB account, the Unitholder may have to bear the fees and charges associated with the conversion of such dividend from RMB into HKD or any other currency. Unitholders are advised to check with their brokers concerning arrangements for distributions.
Although the Manager will use its best endeavours to put in place arrangements so that at least one market maker will maintain a market for the units traded and that at least one market maker gives not less than 3 months’ notice prior to terminating market making arrangement under the relevant market maker agreement, liquidity in the market for the units may be adversely affected if there is no or only one market maker for the units of the Sub-Fund. There is also no guarantee that any market making activity will be effective.
Generally, retail investors can only buy or sell units of the Sub-Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors and may trade at a substantial premiums or discount to its NAV.
Trading of units may involve various types of costs that apply to all securities transactions such as trading fees and brokerage commissions. Investors on the secondary market will also incur the cost of the trading spread, being the difference between what investors are willing to pay for the units (bid price) and the price at which they are willing to sell units (ask price).
The Sub-Fund may be terminated under certain circumstances, for example, if the Master ETF is terminated (for instance, if the number of unitholders of the Master ETF is less than 200 or if the Net Asset Value of the Master ETF is less than RMB 50 million for 50 consecutive business days) or is no longer authorised by the SFC, and the Manager is unable to identify or agree with another master fund that tracks the Underlying Index or a suitable replacement index acceptable to the SFC, or the NAV of the Sub-Fund falls below RMB 100 million or the amount as may otherwise be specified in the Prospectus. Investors may suffer loss in the event of early termination. Investors may not be able to recover their investments and suffer a loss when the Sub-Fund is terminated.
The Manager may, at its discretion, pay dividends out of capital or effectively pay dividends out of the 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 and may result in an immediate reduction of the NAV per unit.
In the event of any default or bankruptcy of the Custodian (directly or through its delegate) or the brokers appointed by the QFI Holder in the PRC mainland (“PRC Mainland Brokers”), the Sub-Fund may encounter delays in recovering its assets and may be adversely affected in the execution of any transaction. As a result, the Net Asset Value of the Sub-Fund may also be adversely affected.
Investment in the Sub-Fund may be subject to the risks associated with changes in the PRC mainland tax laws, and such changes may have retrospective effect and may adversely affect the Sub-Fund. Any increased tax liabilities on the Sub-Fund may adversely affect the Sub-Fund’s value. Based on professional and independent tax advice, the Manager does not make any withholding income tax provision on the gross unrealised and realised capital gains derived from trading of China A-Shares and China A-Share ETFs in the PRC mainland.
Given the Sub-Fund invests substantially in the Master ETF as a feeder fund, the Sub-Fund may also be subject to the risks associated with the Master ETF’s investments.
Companies related to 5G communication technology may be subject to significant volatility in growth rates due to rapidly changing market conditions and/or participants, more advanced or new technologies, new competing products and/or enhancements in existing products. 5G communication technology is heavily dependent on patents and intellectual property rights and/or licences. The profitability of companies related to 5G communication technology may be adversely impacted by the loss or impairment of these intellectual property assets.
Such companies may also be subject to unpredictable changes in competition. There is no assurance that products or services offered by the issuers of the constituents of the Underlying Index will not be rendered obsolete or be adversely affected by competing products, or that such companies will not be adversely affected by other challenges, such as instability, fluctuation, or an overall decline within the 5G communication technology industry.
Companies related to 5G communication technology may also be affected by regulatory risks, cyber security risks, government intervention and political risks.
Mainland China is considered as an emerging market and investing in Mainland China market may be subject to greater economic, political, tax, foreign exchange, regulatory, volatility and liquidity risks than investing in more developed countries.
The concentration of the Sub-Fund and the Master ETF’s investments in a single geographical location (i.e. Mainland China) and sector (i.e. 5G communication technology) may subject it to greater volatility than portfolios which comprise broad-based global investments.
The Underlying Index may substantially consist of China A-shares outside the largest 100 China A-shares ranked by market capitalization, which may be considered small/medium-capitalisation companies. The shares of small/medium-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
The trading days or hours of the Mainland China and Hong Kong stock markets are not exactly the same. There may be occasions where the value of the Master ETF may change but investors are not able to purchase or sell the Sub-Fund’s units.
On the other hand, if a Mainland China stock exchange is closed while the SEHK is open, this may affect the level of premium or discount of the trading price of the Sub-Fund to its NAV.
While China A-Shares and China A-Share ETFs are subject to trading bands which restrict increases and decreases in the trading price, trading of the Sub-Fund listed on the SEHK is not subject to such restrictions. The dealing suspension of the Master ETF may result in higher tracking error and may expose the Sub-Fund to losses. Units of the Sub-Fund may also be traded at a premium or discount to its NAV.
The Master ETF may invest in FDIs for hedging purpose. Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. FDIs are susceptible to price fluctuations and higher volatility, and may have large bid and offer spreads and no active secondary markets. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Master ETF. Exposure to FDIs may lead to a high risk of significant loss by the Sub-Fund and the Master ETF.
Due to fees and expenses of the Sub-Fund and the Master ETF, liquidity of the market, imperfect correlation of returns between the Master ETF’s assets and the index securities constituting the Underlying Index and the Master ETF’s inability to hold the exact constituents of the Underlying Index and other factors such as the strategy being used, the Master ETF’s and hence, the Sub-Fund’s returns may deviate from that of the Underlying Index. The Manager and the MF Manager will monitor and seek to manage such risk in minimising tracking error. There can be no assurance of exact or identical replication at any time of the performance of the Underlying Index.

Please note that the above listed investment risks are not exhaustive and investors should read the Prospectus and the Product Key Facts Statement in detail before making any investment decision.

Fund Objective and Investment Strategy

The investment objective of the CSOP YINHUA CSI 5G COMMUNICATIONS THEME ETF (the “Sub-Fund”) is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the CSI 5G Communication Index (the “Index”). The Sub-Fund is a feeder fund which in seeking to achieve its investment objective, will invest at least 90% of its Net Asset Value in the Yinhua CSI 5G Communication ETF (the “Master ETF”) via the QFI status granted to the Manager.

Product Features

One of the first ETFs listed under the ETF cross-listing scheme between HKEX and SZSE
Presenting investment opportunities from the growth potential of China’s 5G development
Investing in more than 50 leading 5G related China A-shares with a well-diversified portfolio

Intra-day Estimated NAV 1 & Market Price 2

Market Information 3, 4

  Date Last Change Change (%)
NAV per Unit in RMB (official) - - - -
NAV per Unit in HKD (for reference only) ** - - - -
Closing Price for Trading unit in HKD - - - -

** Exchange Rate of Renminbi (CNH) to Hong Kong Dollar is provided by Thomson Reuters.

Fund Information

SEHK Listing Date 23 October 2020
Financial Year 31 December
Asset Class Equity
Domicile Hong Kong
Total NAV (RMB) -
Outstanding Units -
Management Fee ^ 0.99%
Ongoing Charges Over A Year # Estimated to be 2.0%
Base Currency Renminbi (RMB)

^ Include trustee fee, custodian fee and administration fee. Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to unitholders. Please refer to the section headed “Fees and Charges” in Part 1 of the Prospectus for further details of the fees and charges payable and the permitted maximum of such fees allowed as well as other on-going expenses that may be borne by the Sub-Fund.

# The ongoing charges figure is an estimate based on the annualized projection of the actual expenses for the period between the Sub-Fund’s inception date and 31 December 2020, and represents the sum of the estimated ongoing expenses chargeable to the Sub-Fund expressed as a percentage of the Sub-Fund's NAV. The actual figure may be different from this estimated figure and it may vary from year to year. For the first 12-month period from the launch of the Sub-Fund, the ongoing charges figure is capped at 2.0% of the average NAV of the Sub-Fund. Any ongoing expenses exceeding 2.0% of the average NAV of the Sub-Fund during this period will be borne by the Manager and will not be charged to the Sub-Fund.

Underlying Index Information

Underlying Index CSI 5G Communication Index
Index Provider China Securities Index Co.Ltd.
Currency RMB
Benchmark Level Type Price Return
Bloomberg Ticker SH931079
Underlying Securities The Index is a free float adjusted, category-weighted index which measures the price performance of China A-Shares listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange related to 5G communication technology, including but not limited to telecommunication service, communication devices, computer and electronic equipment, computer application, and other related sub-industries.
Rebalancing frequency Semi-annually
Number of constituents # 61

# As of September 30, 2020

Trading Information

  HKD Traded Unit
Exchange Hong Kong Stock Exchange – Main Board
Date of Listing / Dealing 23 October 2020
Primary Exchange Time Zone GMT+8
Exchange Ticker 3193
Bloomberg Ticker 3193 HK
ISIN HK0000656949
Trading Board Lot 100 Units
Trading Currency HKD

Participating Dealers 5

Cathay Securities (Hong Kong) LimitedChina Merchants Securities (HK) Co Limited
Haitong International Securities Company LimitedMirae Asset Securities (HK) Limited
Citigroup Global Markets Asia LimitedHuatai Financial Holdings (Hong Kong) Limited
  • IOPV calculations and delayed market data as shown on CSOP website (the “data”) provided by ICE Data Indices, see ICE Terms of Use, and is updated during HK Exchange trading hours. Powered by Factset. IOPV is indicative and for reference purposes only. The Sub-Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third party suppliers make no express or implied warranties, and hereby expressly disclaim all warranties of merchantability or fitness for a particular purpose with respect to the iNAV, IOPV, fund or any fund data included therein. In no event shall ICE Data have any liability for any special, punitive, direct, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. You acknowledge that the data is provided for information only and should not be relied upon for any purpose. HKEX Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.
  • Market prices are provided on a 15-minute delayed basis by ICE.
  • Change of the closing price in HKD indicates change of closing price since previous SEHK trading day. (Source: Bloomberg)
  • The last NAV per Unit in HKD is indicative and for reference purpose only and is calculated using the last NAV per unit in RMB multiplied by an assumed foreign exchange rate using the CNH exchange rate quoted by Reuters at 3:00 p.m. (Hong Kong time) as of the same Dealing Day. The official last NAV per unit in RMB and the indicative last NAV per unit in HKD will not be updated when the underlying China A-Shares market is closed.
  • Additional Participating Dealer(s) will be appointed from time to time.
  • Please refer to HKEX website for the most updated information. Additional Market Maker(s) will be appointed from time to time.

Performance

  1 Month 3 Month 6 Month Year to date Since Inception#
CSOP Yinhua CSI 5G Communications Theme ETF*
CSI 5G Communication Index**

* Where no figure is shown there was insufficient data available.

** Performance of Index is based on price return.

# Cumulative performance is calculated since the inception date on 23 October 2020.

Accumulative performance of the Sub-Fund will be presented only after 6 months from its launch.

All dollar amounts are in RMB and all dates are in GMT+8 Time, unless otherwise specified.

Performance is calculated on NAV to NAV basis in RMB without dividend reinvested, taking into account ongoing charges and excluding your trading costs on SEHK.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

These figures show by how much the fund increased or decreased in value during the period being shown.

Tracking Difference/ Error

Tracking Difference (TD)

Tracking difference is the return difference between an ETF and its underlying benchmark/ index over a certain period of time.

Tracking Error (TE)

Tracking error measures how consistently an ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.
Tracking Difference Tracking Error
As of 31 March, 2021
Fund Listing Date: 23 October, 2020
Estimated Annual TD: -0.43%
Rolling 1-Year TD: N/A
Since Inception: -0.94%
As of 31 March, 2021
Fund Listing Date: 23 October, 2020
No TE data will be displayed during the first year of listing

Graph for Tracking Difference

ETF’s performance is calculated on an NAV to NAV basis without any reinvestment of distributions

Holdings

Total Net Asset Value (in RMB) Market Value of Master ETF Held
(in RMB)
% of Master ETF
11,243,896.00 11,228,010.07 99.86

As of 07 May, 2021

Holdings Breakdown

* Investors should refer to the Prospectus and the Product Key Facts Statement for further details

As of 07 May, 2021

Index All Holdings *

Please visit http://www.csindex.com.cn/en/indices/index-detail/931079 for more details.

* The information of Index All Holdings are for reference only. The holdings may vary from the actual holdings of the Master ETF.

All dates are in GMT+8 Time. Any exceptions are noted.

Total allocation percentages shown in “Holdings Breakdown” graph may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and hence may not be included in the graph shown.

Important information about Dividend out of capital / effectively out of capital

The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the Sub-Fund are charged to/paid out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividend out of capital.
Payments of dividends out of capital or effectively out of 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. Any distributions involving payment of dividends out of the Sub-Fund’s capital or effectively out of capital may result in an immediate reduction in the Net Asset Value per Unit of the Sub-Fund and will reduce any capital appreciation for the Unitholders of the Sub-Fund.

Distribution History

Ex-Date Record Date Payable Date Dividend Per Share Dividend Paid Out of Net Distributable Income* for the month Dividend Paid Out of Capital

*“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The data in “dividend paid out of net distributable income” and “dividend paid of out of capital” are just for reference only. Please kindly refer to the official dividends information in the dividend per share column.

Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. There is no guarantee of distribution. Investors should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

All dates are in GMT+8 Time. Any exceptions are noted.

Disclaimer:

This website is owned and managed by CSOP Asset Management Limited (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.

The performance figures contained on this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and the Sub-Fund's NAV per unit may rise as well as fall. Persons interested in investing in the Sub-Fund should read the relevant fund offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.

This website is prepared by CSOP and has not been reviewed by the Securities and Futures Commission.


Index Provider Disclaimer:

The CSI 5G Communication Index is compiled and calculated by China Securities Index Co. Ltd. (“CSI”). All copyright in the CSI 5G Communication Index values and constituent list vest in CSI. CSI will apply all necessary means to ensure the accuracy of the CSI 5G Communication Index. However, CSI does not guarantee its instantaneity, completeness or accuracy, nor shall it be liable (whether in negligence or otherwise) to any person for any error in the CSI 5G Communication Index or under any obligation to advise any person of any error therein.

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Privacy Statement

This is the website of CSOP Asset Management Limited ("CSOP"). We understand that our customers and website visitors are concerned about the privacy of information. We have established policies and procedures concerning the collection, use and security of your information that will help protect your privacy. This policy statement provides information on the obligations and policies of CSOP under the Personal Data (Privacy) Ordinance (the "Ordinance").

OUR CORPORATE POLICY

CSOP recognize the importance of personal data to our business and the importance of respecting the privacy rights of our clients. Therefore, we are committed to ensuring compliance with the requirements of the Ordinance. Each employee of CSOP must abide by our commitment to privacy in the handling of personal information. To further enhance confidentiality and security of all personal data, only authorized staff will be allowed to have access to the personal information collected. It is restricted to those persons who have a business need to access personal information in order to perform their job duties.

The purpose of this Statement is to establish the policies and practices of CSOP's commitment to protect the privacy of personal data and to inform you about our responsibilities and your rights under the Ordinance.

Types of Personal Data Held

There are two broad categories of personal data held by us. They are personal data relating to clients and employees of CSOP.

Personal data held by us regarding clients may include the following:-

Personal data relating to employment held by us may include the following:-

Main Purposes of keeping Personal Data

The purposes for which personal data relating to clients may be used are as follows:-

The purposes for which personal data relating to employees may be used are as follows:-

Transfer of Personal Data

Personal data held by CSOP relating to clients will be kept confidential but may be transferred to the following parties (whether within or outside the Hong Kong Special Administrative Region) for any of the purposes stated above:-

Accuracy of Personal Data

CSOP strive at all times to ensure accuracy of all personal data collected and processed by us. In order to assist us to deliver on this pledge, please inform us immediately in the event that your personal information has been changed or you discovered that your personal information held by us is incorrect.

Your Rights

It is not a statutory requirement for you to provide personal data to us. However, we will not be able to provide you with the services and products you may require unless you provide us with the necessary personal data or information.

You have a right (i) to be informed whether we hold any of your personal data; (ii) to be supplied with a copy of your personal data we hold; and (iii) to request correction of your personal data we hold. If you wish to access to and/or to correct any of your personal data held by us, please send your written request to the address set out below. We may, subject to the Ordinance, impose a reasonable fee for complying with a data access request.

If you do not wish your personal data to be used for direct marketing purposes, you may notify us in writing to the following address:-

Head of Legal & Compliance

CSOP Asset Management Limited,
2801-2802 Two Exchange Square
8 Connaught Place, Central
Hong Kong

Upon receipt of such notice, we shall, without charge to you, cease using your personal data for direct marketing purposes.

Disclaimer

CSOP Asset Management Limited ("CSOP") is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”). This website contains information about CSOP and the services and products offered by CSOP. The information provided on the CSOP website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject CSOP or its affiliates to any registration requirement within such jurisdiction or country. Non-Hong Kong investors are responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein. By proceeding, you are representing that you have understood and accepted the restrictions set out in this section.

The website is prepared by CSOP and has not been reviewed by the SFC. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice. Private Investors are advised to consult with their financial advisors, banks, or other professional advisors. Nothing herein should be construed as investment advice nor as comment on the suitability of any investment or investment service. Prospective investors should take advice from their own professional advisors before making any investment decision.

The information contained in this website is provided for reference only and does not constitute any investment advice. Past performance is not an indicative of future performance. Investment involves risk and investors may not get back the amount originally invested. Please read the relevant offering document carefully, in particular fund features and the risks involved in investing in the fund.

Nothing on this website constitutes a solicitation, invitation, recommendation or offer to purchase a product offered by CSOP or any CSOP funds or as the basis for any investment decision.

This site may include forward-looking statements which are based on CSOP's current opinions, expectations and projections. CSOP undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

If you have accessed this site using a link from another site, CSOP do not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site.

CSOP do not accept responsibility for any interference or damage to your own computer system, the records stored therein or those of any other person, which arises in connection with your use of this website or any linked website. A Cookies is utilized on this website. It allows your browser to check whether you have read and agreed to these terms. The Cookies does not contain any personally identifiable information. Unfortunately, if your browser is set up to reject Cookies you will not be able to see the content of this website. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by CSOP and should not be reproduced or distributed without its permission. These terms are governed exclusively by the laws of Hong Kong and constitute the entire agreement between you and CSOP in relation to the use of this website.

The information is current as at the date of publication but is subject to change without notice.

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