ICBC CSOP FTSE Chinese Government Bond Index ETF

(USD Counter Stock Code: CYB, SGD Counter Stock Code: CYC)

Investment Objective and Investment Strategy

ICBC CSOP FTSE Chinese Government Bond Index ETF (the “Sub-Fund”) is a sub-fund under CSOP Investments VCC (a Singapore variable capital company authorised under Section 286 of the Securities and Futures Act, Chapter 289 of Singapore). The Sub-Fund is an exchange traded fund listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the Shares of this Sub-Fund are classified as Excluded Investment Products and Prescribed Capital Markets Products in Singapore.
The investment objective of this Sub-Fund is to replicate as closely as possible, before fees and expenses, the performance of the FTSE Chinese Government Bond Index.
The Manager employs a “passive management” or indexing investment approach designed to track the performance of the Index.
The Manager aims to deliver an investment performance which closely corresponds to the performance of the Index.
The Manager will adopt a representative sampling strategy by investing in the China Interbank Bond Market (the “CIBM”) via the Foreign Access Regime.

Note: For more details on the Sub-Fund, please refer to the Prospectus and Product Highlights Sheet.

Intra-day Estimated NAV 1

Market Information

  Date Last Change Change (%)
Official NAV per Share in RMB 2 27 Nov, 2020 67.5024 0.0001 0.00
NAV per Share in USD **4 (for reference only) 27 Nov, 2020 10.2642 -0.0198 -0.19
NAV per Share in SGD **4 (for reference only) 27 Nov, 2020 13.7340 -0.0327 -0.24
Closing Price for USD Counter 3 27 Nov, 2020 10.28 -0.02 -0.19
Closing Price for SGD Counter 3 27 Nov, 2020 13.75 -0.04 -0.29

**Exchange Rate of RMB to USD:4 is provided by Thomson Reuters.

Exchange Rate of RMB to SGD:4 is provided by Thomson Reuters.

Fund Information

SGX-ST Listing Date 21 September 2020
Financial Year 31 December
Asset Class Fixed Income
Domicile Singapore
Total NAV (RMB) 7,125,357,099.00
Outstanding Shares 105,557,100
Management Fee 0.25%
Ongoing Charges Over A Year (TER)# 0.25%
Base Currency RMB

# As the Sub-Fund is newly set up, this figure is a best estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average NAV over the same period. It may be different upon actual operation of the Sub-Fund and may vary from year to year.

Underlying Index Information

Underlying Index FTSE Chinese Government Bond Index
Index Provider FTSE Russell
Index Methodology https://www.yieldbook.com/f/m/pdf/ftse_indexes/FTSE-Fixed-Income-Indexes-Guide-20190831.pdf
Index Publication https://www.yieldbook.com/x/ixFactSheet/factsheet_monthly_cgbi.pdf
Bloomberg Ticker CFIICNL
Reuters Code .SBCNL

Trading Information

  USD Counter SGD Counter
Exchange SGX-ST – Main Board SGX-ST – Main Board
Date of Listing / Dealing 21 September 2020 21 September 2020
Primary Exchange Time Zone GMT+8 GMT+8
Stock Code CYB CYC
SGX Counter Name ICBC CSOP CGB ETF US$D ICBC CSOP CGB ETF S$
Bloomberg Ticker CYB SP Equity CYC SP Equity
Reuters Code ICGB-D.SI ICGB.SI
ISIN SGXC34971074 SGXC34971074
Trading Board Lot 10 Shares 10 Shares
Trading Currency USD SGD

Participating Dealers5

ABN AMRO Clearing Bank N.V. Singapore Branch Merrill Lynch (Singapore) Pte Ltd
Phillip Securities Pte Ltd iFAST Financial Pte Ltd
UOB Kay Hian Private Limited DBS Vickers Securities (Singapore) Pte Ltd
UBS Securities Pte Ltd CGS-CIMB Securities (Singapore) Pte Ltd
Flow Traders Asia Pte. Ltd. Jane Street Financial Limited

Market Makers6

AP Capital Investment Limited Flow Traders Asia Pte Ltd.
Phillip Securities Pte Ltd CLSA Singapore Pte Ltd
Guotai Junan Investments (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 SGX 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. ICE Data 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.

    When SGX is opening while CIBM is closed, the Intra-day Estimated NAV per Share in RMB will not be updated, the change to the Intra-day Estimated NAV per Share in USD/SGD (if any) during such period is solely due to the change in the foreign exchange rate.
  • Change of the official NAV per Share in RMB and change of the NAV per Share in USD and SGD indicate the change of the NAV per Share since previous Dealing Day where both the SGX and CIBM are open for normal trading. Refer to the Prospectus for more information on determination of Net Asset Value. Source of NAV per Share in RMB: HSBC Institutional Trust Services (Singapore) Limited.
  • Change of the closing price for USD Counter and SGD Counter indicate change of closing price since previous SGX trading day. (Source: Bloomberg)
  • The last closing NAV per Share in USD/SGD is indicative and for reference purpose only and is calculated using the last closing NAV per Share in RMB multiplied by an assumed foreign exchange rate using the RMB exchange rate quoted by Reuters at 3:00 p.m. (Singapore time) as of the same Dealing Day.

    When the CIBM or SGX is closed, the official last closing NAV per Share in RMB and indicative NAV per Share in USD/SGD will not be updated. Dealing Day means each business day on which both SGX and the CIBM are open for normal trading.
  • Additional Participating Dealer(s) will be appointed from time to time.
  • Additional Market Maker(s) will be appointed from time to time.

Disclaimer:

This website is owned and managed by CSOP Asset Management Pte. Ltd. (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. The information in this website is obtained and / or compiled from sources believed to be reliable and current. However, none of CSOP or its affiliates or the information providers will be liable to anyone for any interruption, inaccuracy, error or omission, regardless of cause, in the information on this page or for any kind of damages as a result. Users are advised to periodically review the contents of this website to be familiar with any modifications. The performance return and associated information contained on this website are for informational purposes only and must not be construed as an offer or solicitation of an offer to buy or sell any securities or shares in any of our ETFs or a recommendation to invest in any of our products. Past performance is not indicative of future performance. You should seek advice from a financial adviser before making any investment. Investment involves risks and the value of the shares and the income from the ETFs may fall as well as rise. Investments in the funds are subject to investment risks, including the possible loss of principal amount invested. Persons interested in investing in the ETF should read the relevant prospectus and product highlight sheet (including the full text of the risk factors stated therein) for details before deciding whether to invest in shares of the relevant ETF. The performance of the ETF’s price on the Singapore Stock Exchange (“SGX”) may be different from the net asset value per unit of the ETF. The ETF may also be delisted from the SGX. Transaction in shares of the ETF will result in brokerage commissions. Listing of the units does not guarantee a liquid market for the shares. Shares of the ETF may be bought or sold throughout trading hours of the SGX through any brokerage account. Investors should note that the ETF differs from a typical variable capital company and VCC may only be created or redeemed directly by a participating dealer in large creation or redemption units.

Index Provider Disclaimer:

The ICBC CSOP FTSE Chinese Government Bond Index ETF (the “ETF”) has been developed solely by CSOP Asset Management Pte. Ltd. The ETF is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Chinese Government Bond Index (the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark of the relevant LSE Group company which own the Index and is used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the ETF. The LSE Group does not accept any liability whatsoever to any person arising out of the use of the ETF or the underlying data. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the ETF or the suitability of the Index for the purpose to which it is being put by CSOP Asset Management Pte. Ltd.