CSOP Huatai-Pinebridge CSI Photovoltaic Industry ETF on HKEX

KUALA LUMPUR, May 31 -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP Huatai-Pinebridge CSI Photovoltaic Industry ETF (stock ticker: 3134.HK) on the Hong Kong Stock Exchange (HKEX). 

As the first pair of ETFs under the HKEX and the Shanghai Stock Exchange (SSE) ETF Cross-Listing Scheme, 3134.HK will track the performance of the CSI Photovoltaic Industry Index, before deduction of fees and expenses, by investing in the Huatai-Pinebridge CSI Photovoltaic Industry ETF listed on SSE via the QFI status.

With listing price at around HKD8 per share, trading lot of 100 and management fee of 0.99 per cent, CSOP Huatai-Pinebridge CSI Photovoltaic Industry ETF will start to trade on June 1. (HKD100 = RM53.2079)

According to a statement, upon inception, 3134.HK has received around RMB53 million initial investment. (RMB100 = RM64.9284)

On the same day, the feeder ETF investing in CSOP’s HKEX listed ETF - CSOP Hang Seng TECH Index ETF (stock ticker: 3033.HK) will also list on the SSE.

Weighted by free-float market capitalisation, the CSI Photovoltaic Industry Index comprehensively contains 50 most representative China A-shares companies, capturing the performance of the whole PV industry chain from upstream to downstream. 

Rebalanced semi-annually, the index invariably ensures the most representative PV-related stock inclusion. 

At the end of March 31, the index had a market cap of RMB1.568 trillion and a return of 100.84 per cent over the prior 12 months.

The launch of 3134.HK is one of the strokes CSOP has been making to draw the blueprint of human future.

-- BERNAMA