BOCHK Greater Bay Area Climate Transition ETF
(HKD Counter Stock Code: 03129, RMB Counter Stock Code: 83129)
KEY FEATURES AND RISKS:
- The BOCHK Greater Bay Area Climate Transition ETF (the “Sub-Fund”) is an index-tracking exchange traded fund which seeks to provide investment performance (before fees and expenses) that tracks the performance of the S&P BOCHK China Hong Kong Greater Bay Area Net Zero 2050 Climate Transition Index (the “Underlying Index”).
- The Sub-Fund primarily (not less than 70% of its net asset value) invests in eligible securities that are commensurate with the Sub-Fund’s focus on environment, social and governance (“ESG”), which include China-domiciled and/or Hong Kong-domiciled companies listed on stock exchanges in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”) (including A-Shares) that are within the Underlying Index.
- The Underlying Index incorporates ESG factors as a key construction focus. Its major ESG focus is reduction of greenhouse gas (“GHG” expressed in CO2 equivalents) emissions at the index level. The Underlying Index is designed to measure the performance of eligible equity securities in GBA and is based on the S&P China-Hong Kong Greater Bay Area Index (Parent Index).The constituents of the Underlying Index are selected from some of the largest float-adjusted market capitalization (FMC) companies and weighted collectively compatible with a 1.5°C global warming climate scenario (“1.5°C Climate Scenario”)^ at the index level.
- Investment involves risks and the Sub-Fund may not be suitable for everyone. Past performance is not indicative of future performance. The Sub-Fund is subject to market and exchange rate fluctuations and to the risks inherent in all investments. Price of units of the Sub-Fund (the “Units”) and the income (if any) generated from the Sub-Fund may go down as well as up. Investors could face no returns and/or suffer significant loss related to the investments. There is no guarantee in respect of repayment of principal.
- The key risks to which the Sub-Fund is subject to include: general investment risk, equity market risk, ESG investment policy risk, emerging market / People’s Republic of China (“PRC”) market risk, risk associated with high volatility of the equity market in Mainland China, risk associated with regulatory/exchanges requirements/policies of the equity market in Mainland China, concentration risk, risks related to Shenzhen-Hong Kong Stock Connect, risks associated with the ChiNext market, passive investment risk, tracking error risk, trading risk, trading differences risks, foreign exchange and RMB currency and conversion risks, legal and regulatory risk, PRC tax risk, termination risk, reliance on market maker risks, reliance on index provider risks, risk in relation to distribution and dual counter risks.
- The Manager will normally make distributions out of net income received or receivable by the Sub-Fund. However, in the event that the net income is insufficient to pay the distributions that it declares, the Manager may also, in its absolute discretion, determine that distributions be paid out of the capital of the Sub-Fund, or the Manager may, in its discretion, pay distributions out of its gross income while charging/ paying all or part of its fees and expenses to/ out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of distributions by the Sub-Fund and therefore, the Sub-Fund may effectively pay distributions out of capital. This may reduce the capital that the Sub-Fund has available for investment in future and may constrain capital growth.
- Investors should be aware that in circumstances where distributions are paid out of capital or effectively out of capital, this amounts to a return or withdrawal of part of the amount investors originally invested or from any capital gains attributable to that original investment. Any distributions involving payment of distributions out of capital or payment of distributions effectively out of capital (as the case may be) may result in an immediate decrease in the Net Asset Value per Unit.
- All Units (whether HKD or RMB traded Units) of the Sub-Fund will receive distributions (if any) in HKD only.
- Please refer to the offering document of the Sub-Fund for further details including investment objectives and policies, charges and expenses and the risk factors, before making any investment decision.
^ It is a pathway to achieve net zero emissions by 2050 to limit the global warming up to 1.5°C above pre-industrial levels.
Fund Profile (Fund’s Base Currency: HKD)
HKD Counter
RMB Counter
Data as of
23 Apr 2024
23 Apr 2024
Outstanding Units
11,500,000
11,500,000
Fund Size (In Million)
HKD 88.4214
RMB 81.8868 Note 1
Last NAV per Unit
7.6888
7.1206 Note 2
Previous Last NAV per Unit
7.5743
7.0087 Note 2
Change on NAV per Unit
0.1145
0.1119
Change in % on NAV per Unit
1.5117
1.5966
Intra-day Estimated Net Asset Value ("NAV") Per Unit Note 3 (for reference only)
Data as of
Time
NAV Per Unit (HKD)
NAV Per Unit (RMB)
Daily Closing Information of S&P BOCHK China Hong Kong Greater Bay Area Net Zero 2050 Climate Transition Index
Data as of
23 Apr 2024
Currency
HKD
Closing Level
991.8500
Previous Level
976.9200
Change
14.9300
Change in %
1.5283
Daily Reports
Report on Tracking Difference and Tracking Error
Other Documents
Annual Report
Interim Report
Past Performance over 10 Years
Participating Dealer
BOCI Securities Limited
China Merchants Securities (HK) Co., Limited
Haitong International Securities Company Limited
Korea Investment & Securities Asia Limited
Mirae Asset Securities (HK) Limited
Securities Market Makers
IMPORTANT NOTES:
Investment involves risks. The Sub-Fund is subject to market fluctuations and exchange rate fluctuations and to the risks inherent in all investments. Past performance is not indicative of future performance. Price of Units and the income generated from them (if any) may go down as well as up. Investors should, before investing in the Sub-Fund, carefully read the Prospectus of the Sub-Fund for further details including product features and risk factors, and the arrangement in the event that the Sub-Fund is delisted. Investors should also note that the Sub-Fund is different from a typical retail investment fund offered to the public in Hong Kong, in particular:
a. Units of the Sub-Fund may only be created and redeemed in Application Unit size* (as defined in the Prospectus) directly by Participating Dealer(s) or Eligible Investor(s) (as defined in the Prospectus) (save for, in the case of a Creation or Redemption Application by an Eligible Investor, subject to such terms and conditions as specified in the relevant application forms, and the other requirements set out in the section "Creation and Redemption of Units" of the Prospectus) from the Manager and may not be created or redeemed directly by other investors from the Manager. Such other investors may only make a request (and if such investor is a retail investor, through a stockbroker which has opened an account with a Participating Dealer) to create or redeem Units in Application Unit sizes through a Participating Dealer which reserves the right to refuse to accept a request from an investor to create or redeem Units under exceptional circumstances. Alternatively, investors may realize the value of their Units by selling their Units through an intermediary such as a stockbroker on the SEHK, and there is a risk that dealings on the SEHK may be suspended;
b. In-kind Creation Applications are not accepted.
c. There is risk related to divergence between the market price of the Units and the Net Asset Value of the Sub-Fund. The market price of the Units traded on the SEHK is determined not only by the Net Asset Value of the Sub-Fund but also by other factors such as the supply of and demand for the Units in the SEHK.
* Minimum 500,000 Units (or multiples thereof). The Trading Board Lot Size is 100 Units.
Note 1 Fund Size in RMB is indicative and for reference only. It is calculated using the Fund Size in HKD multiplied by the foreign exchange rate for RMB/HKD quoted by Bloomberg – Bloomberg (CNH) rate (Tokyo Composite) at 3:00 p.m. Hong Kong time on the same Dealing Day
Note 2 The last NAV per Unit in RMB is indicative and for reference only. The last NAV per Unit in RMB is calculated using the last NAV per Unit in HKD multiplied by the foreign exchange rate for RMB/HKD quoted by Bloomberg – Bloomberg (CNH) rate (Tokyo Composite) at 3:00 p.m. Hong Kong time on the same Dealing Day. It is updated on each Dealing Day.
Note 3 The Intra-day Estimated NAV per Unit (which is the real-time or near real-time indicative NAV per Unit) in RMB and HKD will be updated every 15 seconds during SEHK trading hours on each Dealing Day. The Intra-day Estimated NAV per Unit in RMB is indicative and for reference purposes only. The Intra-day Estimated NAV per Unit in RMB is calculated using the Intra-day Estimated NAV per Unit in HKD multiplied by the real time exchange rate provided by ICE Data.
The Intra-day Estimated NAV per Unit is provided by BOCI-Prudential Asset Management Limited in good faith. They are compiled based on information obtained from third party source which is believed to be reliable. Information is provided to the user “as is”. No express or implied warranties of any kind regarding the information provided, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use is given here. Such Intra-day Estimated NAV per Unit is indicative in nature and are available on a delayed basis. BOCI-Prudential Asset Management Limited shall not accept any responsibility for any interruption, inaccuracy, error or omission, regardless of cause, in the information or for any damages resulting therefrom.
ICE Data Disclaimer
The Intra-day Estimated NAV per Unit ("IOPV") calculations as shown on the Manager's website (the "Data") and provided by ICE Data Indices, LLC are updated during SEHK trading hours on each Dealing Day. Powered by FactSet. IOPV calculations are 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") or their respective third party suppliers. ICE DATA OR ITS 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 INDICATIVE NET ASSET VALUE (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.
In case of any discrepancy between the English and Chinese version of this ICE Data Disclaimer, the English version shall prevail.
Index Provider Disclaimer
The S&P BOCHK China Hong Kong Greater Bay Area Net Zero 2050 Climate Transition Index (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Bank of China (Hong Kong) Limited, and has been licensed for use by BOCI-Prudential Asset Management Limited (the “Manager”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); BOCHK is a trademark of Bank of China (Hong Kong) Limited and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Manager. BOCHK Greater Bay Area Climate Transition ETF (“such product”) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Bank of China (Hong Kong) Limited and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Index.
This webpage is issued by BOCI-Prudential Asset Management Limited and has not been reviewed by the SFC.