E Fund ETFs Trust - E Fund (HK) CSI 300 A-Share Index ETF
IMPORTANT INFORMATION

1.  E Fund (HK) CSI 300 A-Share ETF (the “Fund”) is a passively managed exchange traded fund (“ETF”) and is traded on the Stock Exchange of Hong Kong (“SEHK”) like stocks. The investment objective is to provide investment result that, before fees and expenses, closely corresponds to the performance of the CSI 300 Index (the “Index”). The Fund invests in the PRC’s domestic securities market through the Manager’s status as a RMB Qualified Foreign Institutional Investor (“RQFII”) and the RQFII investment and the mutual stock market access between Mainland China and Hong Kong, comprising the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

2. The Fund is subject to a) Investment risk, b) Concentration risk, c) Risks relating to the RQFII regime, d) Risks associated with the Stock Connect, e) RMB trading and settlement of Units risks, f) Dual counter risks, g) Risks relating to PRC, h) PRC tax risk,, i) RMB currency risks, j) Government intervention and restrictions risks, k) Trading differences risks, l) Passive investments risks, m) New Manager and reliance on Investment Adviser risk, n) Trading risks, o) Tracking error risk, p) Reliance on market maker risks, q) Termination risk, r) Past performance risk and s) Risk related to the Rebalancing Period.

3.   Based on professional and independent tax advice, the Manager does not currently make withholding income tax provision for gross realised or unrealised capital gains derived from trading of A-Shares (either via Stock Connect or RQFII). 

4.   There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised via RQFII or Stock Connect on investments in the PRC (which may have retrospective effect).   Any increased tax liabilities on the Fund may adversely affect the Fund’s value.  If taxes are levied in future on the Fund for which no provision is made, the Fund’s NAV will be adversely affected.  In this case, the then existing and subsequent investors will be disadvantaged as they will bear for a disproportionately higher amount of tax liabilities as compared to the liability at the time of investment in the Fund.  

5. You should not make any investment decision solely based on the information on this material alone. Please read the relevant offering documents for details including the risk factors before making any investment decisions. Investment involves risk. Past performance is not indicative of future performance. This document has not been reviewed by the Securities and Futures Commission of Hong Kong.



Objective and Investment Strategy

Objective


The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index (the “Index”). 


Strategy


In order to achieve the Sub-Fund’s investment objective, the Manager will adopt a full replication strategy through investing directly in the constituent securities of the Index in substantially the same weightings in which they are included in the Index, through the RQFII investment and the mutual stock market access between Mainland China and Hong Kong, comprising the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (the “Stock Connect”). The Manager may invest up to 100% of the Sub-Fund's Net Asset Value through either RQFII and/or the Stock Connect. The Manager will not adopt representative sampling strategy.

The Sub-Fund may also invest not more than 5% of its NAV in money market funds and in cash deposits for cash management purpose.

Currently the Manager has no intention to invest the Sub-Fund in any financial derivative instruments (including structured products or instruments) for hedging or non-hedging (i.e. investment) purposes and will not enter into securities lending transactions, sale and repurchase or reverse repurchase transactions, and other similar over-the-counter transactions. The Manager will seek the prior approval of the SFC (if required) and provide at least one month’s prior notice to Unitholders before the Manager engages in any such investments.

Prior approval of the SFC will be sought and not less than one month’s prior notice will be given to the Unitholders in the event the Manager wishes to adopt any investment strategy other than the full replication strategy.

The investment strategy of the Sub-Fund is subject to the investment and borrowing restrictions set out in the section “Investment Objective, Investment Strategy, Investment Restrictions, Security Lending and Borrowing” of the Prospectus.



Index

The Index is a free float adjusted, category-weighted index which measures the performance of A-Shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index consists of the 300 stocks with the largest market capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC mainland, representing about 70% of the total market capitalisation of the Shanghai Stock Exchange and Shenzhen Stock Exchange. The Manager (and its connected persons) is independent of CSI.

The Index is calculated and disseminated in RMB on a real-time basis and is maintained by China Securities Index Co., Ltd. (the “Index Provider”). The Index is quoted in RMB. The Index is a price return index. A price return index calculates the performance of the index constituents on the basis that any dividends or distributions are not reinvested. The Index was launched on 8 April 2005 and had a base level of 1,000 on 31 December 2004.

As of 30 October 2020, the Index had a total free-float market capitalisation of RMB16.7 trillion and 300 constituents.

You can obtain most updated list of the constituents of the Index, their respective weightings, additional information and other important news of the Index from the website of the Index Provider at http://www.csindex.com.cn (the contents of which has not been reviewed by the SFC).

Index codes

Shanghai Stock Exchange Quote System Code: 000300

Shenzhen Stock Exchange Quote System Code: 399300

Bloomberg Code: SHSZ300

Reuters Code: CSI300

Market Information

NAV per Unit(as of 12 May, 2021)[5] LastChange[10] Change(%)[10] Historical
RMBRMB 48.75RMB 0.200.42%download
HKD[7] HKD 58.82 (Foreign Exchange Rate[8]:1.2064) HKD 0.160.28%download
Market Closing Price(as of  12 May, 2021)LastChange[6] Change(%)[6] Historical
RMBRMB 48.70RMB 0.100.21%download
HKDHKD 58.42HKD 0.500.86%download
Benchmark Index(as of12 May, 2021)LastChange[9] Change(%)[9] Historical
CSI 300 (Price return)5044.55021.4900.43%download

[1] This is a near real time estimated NAV. This is provided by Interactive Data (See Terms & Conditions) and is updated during Hong Kong Stock Exchange trading hours. The Estimated NAV per unit in RMB will not be updated when the underlying A shares market is closed.
[2] This is provided on 20-minute delayed basis by Interactive Data (See Terms & Conditions). Intra-day Market Price refers to the market price of E Fund CSI 300 A-Share Index ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong (the 'SEHK').
[3] This is indicative and for reference only. This is updated during Hong Kong Stock Exchange trading hours and is calculated using the Estimated NAV per unit in RMB multiplied by the assumed foreign exchange rate using Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) on the previous SEHK trading day. Since the Estimated NAV per unit in RMB will not be updated when the underlying A shares market is closed, the change in the Estimated NAV per unit in HKD (if any) during such period is solely due to the change in the Foreign Exchange Rate.
[4] The exchange rate is not a real time exchange rate and is an assumed foreign exchange rate for reference only. The assumed foreign exchange rate is Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) on the date specified above.
[5] This is provided by HSBC Institutional Trust Services (Asia) Limited and NAV per Unit in RMB and HKD will not be updated when the underlying A shares market is closed.
[6] This is the change since previous SEHK trading day. Source of Market Closing Price: Bloomberg
[7] This is calculated using the last closing NAV per unit in RMB multiplied by the assumed foreign exchange rate of CNH to HKD as mentioned in note 4 above as of the same dealing day. Please note the last closing NAV per unit in HKD is indicative and for reference only.
[8] This is Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) on the date specified above and is an assumed foreign exchange rate and for reference only.
[9] Benchmark Index returns are for illustrative purpose only and are not indicative of future results. Benchmark Index returns do not reflect any management fees, transaction costs or expenses. Change in Index Closing Level indicates the change since last Hong Kong trading day’s closing level. This is provided by E Fund Management (HK) Co., Ltd.
[10] This is the change in NAV per Unit since previous dealing day when both Hong Kong Stock Exchange and the underlying A shares market are open for normal business. Please refer to the Prospectus for further details in this regard.

Fund Information

Morningstar Rating TM
As at 31-01 -2021*

RMB Counter
Stock Code: 83100
HKD Counter
Stock Code: 03100
Stock Code8310003100
Asset ClassEquityEquity
Fund Size (RMB)
as of 12 May, 2021
29,252,925.1629,252,925.16
Outstanding Units
as of 12 May, 2021
600,000600,000
Management fee0.10%** p.a0.10%** p.a
ManagerE Fund Management (Hong Kong) Co., Limited
Investment AdviserE Fund Management Co., Limited
*Source: © 2021 Morningstar. All Rights Reserved.
**With effect from 3 March 2021(“Effective Date”),the management fee of the Sub-Fund has decreased from 0.76% to 0.10% per annum of the Sub-Fund’s Net Asset Value.​
​You should note that some fees may be increased, up to a specified permitted maximum, by giving unitholders at least one month’s prior notice. For details, please refer the section headed “Fees and Expenses” in the Explanatory Memorandum.

Trading Information

RMB Counter
Stock Code: 83100
HKD Counter
Stock Code: 03100
Fund Listing / Dealing Date27 Aug, 201209 Nov, 2012
Exchange ListingHong Kong Stock Exchange
- Main Board
Hong Kong Stock Exchange
- Main Board
Time ZoneGMT +08:00GMT +08:00
Trading Board Lot100100
Base CurrencyRMBRMB
Trading CurrencyRMBHKD
Bloomberg Ticker83100 HK03100 HK
ISIN CodeHK0000111275HK0000126661
Reuters Real Time Trading Code83100.HK03100.HK
Underlying Index Information

RMB Counter
Stock Code: 83100
HKD Counter
Stock Code: 03100
Underlying IndexCSI300 (Price return) *CSI300 (Price return) *
Type of IndexPrice ReturnPrice Return
CurrencyRenminbi (RMB)Renminbi (RMB)
Index ProviderCSICSI
Bloomberg TickerSHSZ300SHSZ300

*The Index is a free float adjusted, category-weighted index which measures the performance of A-Shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index consists of the 300 stocks with the largest market capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC mainland, representing about 70% of the total market capitalisation of the Shanghai Stock Exchange and Shenzhen Stock Exchange. The Manager (and its connected persons) is independent of CSI.
The Index is calculated and disseminated in RMB on a real-time basis and is maintained by China Securities Index Co., Ltd. (the “Index Provider”). The Index is quoted in RMB. The Index is a price return index. A price return index calculates the performance of the index constituents on the basis that any dividends or distributions are not reinvested.

Participating Dealer(s)
  • ABN AMRO Clearing Hong Kong Limited
  • BOCI Securities Limited
  • China Everbright Securities (HK) Limited
  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Ltd
  • Citic Securities Brokerage (HK) Limited
  • Citigroup Global Markets Asia Limited
  • Credit Suisse Securities (Hong Kong) Limited
  • Deutsche Securities Asia Limited
  • GF Securities (Hong Kong) Brokerage Limited
  • Goldman Sachs (Asia) Securities Limited
  • Haitong International Securities Company Limited
  • J.P. Morgan Broking (Hong Kong) Limited
  • Macquarie Bank Limited
  • Nomura International (Hong Kong) Limited
  • Shenwan Hongyuan Securities (H.K.) Limited
  • T G Securities Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • UBS Securities Hong Kong Limited
  • Yuanta Securities (Hong Kong) Company Limited
Market Maker(s) RMB Counter[Stock Code:83100]
  • Haitong International Securities Company Limited
  • HSBC Securities Brokers (Asia) Ltd.
Market Maker(s) HKD Counter[Stock Code:03100]
  • Haitong International Securities Company Limited
Disclaimer
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Real Time Data
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SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

Important information
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Terms and Conditions

E Fund Management (Hong Kong) Co., Limited does not make representation that information and materials on this site are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this site are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the site in its entirety including any legal or regulatory jurisdictions.

To the best of its knowledge and belief, E Fund Management (Hong Kong) Co., Limited considers the information contained herein is accurate as at the date of publication. However, no warranty is given on the accuracy, adequacy or completeness of the information provided by third party. Neither E Fund Management (Hong Kong) Co., Limited, nor its affiliates, directors and employees assume any liabilities in respect of any errors or omissions provided by third party on this website. Under no circumstances should this information or any part of it be copied, reproduced or redistributed.

Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should not only base on this marketing material alone to make investment decisions. This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: E Fund Management (Hong Kong) Co., Limited


The information provided herein is for informational purposes only and is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. Information posted on this site is current only as at the date of posting and may no longer be true or complete when viewed by you. All information contained herein may be changed or amended without prior notice, although E Fund Management (Hong Kong) Co., Limited does not undertake to update this site regularly.
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Jurisdiction and Governing Law


These Terms shall be governed by, and shall be construed in accordance with, the laws of Hong Kong.  The courts of Hong Kong shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit  to the jurisdiction of the courts of Hong Kong.  Each party hereby waives any objection which it might at any time have to the courts of Hong Kong being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Hong Kong are not a convenient or appropriate forum.