E Fund (HK) MSCI China A50 Connect ETF
Important Notes Fund Information Portfolio Allocation Performance Distribution History Announcements Notices Documents
Investment Objective and Strategy
Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI China A 50 Connect Index (the “Index”).

Strategy

In order to achieve the investment objective of the Sub-Fund, the Manager will adopt a physical representative sampling strategy. The Sub-Fund will adopt a physical representative sampling strategy by investing up to 100% of its NAV in securities constituting the Index (“Index Securities”).


In pursuing a representative sampling strategy, the Manager may cause the Sub-Fund to deviate from the Index weighting on condition that the maximum deviation from the Index weighting of any constituent will not exceed 3% or such other percentage as determined by the Manager after consultation with the SFC.


For direct investments in Index Securities listed on the Shanghai and Shenzhen stock exchanges, the Sub-Fund will invest primarily through the Stock Connect and/or the Manager’s QFI status. The Manager may invest up to 100% of the Sub-Fund’s NAV through the Stock Connect and less than 70% of the Sub-Fund’s NAV through QFI.


Other investments


The Manager may invest in financial derivative instruments (“FDIs”) including futures and swaps with no more than 15% of the Sub-Fund’s NAV for investment and hedging purposes, where the Manager believes such investments will help the Sub-Fund achieve its investment objective and are beneficial to the Sub-Fund. The swaps which may be invested by the Sub-Fund will be funded total return swap transaction(s) whereby the Sub-Fund will pass on the relevant portion of cash to the swap counterparty(ies) and in return the swap counterparty(ies) will provide the Sub-Fund with an exposure to the economic gain/loss in the performance of the relevant Index Securities (net of indirect costs).


The Sub-Fund may also invest in money market funds (subject to the investment restrictions as set out in Chapter 7 of the Code), and in cash deposits and cash equivalents for cash management purposes, up to 5% of its NAV.


Currently the Manager has no intention to 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 , or if the Manager wishes to adopt an investment strategy other than a physical representative sampling strategy.


The investment strategy of the Sub-Fund is subject to the investment and borrowing restrictions set out in the Prospectus.
Index

The Index is a net total return, free float market capitalisation weighted index. It is constructed from the MSCI China A Index (the “Parent Index”), which is a broad-based benchmark index which captures large and mid-cap A-Shares listed on the Shanghai and Shenzhen exchanges and accessible through the Northbound Stock Connect channel. The Index aims to reflect the performance of the 50 largest securities representing each Global Industry Classification Standard (GICS®) sector (including energy, materials, industrials, consumer discretionary, consumer staples, health care, financials, information technology, communication services, utilities and real estate) and reflect the sector weight allocation of the Parent Index.



The Manager (and its connected persons) is independent of MSCI Inc., the index provider.


The Index is calculated and disseminated in RMB. A net total return index means that its performance reflects the reinvestment of dividends and distributions, net of withholding tax, from the Index Securities. The Index was launched on 20 August 2021 and had a base level of 1,000 on 20 November 2012. As of 13 May 2022, the Index had a total free-float market capitalisation of RMB 4.68 trillion and 50 constituents.


You can obtain most updated list of the constituents of the Index and their respective weightings from the website of the Index Provider at https://www.msci.com/constituents (the contents of which has not been reviewed by the SFC) and additional information and other important news of the Index at https://www.msci.com/our-solutions/index-profiles/market-cap-weighted/china-a-50-connect (the contents of which has not been reviewed by the SFC).


Bloomberg Code: MXA50CNC ​
Market Information

NAV per Unit( as of 17 May,2024)[5] Last Change[10] Change
(%)[10]
Historical
RMB RMB 1.9659 RMB 0.0273 1.39% Download
HKD[7] HKD 2.1226 
(Foreign Exchange Rate[8]:1.0797)
HKD 0.0276 1.30% Download
Market Closing Price ( as of 17 May,2024) Last Change[6] Change(%)[6] Historical
RMB RMB 1.9700 RMB 0.0340 1.73% Download
HKD HKD 2.1280 HKD 0.0360 1.69% Download
Benchmark Index( as of 16 May,2024) Last Change[9] Change(%)[9] Historical
MSCI China A 50 Connect Index (Net Total Return) 2587.280 8.800 0.34% Download

[1] This is a near real time estimated NAV. This is provided by ICE Data Indices 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 at least 15 minutes delay basis by ICE Data Indices. Intra-day Market Price refers to the market price of E Fund (HK) MSCI China A50 Connect ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong (the 'SEHK').
[3] The near real time indicative Net Asset Value per Unit in RMB and HKD is indicative and for reference only. This is every 15 seconds updated during SEHK trading hours. The near real time indicative Net Asset Value per Unit in HKD uses a real time HKD:RMB foreign exchange rate – it is calculated using the near real time indicative Net Asset Value per Unit in RMB multiplied by a real-time HKD:RMB foreign exchange rate provided by ICE Data Indices when the SEHK is opened for trading. Since the indicative Net Asset Value per Unit in RMB will not be updated when the underlying A-Shares market is closed, the changes in the indicative Net Asset Value per Unit in HKD during such period is solely due to the change in the foreign exchange rate.
[4] It is calculated using the near real time indicative Net Asset Value per Unit in RMB multiplied by a real-time HKD:RMB foreign exchange rate provided by ICE Data Indices when the SEHK is opened for trading.
[5] This is provided by E Fund Management (HK) Co., Ltd. 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] The last Net Asset Value per Unit in HKD is indicative and for reference only and is calculated using the last Net Asset Value per Unit in RMB multiplied by an assumed foreign exchange rate at 3:00 p.m. (Hong Kong time) quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day. The official last Net Asset Value per Unit in RMB and HKD will not be updated when the underlying A-Shares market is closed.
[8] This is an assumed foreign exchange rate at 3:00 p.m. (Hong Kong time) quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day 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
HKD counter
RMB counter
Stock code 03111 Exchange Listing Hong Kong Stock Exchange - Main Board
Fund Size(RMB) as of 17 May,2024 62,908,890.72 Outstanding Units as of 17 May,2024 32,000,000
Management Fee (p.a.)
0.25% p.a* Manager E Fund Management (Hong Kong) Co., Limited
Stock code 83111 Exchange Listing Hong Kong Stock Exchange - Main Board
Fund Size(RMB) as of 17 May,2024 62,908,890.72 Outstanding Units as of 17 May,2024 32,000,000
Management Fee (p.a.)
0.25% p.a Manager E Fund Management (Hong Kong) Co., Limited
*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.
Trading Information
HKD counter
RMB counter
Fund Listing / Dealing Date 14 Dec,2021 Exchange Listing Hong Kong Stock Exchange - Main Board
Time Zone GMT +08:00 Base Currency RMB
Trading Currency HKD Bloomberg Ticker 03111 HK
ISIN HK0000806155 Reuters Real Time Trading Code 03111 HK
Fund Listing / Dealing Date 14 Dec,2021 Exchange Listing Hong Kong Stock Exchange - Main Board
Time Zone GMT +08:00 Base Currency RMB
Trading Currency RMB Bloomberg Ticker 83111 HK
ISIN HK0000806163 Reuters Real Time Trading Code 83111 HK
Underlying Index Information
HKD counter
RMB counter
Underlying Index MSCI China A 50 Connect Index(Net Total Return) * Type of Index Net Total Return
Currency RMB Index Provider MSCI
Bloomberg Ticker MXA50CNC Stock code 03111
Underlying Index MSCI China A 50 Connect Index(Net Total Return) * Type of Index Net Total Return
Currency RMB Index Provider MSCI
Bloomberg Ticker MXA50CNC Stock code 83111
Market Maker(s)*
HKD counter
RMB counter
*Please refer to HKEX website for the most updated information. Additional Market Maker(s) will be appointed from time to time.
Participating Dealer(s)
  • Barclays Bank PLC
  • BNP Paribas
  • Changjiang Securities Brokerage (HK) Limited
  • China International Capital Corporation Hong Kong Securities Limited
  • China Merchants Securities (HK) Co., Ltd
  • Citigroup Global Markets Asia Limited
  • GF Securities (Hong Kong) Brokerage Limited
  • Goldman Sachs (Asia) Securities Limited
  • Haitong International Securities Company Limited
  • Mirae Asset Securities (HK) Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • UBS Securities Hong Kong Limited
Disclaimer
All dates are in GMT+8 Time. Any exceptions are noted.

Real Time Data
All information provided by ICE Data Indices, LLC ("ICE Data") and its affiliates (the "ICE Data Information") is owned by or licensed to ICE Data and its affiliates and any user is permitted to use such ICE Data information only for such user's personal use. In no event shall any user publish, retransmit, redistribute or otherwise reproduce any ICE Data information in any format to anyone, and no user shall use any ICE Data information in or in connection with any business or commercial enterprise, including, without limitation, any securities, investment, accounting, banking, legal or media business or enterprise.
Prior to the execution of a security trade based upon the ICE Data information, you are advised to consult with your broker or other financial representative to verify pricing information.
The ICE Data information is provided to the users "as is." Neither ICE Data nor its affiliates nor any third party data provider make any express or implied warranties of any kind regarding the ICE Data information, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use. Neither ICE Data nor its affiliates nor any third party data provider will be liable to any user or anyone else for any interruption, inaccuracy, error or omission, regardless of cause, in the ICE Data information or for any damages (whether direct or indirect, consequential, punitive or exemplary) resulting therefrom.

Delayed Data
Delayed data as shown on this website (the "data") are provided by the data provider ICE Data. ICE Data and HKEx Information Services Limited, and their respective holding companies and/or any subsidiaries of such holding companies, do not guarantee the accuracy or reliability of the data provided and accept no liability (whether in tort or contract or otherwise) for any loss or damage you may suffer or incur arising out of or in connection with your use of the data, including loss or damage which arises out of the data being inaccurate, incomplete or delayed, and however such loss or damage arises. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.
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.

Index Provider Disclaimer
The E Fund (HK) MSCI China A50 Connect ETF is not sponsored, endorsed, sold or promoted by MSCI Inc. (“MSCI”), any of its affiliates, any of its information providers or any other third party involved in, or related to, compiling, computing or creating any MSCI index (collectively, the “MSCI parties”). The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by the Manager. None of the MSCI parties makes any representation or warranty, express or implied, to the issuer or owners of the E Fund (HK) MSCI China A50 Connect ETF or any other person or entity regarding the advisability of investing in funds generally or in the E Fund (HK) MSCI China A50 Connect ETF particularly or the ability of any MSCI index to track corresponding stock market performance. MSCI or its affiliates are the licensors of certain trademarks, service marks and trade names and of the MSCI indexes which are determined, composed and calculated by MSCI without regard to the E Fund (HK) MSCI China A50 Connect ETF or the issuer or owners of the E Fund (HK) MSCI China A50 Connect ETF or any other person or entity. None of the MSCI parties has any obligation to take the needs of the issuer or owners of the E Fund (HK) MSCI China A50 Connect ETF or any other person or entity into consideration in determining, composing or calculating the MSCI indexes. None of the MSCI parties is responsible for or has participated in the determination of the timing of, prices at, or quantities of the E Fund (HK) MSCI China A50 Connect ETF to be issued or in the determination or calculation of the equation by or the consideration into which the E Fund (HK) MSCI China A50 Connect ETF is redeemable. Further, none of the MSCI parties has any obligation or liability to the issuer or owners of the E Fund (HK) MSCI China A50 Connect ETF or any other person or entity in connection with the administration, marketing or offering of the E Fund (HK) MSCI China A50 Connect ETF.

Although MSCI shall obtain information for inclusion in or for use in the calculation of the MSCI indexes from sources that MSCI considers reliable, none of the MSCI parties warrants or guarantees the originality, accuracy and/or the completeness of any MSCI index or any data included therein. None of the MSCI parties makes any warranty, express or implied, as to results to be obtained by the issuer of the E Fund (HK) MSCI China A50 Connect ETF, owners of the E Fund (HK) MSCI China A50 Connect ETF, or any other person or entity, from the use of any MSCI index or any data included therein. None of the MSCI parties shall have any liability for any errors, omissions or interruptions of or in connection with any MSCI index or any data included therein. Further, none of the MSCI parties makes any express or implied warranties of any kind, and the MSCI parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to each MSCI index and any data included therein. Without limiting any of the foregoing, in no event shall any of the MSCI parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

No purchaser, seller or holder of this security, product or the E Fund (HK) MSCI China A50 Connect ETF, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.