CSOP to Carry CSOP World-wide Cloud Computing Technological know-how Index ETF (inventory ticker: 3194.HK) on the HKEX
6 min readHONG KONG–(Organization WIRE)–CSOP Asset Administration Minimal (“CSOP”) is happy to announce the listing of CSOP World wide Cloud Computing Technological innovation Index ETF (stock ticker: 3194.HK) on the Hong Kong Inventory Exchange (the “HKEX”). 3194.HK will keep track of the performance of the Solactive Worldwide Cloud Computing Technological innovation Index (the “index”). With listing price tag at all over HKD 15.53 for each unit, buying and selling great deal of 100 shares and once-a-year administration cost of .99%, CSOP Global Cloud Computing Technological innovation Index ETF will start out to trade on 13 May possibly, 2021. Upon inception, 3194.HK has acquired all-around USD 9.37 million initial financial investment.
Cloud computing is the fashionable practice of utilizing distant servers and shared means instead of a regional network for storing, handling, processing and delivering knowledge. This kind of technological know-how enables accessibility to details from any where with significantly less upfront financial investment. Cloud computing has further helped to lower costs, strengthening the trustworthiness and protection of company IT operations. Given that the onset of Covid-19, telecommuting has accelerated the speed of business enterprise digitalization, even further bolstering the rise in adoption of cloud. Worldwide investing on general public cloud products and services is predicted to access USD 332.3 billion in 2021, an enhance of 23.1% from 2020.1 Cloud computing has also become the critical technology sector amid the levels of competition of the world’s tech giants and big economies. Amazon, Microsoft and Google combined accounted for 68.2% of the world-wide cloud computing market in 2019.2 The U.S. is the most sizeable community cloud industry with a projected investing of USD 124.6 billion in 2019.3 With the government’s aid in new infrastructure enhancement, China’s community cloud market place also retains evolving with substantial potential customers, booming from RMB 96.3 billion in 2018 to RMB 375.4 billion in 2023, with an believed CAGR of 31%.4
Cloud computing is one particular of the most in-desire and quickest-expanding tech sectors boosted by worldwide digitalization, specially for the duration of the pandemic. Comprehensively investing in the 50 most consultant U.S. and Hong Kong stated firms with world wide operations in the subject of cloud computing, the Solactive World wide Cloud Computing Technological know-how Index returns 54% about the prior 12 months.5 Weighted by free-float current market capitalization of constituents and rebalanced quarterly, the index aims to capture the general overall performance of the rapidly-developing all over the world cloud computing industry in a scientific and timely way.6 As the conclusion of April 2021, the full market place cap of the index is USD 8.9 trillion.7 Innovatively adopting a physical representative sampling strategy to replicate the index, 3194.HK enables Hong Kong buyers to grasp the expense opportunities of cloud computing field in an quick and transparent way.
The pursuit of sensible residing has always been one particular of the enhancement themes of human beings. As the pioneer ETF issuer in Hong Kong, CSOP’s ETFs/ETPs not only actually provide the function of asset allocation, but also the foreseeable future potential clients of expense. The start of 3194.HK is one of the suite of CSOP thematic ETFs that provide upcoming-defining investment decision options.
“CSOP has by now launched a series of long run thematic ETFs. CSOP Cling Seng Tech Index ETF(3033.HK) and CSOP Yinhua CSI 5G Communications Theme ETF(3193.HK)8 visualize strategies of betterment. Now CSOP World-wide Cloud Computing Technological know-how Index ETF(3194.HK) even further demonstrates a extra intelligent notion of lifestyle. Additional CSOP’s upcoming-themed ETFs will come to the marketplace, broadening investors’ imagination of the upcoming financial investment of human beings.” Remarks Melody He, Taking care of Director, Head of Business enterprise Improvement and Merchandise Strategy & Methods.
About CSOP Asset Management Restricted
CSOP Asset Management Restricted (“CSOP”) was started in 2008 as the initially offshore asset manager set up by a regulated asset administration enterprise in China. With a dedicated emphasis on China investing, CSOP manages public and non-public cash, as well as delivering investment advisory companies to Asian and international investors. In addition, CSOP is best acknowledged as an ETF chief in Asia. As of 31 March 2021, CSOP has extra than USD 10 billion in property less than administration.
This materials has not been reviewed by the Securities and Futures Fee.
Issuer: CSOP Asset Management Minimal
You should refer to the supplying files for the index service provider disclaimer.
IMPORANT: Financial investment includes challenges. Financial commitment benefit might increase or drop. Previous functionality info offered is not indicative of upcoming efficiency. Buyers really should refer to the appropriate Prospectus and the Solution Crucial Information Assertion for more facts, which includes merchandise attributes and hazard things. Investors need to not base on this product alone to make expenditure decisions.
CSOP World-wide Cloud Computing Engineering Index ETF (the “Sub-Fund”) is a passively managed index monitoring ETF authorised beneath Chapter 8.6 of the Code on Unit Trusts and Mutual Funds. The shares of the Sub-Fund (the “Shares”) are traded on the Inventory Exchange of Hong Kong Minimal (the “SEHK”) like shares. The Sub-Fund is a bodily ETF and invests generally in US and Hong Kong listed corporations that have enterprise functions in the discipline of cloud computing. The Sub-Fund is denominated in USD.
- The Sub-Fund is not principal certain and your investments may well endure losses. There is no assurance that the Sub-Fund will reach its expense objective.
- The Solactive Worldwide Cloud Computing Technology Index (the “Index”) is a new index. The Sub-Fund may be riskier than other exchange traded money tracking more founded indices with longer working historical past.
- The Index is subject matter to geographical concentration pitfalls as a consequence of tracking the general performance of primarily the US and Hong Kong mentioned providers that have enterprise functions in the discipline of cloud computing. The price of the Sub-Fund could be additional susceptible to adverse economic, political, coverage, overseas trade, liquidity, tax, legal or regulatory celebration impacting the US and Hong Kong markets.
- The trading rate of the Shares on the SEHK is driven by market place variables these as the demand from customers and supply of the Shares. For that reason, the Shares might trade at a significant premium or discount to the Sub-Fund’s NAV.
Make sure you be aware that the over outlined investment hazards are not exhaustive and investors need to study the Prospectus and the Solution Important Facts Statement in depth just before making any investment conclusion.
Disclaimer
CSOP Global Cloud Computing Technology Index ETF is authorized by the Securities and Futures Fee (“SFC”) in Hong Kong. These types of authorization does not indicate any formal recommendation by the SFC. This product and the information contained in this materials shall not be regarded as an present or solicitation of company in any jurisdiction to any human being to whom it is illegal to offer you or solicit organization in this sort of jurisdictions. This materials and the data contained in it are for normal data only and do not constitute economical, professional, investment decision or any other kind of advice in any way and shall not be thought of as an offer you or solicitation to offer in any investment decision goods. If you desire to obtain information on investment decision, you should seek advice from your experienced lawful, tax and economic advisers.
CSOP Asset Administration Minimal (“CSOP”) which prepared this product believes that information and facts in this substance is based upon sources that are believed to be exact, complete, and reputable. However, CSOP does not warrant the accuracy and completeness of the info, and shall not be liable to the recipient or controlling shareholders of the receiver ensuing from its use. CSOP is underneath no obligation to hold the facts up-to-date.
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Make sure you refer to the supplying documents for the index service provider disclaimer.
This content is organized by CSOP and has not been reviewed by the Securities and Futures Commission in Hong Kong.
Issuer: CSOP Asset Administration Confined
1 Source: Gartner, April 2021
2 Source: Gartner, August 2020
3 Supply: IDC Media Center
4 Resource: China Academy of Info and Communications Technological know-how, the White Paper of Cloud Computing, released in July 2020
5 Source: Bloomberg, as of 30 April, 2021. All data for an index prior to its launch day is again-examined. Again-examined functionality demonstrates hypothetical historical effectiveness. The hypothetical efficiency figure is for illustrative purpose only. Not indicative of precise long term general performance, which could differ significantly.
6 Supply: Solactive AG
7 Supply: Solactive AG, Bloomberg
8 CSOP Yinhua CSI 5G Communications Concept ETF is a feeder fund. Its learn fund, Yinhua CSI 5G Interaction ETF, is not approved by the Securities and Futures Fee for immediate presenting to the public in Hong Kong.
