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| CSOP CSI 500 ETF (Photo: Business Wire) |
HONG KONG, March 18 (Bernama-BUSINESS WIRE) -- CSOP Asset Management Limited (“CSOP”) is proud to announce the listing of CSOP CSI 500 ETF (stock ticker: HKD counter 3005.HK/ RMB counter 83005.HK) on Hong Kong Stock Exchange, enabling global investor to get access to the China A-shares benchmark reflecting the performance of small-mid capitalization stocks. With listing price at approximate HKD 16 per unit, trading lot of 200 and management fee of 0.99%, CSOP CSI 500 ETF will start to trade on March 19, 2020 as the only ETF tracking CSI 500 Index (“CSI 500”) in China offshore market. Upon inception, CSOP CSI 500 ETF received USD 100mn initial investment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200318005196/en/
Same as the FTSE China A50 Index (“China A50 Index”) and CSI 300 Index (“CSI 300”), the CSI 500 is a China A-shares benchmark. Different from the China A50 Index and CSI 300 tracking performance of large capitalization stocks, CSI 500 aims to reflect the overall performance of small-mid capitalization stocks. Consisting of the 500 stocks after the largest 300 stocks in terms of market capitalisation and liquidity from the entire universe of listed A-Shares, the CSI 500 had a total free-float market capitalisation of RMB 8,520.9 billion as of Dec 31, 2019.1 Considered as one of the most important China onshore equity market benchmarks, the total size of China onshore ETFs tracking CSI 500 was around RMB 70bn and the largest ETFs in onshore China is also tracking CSI 500 with broad and solid investor base.2
http://mrem.bernama.com/viewsm.php?idm=36980
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