KUALA LUMPUR, Jan 31 (Bernama) -- CSOP Nikkei 225 Index ETF (3153.HK) has been listed on the Hong Kong Stock Exchange, with a listing price of about HKD78 per unit, making it the first Nikkei 225 Index exchange-traded fund (ETF) in Hong Kong.
In order to track the performance of the Nikkei 225 Index, 3153.HK deploys a full replication strategy, with trading lot of 10, and management fee of 0.99 per cent of the ETF’s net asset value per year, receiving an initial investment of US$13 million. (US$1=RM4.72)
CSOP chief executive officer, Ding Chen said as an ETF issuer trusted by investors in the Asia Pacific region, the company has always been committed to providing comprehensive and diversified investment products.
“At present, we manage 48 ETF and ETP products, asset classes across equity, fixed income, commodity futures, thematic investment, money market, and virtual assets.
“The first Nikkei 225 Index ETF listed in Hong Kong by us will further enrich our product line and provide investors with a flexible and transparent channel to invest in the Japan market,” she said in a statement.
Nikkei 225 Index rose by 30 per cent in 2023, making Japan the highest returning stock market among major global markets, and it surged above 34,000 points, at the beginning of this year, setting a new high since March 1990.
This ETF provides a convenient and low-cost trading tool for Hong Kong investors interested in the Japanese market. Nikkei 225 Index includes the 225 most representative stocks listed on the Prime Market of the Tokyo Stock Exchange.
The constituents are selected based on their liquidity in the market and sector balance, including but not limited to industries like technology, consumer goods, industrial materials, and capital goods.
The index is a net total return index, which means that it reflects the reinvestment of dividends or distributions, after deduction of any withholding tax, and is denominated and quoted in Japanese yen.
-- BERNAMA
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