CSOP announces listing of CSOP FTSE Vietnam 30 ETF (3004.HK) on HKEX

CSOP FTSE Vietnam 30 ETF (3004.HK) (Graphic: Business Wire)

KUALA LUMPUR, Sept 20 (Bernama) -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP FTSE Vietnam 30 ETF (3004.HK) on the Hong Kong Stock Exchange (HKEX).

“Leveraging on our time-tested ETF management expertise, CSOP is confident to introduce this Vietnam-themed ETF product, focusing on access to the frontier market, to Hong Kong investors,” said Chief Executive Officer of CSOP, Ding Chen in a statement.

“We look forward to bringing more new concept ETFs to Asia, the fast-growing ETF market, with various cost-effective options for investors to diversify their portfolios.”

3004.HK will adopt a combination of physical and synthetic representative sampling strategy, investing up to 100 per cent of its net asset value in a representative portfolio of securities that collectively has a high correlation with FTSE Vietnam 30 Index, to achieve its investment objective.

With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99 per cent, 3004.HK begins trading on Sept 20, 2022. Upon inception, 3004.HK has received around US$6.5 million initial investment. (US$1 = RM4.547)

The FTSE Vietnam 30 Index comprises the largest 30 Vietnam companies by full market capitalisation that are traded on Ho Chi Minh Stock Exchange.

It comprehensively covers sectors including real estate, consumer stables, industrials and financials, which can capture the essence of Vietnam economy while reducing volatility.

The index is free-float adjusted and liquidity screened, with the maximum weight of constituents of the Index capped at 10 per cent. FTSE Vietnam 30 Index achieved a positive return of 19 per cent in 2020, doubled to 38 per cent in 2021.

-- BERNAMA