CSOP Global Cloud Computing Technology Index ETF now on HKEX

KUALA LUMPUR, May 17 -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP Global Cloud Computing Technology Index ETF (stock ticker: 3194.HK) on the Hong Kong Stock Exchange (HKEX).

Based on a statement, 3194.HK will track the performance of the Solactive Global Cloud Computing Technology Index.

With listing price at around HKD15.53 per unit, trading lot of 100 shares and annual management fee of 0.99 per cent, CSOP Global Cloud Computing Technology Index ETF has started to be traded. (HKD100 = RM53.252) Upon inception, 3194.HK has received around US$9.37 million initial investment. (US$1 = RM4.134) Comprehensively investing in the 50 most representative US and Hong Kong listed companies with global operations in the field of cloud computing, the Solactive Global Cloud Computing Technology Index returns 54 per cent over the prior 12 months. Weighted by free-float market capitalisation of constituents and rebalanced quarterly, the index aims to capture the overall performance of the fast-growing worldwide cloud computing industry in a scientific and timely manner.

Innovatively adopting a physical representative sampling strategy to replicate the index, 3194.HK enables Hong Kong investors to grasp the investment opportunities of the cloud computing industry in an easy and transparent way. The launch of 3194.HK is one of the suite of CSOP thematic ETFs that offer future-defining investment opportunities.

-- BERNAMA