CSOP GLOBAL SMART DRIVING INDEX ETF (3162.HK) TO LIST ON THE HKEX

CSOP Global Smart Driving Index ETF (stock ticker: 3162.HK) (Photo: Business Wire)

KUALA LUMPUR, Aug 11 (Bernama) -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP Global Smart Driving Index ETF (stock ticker: 3162.HK) on the Hong Kong Stock Exchange (the HKEX).

According to a statement, CSOP Global Smart Driving Index ETF (3162.HK) will track the performance of the Solactive Global Smart Driving Index (the Index).

With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99 per cent, CSOP Global Smart Driving Index ETF will start to trade on Aug 12.

Upon inception, CSOP Global Smart Driving Index ETF (3162.HK) has received around US$5.3 million initial investment. (US$1 = RM4.240)

Smart driving refers to a whole advanced and integrated industry chain of automobiles, which includes electric vehicles (EV), biodiesel fuel and battery system, autonomous control electronics, semiconductors manufacturing and other related industries.

The Solactive Global Smart Driving Index comprehensively invests in up to 50 most representative global leaders listed on US, mainland China and Hong Kong.

These companies represent advanced technological progress in the smart driving industry, focusing on electric vehicles, semiconductor manufacturing and related innovative sectors.

As an established ETF manager in Hong Kong, CSOP has always been dedicated to providing ETFs/ETPs to global investors for nine years.

The launch of CSOP Global Smart Driving Index ETF (3162.HK) further completes CSOP’s thematic ETF spectrum.

-- BERNAMA