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Global X MSCI China ETF (Stock Code: 3040)
Important information about Global X MSCI China ETF
- Global X MSCI China ETF (the “Fund”) is an exchange traded fund and seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the MSCI China Index (the "Underlying Index"). The Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Fund may suffer losses.
- The Fund has a portfolio investing in companies whose operations are primarily in the PRC and therefore is subject to emerging market risks. Generally, investment in emerging markets such as the PRC are subject to a greater risk of loss than investing in a developed market due to greater political, economic, taxation and regulatory uncertainty and risks linked to volatility and market liquidity.
- The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region i.e. PRC. The Fund may be more volatile than a broad-based fund, such as a global equity fund, as it is more susceptible to fluctuations in value of the Underlying Index resulting from adverse conditions in the PRC. The weighting of the Underlying Index is concentrated on a small number of constituents of the Underlying Index, in which case, the Underlying Index would be more easily affected by the price movements of a small number of index constituents than an index which is more broadly based.
- The rules and regulations relevant to Stock Connect are subject to change which may have potential retrospective effect. Stock Connect is subject to quota limitations. Where a suspension in the trading through the programme is effected, the Fund’s ability to invest in A-Shares or access the PRC market through the programme will be adversely affected. In such event, the Fund’s ability to achieve its investment objective could be affected.
- The Fund may invest in RMB denominated investments. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Investors are therefore exposed to foreign exchange risk and there is no guarantee that the value of RMB will not depreciate against the investors’ base currencies (e.g. Hong Kong dollars). Any depreciation of RMB could adversely affect the value of investor’s investment in the Fund.
- Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors.
- There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised via Stock Connect on the Fund’s investments in the PRC (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
- Based on professional and independent tax advice, the Fund does not currently make any withholding corporate income tax provision on the gross realised or unrealised capital gains derived from the trading of A-Shares.
- The Fund is not “actively managed”, therefore when there is a decline in the Underlying Index, the Fund will also decrease in value. Mirae Asset Global Investments (Hong Kong) Limited (“the Manager”) will not adopt any temporary defensive positions against any market downturn. Investors may lose part or all of their investment.
- Generally, retail investors can only buy or sell units of the Fund (”Units”) on the Stock Exchange of Hong Kong Limited (“HKEx”). The trading price of the Units on the HKEx is driven by market factors, such as demand and supply of the Units. Therefore the Units may trade at a substantial premium or discount to its net asset value (”NAV”).
- Due to fees and expenses of the Fund, liquidity of the market and changes to the regulatory policies, the Fund’s return may deviate from that of the Underlying Index.
- Dividend distributions are not guaranteed, and therefore, investors may not receive any dividends from the Fund.
- Investment involves risk. Investors may lose part or all of their investment. Investors should not base on this website alone to make investment decisions. Before making any investment decision, prospective investor should read the Fund’s offering documents, which is available on this website, carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice. The contents of this website is prepared and maintained by the Manager and has not been reviewed by the Securities and Futures Commission of Hong Kong (”SFC”).
All dollar amounts are in HKD and all dates are in GMT+8 Time, unless otherwise specified.
Fund objective and investment strategy
The Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index.
The Manager intends to invest all, or substantially all, of the assets of the Fund directly in substantially all securities constituting the Underlying Index in substantially the same weightings as these securities have in the Underlying Index to achieve the investment objective of the Fund (“Replication Strategy”).
Where the adoption of a Replication Strategy is not efficient or practicable or is otherwise at the Manager’s absolute discretion, the Manager may hold a representative sample of the constituent securities of the Underlying Index selected by the Manager using quantitative analytical models to derive a portfolio sample ("Representative Sampling Strategy"). Investors should note that the Manager may switch between the Replication Strategy and the Representative Sampling Strategy without prior notice to investors, in its absolute discretion.
In relation to the Sub-Fund’s investments in A-Shares, the Manager will invest via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively, the “Stock Connect”).
The Manager has no intention to invest in financial derivatives instruments (or to adopt a synthetic replication strategy) nor to engage in securities lending or repurchase transactions in respect of the Fund. Any change in the Manager’s intention to enter into any of the above transactions in respect of the Fund is subject to prior approval of the SFC and not less than one month’s prior notice (or such other notice period as agreed with the SFC) will be given to unitholders should there be a change in such intention.
Estimated NAV per Unit [1]
- --
- $ --
- --
- $ --
Daily NAV per Unit [3] as of 5 Sep 2024
- NAV
- $ 24.45
- Change ($)
- $ 0.00
- Change (%)
- -0.04%
Fund information as of 5 Sep 2024
- Fund Inception Date
- 11 Jun 2013
- Listing date on the HKEx
- 17 Jun 2013
- Financial year end of the Fund
- Ending 31 Mar each year
- Ongoing charges over a year
- 0.31% per annum of NAV [7]
- Management Fee
- Up to 0.049% per annum of the NAV accrued daily and calculated as at each Dealing Day.
- Distribution Frequency
- Annually at the Manager's discretion (May in each year)
Index information [4] {{ indexasofdate | madate:plocale}}
- Underlying Index
- MSCI China Index[8]
- Base Currency
- HKD
- Closing Level
- {{ closing | number:2 }}
- Change
- {{ pricechange | number:2 }}
- Change %
- {{ pctchange | number:2 }} %
Trading information
- Exchange
- Hong Kong Stock Exchange
- Stock Code
- 3040
- ISIN
- HK0000151925
- Board Lot Size
- 100 Units
- Trading Currency
- HKD
- Total NAV
- $ 4,738,957,978.63
- Outstanding Units
- 193,800,000
Top 10 holdings as of 7 Aug 2024
- 16.90%
- TENCENT HOLDINGS LTD
- 8.39%
- ALIBABA GROUP HOLDING LTD
- 4.37%
- PDD HOLDINGS INC
- 3.78%
- MEITUAN-CLASS B
- 3.67%
- CHINA CONSTRUCTION BANK
- 1.96%
- IND & COMM BK OF CHINA
- 1.86%
- BANK OF CHINA LTD
- 1.84%
- NETEASE INC
- 1.71%
- XIAOMI CORP-CLASS B
- 1.63%
- JD.COM INC-CLASS A
As a percentage of NAV
Participating dealers [5]
- ABN AMRO Clearing Hong Kong Limited
- BNP Paribas Securities Services
- CIMB Securities Limited
- Goldman Sachs (Asia) Securities Limited
- Guotai Junan Securities (Hong Kong) Limited
- Macquarie Bank Limited
- Merrill Lynch Far East Limited
- Mirae Asset Securities (HK) Limited
- Morgan Stanley Hong Kong Securities Limited
- Nomura International (Hong Kong) Limited
- SG Securities (HK) Limited
- Shenwan Hongyuan Securities (H.K.) Limited
- UBS Securities Hong Kong Limited
Market makers [6]
- [1]
- Estimated NAV per unit is indicative only and is provided on a 15-second delayed basis by Interactive Data Managed Solutions. (See terms and conditions) and is updated during trading hours of the HKEx.
- [2]
- Market prices are provided on a 15-minute delayed basis by Interactive Data Managed Solutions. (See terms and conditions)
- [3]
- Performance is calculated on NAV to NAV basis in HKD. Change indicates the change since the previous business day. For more information on calculation of NAV, please refer to the Prospectus.
- [4]
- Index returns are for illustrative purposes only and should not be taken as an indication or guarantee of future performance. Management fees, transaction costs or other expenses are not reflected in index returns. Change indicates the change since the previous business day’s closing index level. (Source: MSCI Inc.).
- [5]
- Additional Participating Dealer(s) will be appointed from time to time.
- [6]
- Additional Market Maker(s) will be appointed from time to time.
- [7]
- The ongoing charges figure is based on expenses incurred for the financial year ended 31 March 2020, expressed as a percentage of the Sub-Fund’s average net asset value over the same period. This figure may vary from year to year.