CSOP FTSE Vietnam 30 ETF (3004.HK) to List on HKEX

HONG KONG–(BUSINESS WIRE)–CSOP Asset Management Limited (�CSOP”) is honored to announce the listing of CSOP FTSE Vietnam 30 ETF (3004.HK) on the Hong Kong Stock Exchange (“HKEX”). 3004.HK will adopt a combination of physical and synthetic representative sampling strategy, investing up to 100% 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 objective¹. With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99%, 3004.HK will start to trade on 20 September 2022. Upon inception, 3004.HK has received around USD 6.5 million initial investment.

Supported by favorable global and domestic environment, Vietnam’s GDP explosively expanded 15 times in the past 25 years². Vietnam is also the only Southeast Asian country achieved positive economic growth for the most recent two consecutive years from 2020 to 2021 amid Covid-19³. Vietnam’s fast-growing economy and equity market have been driven by multiple factors including continuous inflows of foreign direct investment (FDI), stable domestic political environment equipped with renovation policies, and together with a favorable demographic structure. The Vietnam’s FDI has been steady ever since it joined WTO in 2007. The FDI continues to grow with compound annual growth rate (CAGR) of registered capital as high as 8%⁴. Vietnam has been on the minds of many investors such as Apple, LG, and Panasonic who choose Vietnam to diversify their manufacturing operations. To stimulate economy, Vietnam has also launched a series of policies that promote development such as “Renovation Policy” including income tax incentive introduced in January 2015 for manufacturing enterprises⁵. From a demographic perspective, Vietnam has nearly 100 million population aged from 15 to 60 with 95% literacy rate⁶. Young population and low urbanization rate reflect potential. With all these advantages in consideration, International Monetary Fund (IMF) forecasted that Vietnam will be one of the fastest growing economies in Southeast Asia⁷.

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%. FTSE Vietnam 30 Index achieved a positive return of 19% in 2020, doubled to 38% in 2021⁸.

ETF is the best way to tap into the frontier market of Vietnam given its local investment restrictions and higher risk inherent. As an award-winning ETF manager, CSOP offers a simple and convenient access to Vietnam’s growth opportunities with a combination of physical and synthetic representative sampling strategy.

Ding Chen, CEO of CSOP comments, “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. 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.”

About CSOP Asset Management Limited

CSOP Asset Management Limited (“CSOP”) was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. In addition, CSOP is best known as an ETF leader in Asia. As of 31 August 2022, CSOP has more than USD 12 billion in assets under management.

Issuer: CSOP Asset Management Limited

Please refer to the offering documents for the index provider disclaimer.

IMPORTANT INFORMATION

IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this website alone to make investment decisions. The CSOP FTSE Vietnam 30 ETF (the “Sub-Fund”) is a sub-fund of the CSOP ETF Series OFC (the “Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Sub-Fund is a passively managed index tracking ETF authorised under Chapter 8.6 of the Code on Unit Trusts and Mutual Funds (the “Code”) issued by the Securities and Futures Commission (the “SFC”). The shares of the Sub-Fund (the “Shares”) are traded on The Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks.

Index Provider Disclaimer:

The Sub-Fund has been developed solely by the Manager. The Sub-Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Vietnam 30 Index (the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under licence. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Sub-Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Sub-Fund or the suitability of the Index for the purpose to which it is being put by the Manager.

¹ For details, please refer to the Prospectus and Product Key Facts Statement

² Wind, 1997-2021

³ IMF, 1 January 2020 to 31 December 2021

⁴ GSO of Vietnam, CBRE Research 4Q2021

⁵ KPMG

⁶ CIA World Factbook, 2020

⁷ IMF, 1992-2027E (Estimated)

⁸ Bloomberg, 1 January 2020 to 31 December 2021

Contacts

For further information, please contact

CSOP Asset Management Limited

Larry Wang / 3406 5613 / larry.wang@csopasset.com
Tina Shu/ 3406 5675/ tina.shu@csopasset.com
This material has not been reviewed by the Securities and Futures Commission.