1670492947

Global X FTSE China Policy Bank Bond ETF

3041 HKD

Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X FTSE China Policy Bank Bond ETF (the “Fund”) seeks to provide investment results that, before the deduction of fees and expenses, closely correspond to the performance of the FTSE Chinese Policy Bank Bond Index (the “Index”). 
  • Investing in the PRC inter-bank bond market via the Foreign Access Regime and/or the Bond Connect is subject to regulatory risks and various risks such as volatility risk, liquidity risk, settlement and counterparty risk as well as other risk factors typically applicable to fixed income securities. The relevant rules and regulations of the Foreign Access Regime and the Bond Connect are subject to change which may have potential retrospective effect. If a counterparty defaults in delivering securities, the trade may be cancelled which may adversely affect the value of the Fund.
  • The base currency of the Fund is RMB but the Units are traded in HKD. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors are exposed to foreign exchange risk.
  • The Index is subject to concentration risk as a result of tracking the performance of a single geographical region, namely the PRC and is concentrated in bonds of a few issuers (being the PRC policy bank bond issuers).
  • The Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with an investment in more developed markets, such as liquidity risk, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
  • Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of the capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
  • The trading price of the Fund unit (the “Unit”) on the Stock Exchange of Hong Kong is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund’s net asset value.

Why Invest ?

High Quality

The Global X FTSE China Policy Bank Bond ETF tracks the FTSE Chinese Policy Bank Bond Index, which has a market value of 18 trillion CNY and an index credit rating of A+*.

*Source: FTSE, Mirae Asset Global Investments, as of September 2022

Low Volatility

China policy bank bonds are relatively defensive compared to global government bonds, global investment grade credit, and global aggregate credit with 5-year annualized volatility as low as 1.7%^.

^Source: Bloomberg, September 2022

Reliable Source of Income

By investing in a diversified basket of RMB-denominated China policy bank bonds, the Fund helps investors diversify their portfolios and generate relatively stable income.

Fund InformationAs of 7 Dec 2022

Fund Inception Date 18 Oct 2022
SEHK Listing Date 19 Oct 2022
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year ^ 0.3%
Distribution Frequency Semi-annually at the Manager’s discretion (March and September) *
^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click to learn more. * Dividend is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion. Please refer to the IMPORTANT INFORMATION section above and the Fund’s prospectus for further details.

Index Information 1 As of 7 Dec 2022

Underlying Index FTSE Chinese Policy Bank Bond Index 2
Index Type Net Total Return
Base Currency RMB
Closing Level 167.16
Change 0.03
Change % 0.02%
Index Yield to Maturity 2.6%#
Index yield to maturity is not equivalent to yield/return of the fund;
positive yield does not mean positive return.
Index Duration 4.6#
No. of Holdings 142#

ETF Objective

The Fund is a passive ETF seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the FTSE Chinese Policy Bank Bond Index (the “Index”).

# Source: Mirae Asset Global Investments (Hong Kong) Limited., as of Sep 2022.

Trading InformationAs of 7 Dec 2022

Exchange Hong Kong Stock Exchange
Stock Code 3041
ISIN HK0000866993
Board Lot Size 50 Units
Trading Currency HKD
Total Net Asset Value $42,437,264.89
Outstanding Units 765,000

Near Real Time Estimated NAV per Unit4 As of 8 Dec 2022

HKD
12:00pm 55.4664
04:00pm 55.4926

* Market prices are provided on a 15-minute delayed basis by ICE Data Services. (See terms and conditions)

Daily NAV per Unit5As of 7 Dec 2022

NAV Change % Change
Official NAV per Unit in RMB $49.68 $0.01 0.02%
NAV per Unit in HKD3 $55.47 $0.01 0.02%

Performance


Cumulative Return Fund NAV (%) Benchmark (%)
1 Mth - -
3 Mths - -
6 Mths - -
1 Yr - -
YTD - -
Since Inception - -
Calendar Year Return Fund NAV (%) Benchmark (%)
2021 - -
2020 - -
2019 - -
2018 - -
2017 - -
2016 - -
2015 - -
2014 - -
2013 - -
2012 - -
2011 - -
2010 - -
Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.
• These figures show by how much the Fund increased or decreased in value during the calendar year shown.
• Performance data has been calculated in RMB including ongoing charges and excluding trading costs on SEHK you might have to pay.
• Where no past performance is shown there was insufficient data available in that year to provide performance.
• The Index of the Fund is FTSE Chinese Policy Bank Bond Index.
• Fund launch date: 18 Oct 2022.

Holdings Overview As of 7 Dec 2022

Total Net Asset Value (in HKD) Total Net Asset Value (in RMB) Number of Bonds Bonds Cash and Cash Equivalent (%)
42,437,264.89 38,005,789.80 15 98.19 1.81

Daily HoldingsAs of 7 Dec 2022

Name of Bond ISIN Market Price (in RMB) Market Value (in RMB) Net Assets (%)
SDBC 3.09 06/18/30 CND10003BX04 100.6 3,722,107.50 9.79
ADBCH 3.06 06/06/32 CND100054BC8 99.75 3,690,576.10 9.71
ADBCH 2.74 02/23/27 CND10004SDM2 99.43 3,678,743.50 9.68
ADBCH 2.46 07/27/25 CND10005H377 99.23 3,671,521.10 9.66
SDBC 3.09 08/09/28 CND10004JK34 100.78 3,527,279.00 9.28
SDBC 3 06/17/24 CND100049188 100.59 3,118,299.30 8.20
SDBC 2.59 03/17/25 CND10004T3K4 99.75 2,992,419.00 7.87
SDBC 2.99 03/01/29 CND10004SKD6 100.47 2,913,751.80 7.67
EXIMCH 2.57 06/10/25 CND100054QC6 99.51 2,039,891.45 5.37
EXIMCH 3.38 07/16/31 CND10004BNT2 102.49 1,947,218.80 5.12
EXIMCH 2.82 06/17/27 CND100058VQ7 99.62 1,793,138.40 4.72
SDBC 2.22 08/25/25 CND10005LHT0 98.83 1,778,941.80 4.68
EXIMCH 2.33 05/16/24 CND10004TPT9 99.64 1,295,364.20 3.41
SDBC 3.9 08/03/40 CND10003HJY9 106.42 744,949.10 1.96
EXIMCH 3.18 03/11/32 CND10004T1Y9 100.74 402,948.00 1.06
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.
20221207.01870.01705209384755167.1634

Tracking Difference / Error

Tracking Difference / Tracking Error

Tracking Difference
Tracking difference is the return difference between the Fund and the Underlying Index over a certain period of time.
Tracking Error
Tracking error measures how consistently the Fund follows the Underlying Index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference (TD)

Fund Listing Date:19 Oct 2022

Estimated Annual TD: -2.00%

TD (Since Listing): N/A%


Tracking Error (TE)

Fund Listing Date:19 Oct 2022

Rolling 1 Year TE^ :N/A%

^ Annualized based on the number of dealing days in the past year when daily TD is calculated.


Graph for Tracking Difference

ETFs performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution.

Hover over the chart points for details

Market Makers 6

Mirae Asset Securities Co., Ltd

Jane Street Asia Trading Limited

Participating Dealers 7

China Merchants Securities (HK) Co., Limited,

Haitong International Securities Company Limited,

Mirae Asset Securities (HK) Limited

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The information contained in this website is for information purposes only and does not, constitute any recommendations, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance.

Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments.

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”), the Manager of the Product, has, to the best of its endeavor, ensured that such, information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for, any loss or damage of any kind resulting out of the unauthorized use of this website.

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