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HKEx listed, Stock Code: 02812 SAMSUNG CSI China Dragon Internet ETF

Key Features
  • Capture the fast growth of 30 Chinese Internet companies led by Baidu, Alibaba, and Tencent
  • China is already a major player in digital technologies both locally and globally, and it has enormous growth potential backed by a large and young Chinese demographic
  • The Chinese government’s active and continued support for the listing of new economy corporations
Important Information
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The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Global China Internet Index (the “Index”).
 
What is this Product? 
Samsung CSI China Dragon Internet ETF (the “Sub-Fund”) is a sub-fund of Samsung ETFs Trust II, which is an umbrella unit trust established under Hong Kong law.  The units of the Sub-Fund (“Units”) are listed on The Stock Exchange of Hong Kong Limited (the “SEHK”).  These Units are traded on the SEHK like listed stocks.  The Sub-Fund is a passively managed index tracking exchange traded fund under Chapter 8.6 and Appendix I of the Code on Unit Trusts and Mutual Funds (the “Code”). The Sub-Fund is a physical ETF which invests directly in the constituent securities of the Index (as defined below). 
 
1. General investment risk
  • The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses.  There is no guarantee of the repayment of principal.
 
2. Currency risk
  • Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund. The Net Asset Value of the Sub-Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
 
3. Equity market risk
  • The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
 
4. Internet and technology sector concentration risks
  • The Sub-Fund’s investments are concentrated in the internet and technology sector, in PRC based companies.  The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
 
  • Companies in the software, internet and related services industries are often smaller and newer, and are characterized by relatively higher volatility in price performance when compared to other economic sectors. Rapid changes in the market and intense competition in the internet and technology sector which may have an adverse effect on profit margins, causing investments in such companies to be more volatile. Moreover, the internet business is subject to complex laws and regulations which may be costly to comply with. There may also be substantial government intervention, such as restrictions on investments in internet companies or access to internet products and services.  All of these may adversely affect the profitability of the companies in the sector in which the Sub-Fund invests and the value of the Sub-Fund’s investments.
 
5. PRC market risks
  • The Sub-Fund’s investments are concentrated in the PRC.  The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the PRC market.
 
  • The A-Share market in the PRC is highly volatile and may be subject to potential settlement difficulties.  Prices of A-Shares may rise and fall significantly and may fluctuate to a greater degree than more developed markets.  Such volatility may result in suspension of A-Shares or imposition of other measures by the PRC authorities affecting the dealing/trading of Units and adversely affecting the value of the Sub-Fund.
 
  • Securities exchanges in the PRC typically have the right to suspend or limit trading in any security traded on the relevant exchange.  The PRC government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Sub-Fund.
 
6. Distributions out of or effectively out of capital risks
  • Payment of dividends out of capital 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 may result in an immediate reduction in the Net Asset Value per Unit of the Sub-Fund.
 
7. Stock Connect associated risk
  • The relevant rules and regulations on 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 Stock Connect is effected, the Sub-Fund’s ability to invest in A-Shares or access the PRC market through the programme will be adversely affected.  In such event, the Sub-Fund’s ability to achieve its investment objective could be negatively affected.
 
8. RMB currency and conversion risks
  • RMB is currently not freely convertible and is subject to exchange controls and restrictions.  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.
 
  • Any depreciation of RMB could adversely affect the value of any investor’s investment in the Sub-Fund.  Investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the Sub-Fund base currency (HKD) will not depreciate.
 
9. Securities lending transactions risks
  • The borrower may fail to return the securities in a timely manner or at all. The Sub-Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Sub-Fund’s ability in meeting delivery or payment obligations from redemption requests and may trigger claims.
 
  • There is a risk that the collateral received may be realized at a value lower than the value of the securities lent, whether due to inaccurate pricing of the collateral, adverse market movements in the value of the collateral, intra-day increase in the value of the securities lent, a deterioration in the credit rating of the collateral issuer, or the illiquidity of the market in which the collateral is traded. This may result in significant losses for the Sub-Fund if the borrower fails to return the securities lent out.
 
  • By undertaking securities lending transaction, the Sub-Fund is exposed to operational risks such as delay or failure of settlement. Such delays or failure may restrict the Sub-Fund’s ability in meeting delivery or payment obligations from redemption requests and may trigger claims.
 
10. Passive investments risk
  • The Sub-Fund is passively managed and the Manager will not have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund.  Falls in the Index are expected to result in corresponding falls in the value of the Sub-Fund.
 
11. Tracking error risk
  • The Sub-Fund may be subject to tracking error risk, which is the risk that its performance may not track that of the Index exactly.  This tracking error may result from the investment strategy used and/or fees and expenses.  The Manager will monitor and seek to manage such risk and minimize tracking error.  There can be no assurance of exact or identical replication at any time of the performance of the Index.
 
12. Trading risks
  • The trading price of Units on the SEHK is driven by market factors such as the demand and supply of Units.  Therefore, the Units may trade at a substantial premium or discount to the Sub-Fund’s Net Asset Value.
 
  • As investors will pay certain charges (e.g. trading fees and brokerage fees) to buy or sell Units on the SEHK, investors may pay more than the Net Asset Value per Unit when buying Units on the SEHK, and may receive less than the Net Asset Value per Unit when selling Units on the SEHK.
 
13. Trading differences risks
  • As the stock exchanges in which the Sub-Fund invests may be open when Units are not priced, the value of the securities in the Sub-Fund’s portfolio may change on days when investors will not be able to purchase or sell the Sub-Fund’s Units.
 
  • Differences in trading hours between the stock exchanges and the SEHK may also increase the level of premium or discount of the Unit price to Sub-Fund’s Net Asset Value.
 
  • Shares listed on certain stock exchanges are subject to trading bands which restrict increase and decrease in the trading price, while Units listed on the SEHK are not.  This difference may also increase the level of premium or discount of the Unit price to Sub-Fund’s Net Asset Value.
 
14. Termination risks
  • The Sub-Fund may be terminated early under certain circumstances, for example, where the Index is no longer available for benchmarking or if the size of the Sub-Fund falls below HKD40 million. Investors may not be able to recover their investments and suffer a loss when the Sub-Fund is terminated.
 
15. Reliance on market maker and liquidity risks
  • Although the Manager will ensure that at least one Market Maker will maintain a market for the Units, and that at least one Market Maker gives not less than 3 months’ notice prior to terminating market making arrangement under the relevant market maker agreement, liquidity in the market for Units may be adversely affected if there is no or only one Market Maker for the Units.  There is also no guarantee that any market making activity will be effective.
Fund Objective and Investment Strategy
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Investment Objective The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Global China Internet Index (the “Index”). There can be no assurance that the Sub-Fund will achieve its investment objective.
Investment Strategy Full replication
Underlying Index CSI Global China Internet Index
Product Base Currency HKD
Trading Currency HKD
Creation/ Redemption Cash (in HKD only) or a combination of cash (in HKD only) and in-kind
Dividend

Annually (usually in March of each year) (if any) in HKD subject to the Manager’s discretion. Distributions may not be paid if the cost of the Sub-Fund’s operations is higher than the yield from management of the Sub-Fund’s cash and holdings of investment products. Distributions may be made out of capital or effectively out of capital as well as income at the Manager’s discretion.

Manager Samsung Asset Management (Hong Kong) Limited
Registrar Tricor Investor Services Limited
iNAV Calculation Agent ICE Data

 

  • Provides investment results that, before fees and expenses, closely correspond to the performance of the CSI Global China Internet Index (the “Index”).
  • Passively managed
  • Full replication
Appropriation
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Leverage No
Actively Managed No
Swap Base No
Derivatives Base No
Securities Lending No
Intra-day Estimated NAV
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Market Information
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  Date Last Change Change(%)
Official NAV per Unit in HKD 20181213 10.7401 0.0540 0.51
Closing Price per Unit in HKD 20181213 10.7000 0.2200 2.10
Fund Information
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Fund Inception Date 19 Jun, 2018
SEHK Listing Date 20 Jun, 2018
Financial Year 31 March
Asset Class Equity
Equity Exposure Stock-Based
Domicile Hong Kong
Total NAV(HKD) 103,104,721.06 as of 2018/12/13
Outstanding Units 9,600,000 as of 2018/12/13
Management Fee 0.65% of NAV per annum
Trustee Fee 0.10% of NAV per annum, subject to a monthly minimum of USD2,000
Ongoing Charges Over a Year^ (Annual Average Daily Ongoing Charges) Estimated to be 1.8%
Base Currency HKD
  • The estimated ongoing charges do not represent the estimated tracking error. The actual figure may be different from the estimated figure and may vary from year to year.
Index Information
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Underlying Index CSI Global China Internet Index
Index Description The CSI Global China Internet Index (the “Index”) measures the performance of the Chinese companies which are listed (in the PRC or overseas) and whose primary business or businesses are focused on internet and internet-related technology. The Index adopts a free float-adjusted market capitalization weighted methodology with a 15% cap on individual constituent weightings. The index is a price return index. A price return index calculates the performance of the index constituents without adjustments for cash dividends or warrant bonuses
Index Provider China Securities Index Co., Ltd
Currency HKD
Trading Information
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Exchange Hong Kong Stock Exchange – Main Board
Date of Listing / Dealing 20 June 2018
Primary Exchange Time Zone GMT+8
Exchange Ticker 2812
Bloomberg Ticker 2812 HK
ISIN HK0000422805
Trading Board Lot 200 Unit
Trading Currency HKD

 

 

Participating Dealer
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CLSA Limited ABN AMRO Clearing Hong Kong Limited
Deutsche Securities Asia Limited Canfield Securities Company Limited
Haitong International Securities Company Ltd  

 

Market Maker
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AP Capital Management (Hong Kong) Limited Flow Traders Hong Kong Limited
Index Disclaimer
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CSI Global China Internet Index (the “Index”) is calculated by China Securities Index Co., Ltd (“CSI”). All rights in the Index vest in CSI. All information is provided for information purposes only.  CSI does not make any warranties, express or implied, to any of its customers or anyone else regarding the accuracy or completeness of any data related to the Index. CSI accepts no liability to any person for any errors of information or of the Index (whether due to negligence or otherwise) or for any loss arising from the use of information or the Index, nor shall it be under any obligation to advise any person of any error therein. The Sub-Fund based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto.

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