ChinaAMC HSI ESG ETF Summary
Core Content
- Fund Name: ChinaAMC HSI ESG ETF
- Series: ChinaAMC Global ETF Series
- Trading Codes:
- HKD: 03403
- RMB: 83403
- USD: 09403
- Type: Passively managed ETF, tracking the HSI ESG Enhanced Index
- Listing: The Stock Exchange of Hong Kong Limited (SEHK), launched on 10 November 2022
- Objective: To provide investment results that closely correspond to the performance of the HSI ESG Enhanced Index before fees and expenses
- ESG Focus: The Index aims to measure the overall performance of the Hong Kong stock market combined with ESG initiatives, aiming for at least a 20% improvement in ESG Risk Rating over the Hang Seng Index
Main Points
Investment Strategy
- The Fund primarily uses a full replication strategy, investing directly in securities included in the Index in substantially the same weightings.
- In cases where full replication is not feasible, the Manager may use a representative sampling strategy, with a maximum deviation of 4% from the Index weighting.
Performance Overview (Total Returns)
| Index/Counter |
1-Month |
3-Month |
Since Launch |
| The Index |
4.11% |
7.63% |
46.54% |
| HKD Counter (NAV-to-NAV) |
4.03% |
7.52% |
45.72% |
| HKD Counter (Market-to-Market) |
4.06% |
7.29% |
45.60% |
| RMB Counter (NAV-to-NAV) |
3.50% |
5.12% |
43.86% |
| RMB Counter (Market-to-Market) |
3.58% |
5.02% |
43.44% |
| USD Counter (NAV-to-NAV) |
3.91% |
6.55% |
45.72% |
| USD Counter (Market-to-Market) |
4.07% |
6.53% |
45.24% |
Fund Activities
- Average Daily Trading Volume: 588,524 units from 1 January 2025 to 30 June 2025
- Units Outstanding (Listed Class): 184,750,000 units as of 30 June 2025
Key Information
Financial Position (Unaudited) as at 30 June 2025
| Item |
Amount (HKD) |
Amount (HKD) |
| Assets |
9,321,966,310 (Financial assets at fair value through profit or loss) |
7,723,735,006 |
|
37,480,207 (Dividend receivables) |
- |
|
360 (Prepayments and other receivables) |
769 |
|
20,184,216 (Amount due from brokers) |
33,024,538 |
|
32,441,042 (Cash and cash equivalents) |
39,531,328 |
| Total Assets |
9,412,072,135 |
7,829,332,401 |
| Liabilities |
21,452,100 |
66,928,100 |
|
1,119,049 (Management fee payable) |
863,383 |
|
20,327,320 (Amounts due to participating dealers) |
33,040,760 |
|
5,731 (Other payables and accruals) |
11,098 |
| Total Liabilities |
21,452,100 |
66,928,100 |
| Equity |
Net asset value attributable to unitholders: 9,390,620,035 |
7,762,404,301 |
| Total Liabilities and Equity |
9,412,072,135 |
7,829,332,401 |
| Number of Units in Issue: 184,757,951 |
|
|
| Net Asset Value per Unit: HKD 50.8266 |
|
|
Profit and Loss Statement (Unaudited)
| Item |
Amount (HKD) |
Amount (HKD) |
| Income |
165,311,418 |
150,769,098 |
|
Dividend income: 164,107,263 |
148,564,019 |
|
Interest income: 86,495 |
133,675 |
|
Securities lending income: 696,898 |
605,752 |
|
Other income: 420,762 |
1,465,652 |
| Expenses |
-11,715,317 |
-7,759,616 |
|
Management fee: -6,318,369 |
-5,230,004 |
|
Transaction fees: -5,396,948 |
-2,529,612 |
| Profit Before Investment Gains/(Losses) and Exchange Differences |
153,596,101 |
143,009,482 |
| Investment Gains/(Losses) and Exchange Differences |
1,726,908,776 |
-546,760,049 |
| Profit Before Tax |
1,880,504,877 |
-403,750,567 |
| Withholding Tax Expense |
-4,323,121 |
-2,701,983 |
| Total Profit/(Loss) and Other Comprehensive Income |
1,876,181,756 |
-406,452,550 |
Changes in Net Assets (Unaudited)
| Item |
Number of Units |
Amount (HKD) |
| At 1 January 2025 |
188,050,000 |
7,762,404,301 |
| Subscription of units during the period |
43,266,951 |
2,012,103,991 |
| Redemption of units during the period |
-46,559,000 |
-2,153,297,013 |
| Distribution to unitholders |
-106,773,000 |
-85,150,500 |
| Increase in net asset attributable to unitholders |
- |
1,876,181,756 |
| At 30 June 2025 |
184,757,951 |
9,390,620,035 |
Cash Flows (Unaudited)
| Item |
Amount (HKD) |
Amount (HKD) |
| Cash Flows from Operating Activities |
1,716,311,119 |
-552,448,261 |
|
Profit before tax: 1,880,504,877 |
-403,750,567 |
|
Adjustments: -11,715,317 |
-7,759,616 |
|
Increase in financial assets: -1,710,256,049 |
-197,029,582 |
|
Decrease in amounts due from participating dealers: 33,040,760 |
-2,90,63,740 |
|
Decrease in amounts due from brokers: 12,840,322 |
-79,619 |
|
Decrease in management fee payable: 255,666 |
-2,98,699 |
|
Net cash flows from operations: 128,850,991 |
-423,090,996 |
Distribution (Unaudited)
- Interim Distributions Declared:
- 21 March 2025: HKD 0.16 per unit (Total: HKD 28,632,000)
- 20 June 2025: HKD 0.42 per unit (Total: HKD 78,141,000)
- Transfer to Capital: HKD 2,855,543,971
- Undistributed Income at the End of the Period: -
Investment Portfolio (Unaudited) as at 30 June 2025
| Holdings |
Fair Value (HKD) |
% of Net Assets |
| Listed Equities |
9,321,966,310 |
99.27% |
| China |
- |
- |
|
Midea Group Co Ltd |
3,134,941 |
|
ZTO Express Cayman Inc |
43,066,852 |
| Hong Kong |
- |
- |
|
Alibaba Group Holding Ltd |
701,296,333 |
|
Baidu Inc |
172,020,909 |
|
China Mobile Ltd |
364,884,198 |
|
China Unicom (Hong Kong) |
19,074,347 |
|
JD.Com Inc |
24,569,334 |
|
Kuaishou Technology |
21,003,130 |
|
Meituan |
273,063,158 |
|
Tencent Holdings Ltd |
724,616,770 |
|
Trip Com Group Ltd |
49,263,504 |
|
Xiaomi Corp |
554,472,214 |
|
AIA Group Ltd |
764,394,259 |
|
Bank of China Ltd |
19,475,486 |
|
BOC Hong Kong Holdings Ltd |
237,534,496 |
|
China Construction Bank Corp |
98,435,019 |
|
China Life Insurance Co Ltd |
21,508,422 |
|
China Merchants Bank Co Ltd |
29,452,201 |
|
China Resources Land Ltd |
12,425,818 |
|
China Resources Mixc Lifestyle Services Limited |
17,299,128 |
|
CK Asset Holdings Ltd |
38,737,157 |
|
Hang Lung Properties Ltd |
10,341,338 |
|
Hang Seng Bank Ltd |
152,491,450 |
|
Henderson Land Development |
13,233,920 |
|
Hong Kong Exchanges And Clearing Ltd |
770,518,291 |
|
HSBC Holdings Plc |
384,796,934 |
|
Industrial And Commercial Bank of China |
37,747,737 |
|
Link REIT |
120,894,950 |
|
Longfor Group Holdings Ltd |
6,607,658 |
|
Ping An Insurance (Group) Co of China Ltd |
780,721,388 |
|
Sun Hung Kai Properties Ltd |
97,794,660 |
|
Wharf Real Estate Investment Co Ltd |
16,912,337 |
|
BYD Electronic Co Ltd |
3,902,019 |
|
Cheung Kong Infrastructure Holdings Ltd |
14,490,362 |
|
MTR Corp Ltd |
61,227,925 |
|
Orient Overseas International Ltd |
35,652,617 |
|
Sunny Optical Technology Group Co Ltd |
13,523,111 |
|
Techtronic Industries Co Ltd |
15,987,075 |
|
Xinyi Glass Holdings Co Ltd |
2,287,598 |
|
Lenovo Group Ltd |
112,058,069 |
|
NetEase Inc |
437,003,999 |
|
Semiconductor Manufacturing International Corp |
4,741,195 |
| Total Investments at Fair Value |
9,321,966,310 |
99.27% |
| Total Investments at Cost |
7,971,020,812 |
- |
Portfolio Movements (Unaudited) for the Period
| Holdings |
Additions |
Disposals |
Corporate Actions |
Holdings as at 30 June 2025 |
| Listed Equities |
- |
- |
- |
- |
| China |
- |
- |
- |
- |
|
Midea Group Co Ltd |
42,801 |
-693 |
42,108 |
|
ZTO Express Cayman Inc |
316,244 |
-5,292 |
310,952 |
| Hong Kong |
- |
- |
- |
- |
|
AIA Group Ltd |
3,887,935 |
-3,609,443 |
10,857,873 |
|
Alibaba Group Holding Ltd |
2,366,345 |
-3,264,017 |
6,387,034 |
|
Alibaba Health Information Technology Ltd |
2,950,669 |
-4,986,952 |
2,620,996 |
|
Anta Sports Products Ltd |
3,097,148 |
-638,438 |
4,804,947 |
|
Baidu Inc |
- |
- |
- |
Summary
The ChinaAMC HSI ESG ETF is a passively managed ETF designed to track the HSI ESG Enhanced Index, which incorporates ESG criteria. The Fund employs a full replication strategy where possible, with a maximum 4% deviation allowed when using a representative sampling approach. The Fund's performance closely mirrors the Index, with total returns in line with its objective of reflecting the Index's performance before fees and expenses. The Fund is listed on the SEHK and has a significant number of units outstanding, with active trading and distribution activities. The Fund's financial position shows growth in assets and net assets, with a net asset value per unit of HKD 50.8266 as of 30 June 2025. The investment portfolio includes a diverse range of listed equities, with major holdings in Alibaba Group, Tencent, and other key Hong Kong and mainland Chinese companies. The portfolio movements indicate active buying and selling of specific securities, with changes in holdings reflecting market dynamics and the Fund's investment strategy.
