[ET Net News Agency, 18 July 2018] CSOP Asset Management launched the first Hong
Kong-listed Hong Kong Dollar money market ETF, named CSOP Hong Kong Dollar Money Market
ETF (03053), which listed on the Stock Exchange of Hong Kong today.
The fund invests primarily in Hong Kong Dollar-denominated and settled short-term
deposits, money market instruments and debt securities to track the performance of 3-month
HIBOR.
The management fee is 0.3% per annum, and the annual return rate after deducting the
management fee is expected to be 1.5%.
The trading lot size is set at 1,000 units with the initial price per share of HK1,000.
The minimum investment amount will be HK$1 million. (SC)