TradePlus S&P New China Tracker

Opening doors to investment opportunities within the New China Economy

The TradePlus S&P New China Tracker ("Fund") is an equity exchange-traded fund that is designed to provide investors a convenient access to Chinese listed companies within the consumption and service-oriented industries. The Fund closely tracks the performance of the S&P New China Sectors Ex A-Shares Index; in which units are tradeable on Bursa Malaysia Securities.

Closing Price
   

 

NAV Price

As at    

The Indicative Optimised Portfolio Value (IOPV) for the Fund is now available on the Bursa website.

  • Fund’s Net Asset Value
  • Units in Circulation
Last updated:  

Key highlights

An easy access to New China opportunities

An easy access to New China opportunities

Participate in the growth of New China sectors that have emerged from China’s transition to become a consumption-focused economy. These sectors are starting to show dominance in its contribution towards economic growth, and have gained notable traction.

>Gain exposure to familiar names

Gain exposure to familiar names and more - all in a single trade

One transaction is all it takes! The Fund facilitates an efficient way for you to access an extensive portfolio of New China stocks, which are spread across varying sectors.

Participate in your preferred currency

Participate in your preferred currency

You may subscribe to the Fund in HKD via Participating Dealer(s), or trade in USD and MYR through Bursa Malaysia Securities.

Affordable entry

Affordable entry

Through an exchange-traded fund structure, you can now access opportunities at a lower entry level of just 100 units through Bursa Malaysia Securities.

Regular review of index

Regular review of index

The referenced index is rebalanced semi-annually, with a 10.0% cap on individual names to mitigate concentration risk.

How to invest?

Trading on Bursa Securities
Trading Currency US Dollar (USD) Malaysian Ringgit (MYR)
Minimum Trading Units 100 100
Stock Code 0829EB 0829EA
Stock Short Name CHINAETF-USD CHINAETF-MYR
ISIN Code MYL0829EB009 MYL0829EA001
Bloomberg Ticker CHNUSD MK CHNMYR MK
Investing through Participating Dealer(s)
Creation/ Redemption Currency Hong Kong Dollar (HKD)
Methods for Creation/ Redemption of Units 1) Creation of Units
  • Cash creation
  • In-Kind creation
2) Redemption of Units
  • Cash redemption
  • In-Kind redemption
Minimum Creation/ Redemption Basket 500,000 units

Investment Objective

The Fund aims to provide investment results that closely correspond to the performance of the Benchmark.

Investment Strategy

The Fund is a passively managed fund. The Manager intends to primarily use a full replication strategy to track the performance of the Benchmark.

Fund Facts

Listing Date 28 January 2019
Fund Launch Date 15 January 2019
Fund Category Equity exchange-traded fund
Fund Type Index tracking fund
Investor Profile The Fund is suitable for investors who:
  • seek exposure to Chinese listed companies in the consumption and service-oriented industries; and
  • have a high risk tolerance level.
Asset Allocation
  • A minimum of 70% of the Fund’s NAV is to be invested in Authorised Securities;
  • a maximum of 20% of the Fund’s NAV is to be invested in derivatives and/or collective investment schemes; and
  • the remaining balance of the Fund’s NAV is to be invested in money market instruments and/or deposits.
Specific Risks
  • Equity Investment risk
  • Country risk
  • Currency risk
  • Sector-related risks
  • Concentration risk
  • Minimum redemption size
  • Tracking error risk
  • Risks related to the benchmark
  • Securities lending transaction risk
Base Currency HK Dollar (HKD)
Benchmark S&P New China Sectors Ex A-Shares Index
Financial Year End 31 December
Initial Approved Fund Size 1,000,000,000 units
Income Distribution Subject to the availability of income, the Fund will distribute income on an annual basis after the end of its first financial year.

Fees & Charges

Annual Management Fee 0.50% p.a. of the NAV of the Fund calculated and accrued daily using the Fund’s Base Currency.
Annual Trustee Fee 0.04% p.a. of the NAV of the Fund calculated and accrued daily using the Fund’s Base Currency.
Quarterly License Fee Minimum of USD10,000 p.a. or 0.05% of the average daily asset under management, whichever is higher.

Parties to the Fund

Manager Affin Hwang Asset Management Berhad
Trustee TMF Trustees Malaysia Berhad
Participating Dealer(s) Affin Hwang Investment Bank Berhad
Malacca Securities Sdn Bhd
Market Maker(s) Affin Hwang Investment Bank Berhad
Malacca Securities Sdn Bhd
Valuation Point as at close of 30/Apr/2021
Fund Stock Code Stock Short Name ISIN Code Units In Circulation
TradePlus S&P New China Tracker 0829EA CHINAETF-MYR MYL0829EA001 4,776,200
0829EB CHINAETF-USD MYL0829EB009 308,800
 
HKD/USD rate 0.1288
HKD/MYR rate 0.5261
 
Manager's Fee (% p.a.) 1 Trustee Fee
(% p.a.)
2 License Fee
(% p.a.)
NAV per Unit
(HKD)
NAV per Unit
(USD)
NAV per Unit
(RM)
S&P New China Sectors Ex A-Shares Index Level
0.50 0.04 0.0500 15.7079 2.0225 8.2639 2,846.26
 
Creation / Redemption Unit Block (Units) 500,000
Subscription / Redemption Amount per Creation / Redemption Unit Block (HKD) 7,853,950.00
 
Portfolio Holdings
SEDOL Company Name Quantity of Shares Currency Share Price
(Local Currency)
Share Price
(HKD)
Market Value (HKD)
BMMV2K8 Tencent Holdings Ltd 13,250 HKD 622.50 622.50 8,248,125.00
BP41ZD1 Alibaba Group Holding Ltd 3,807 USD 230.75 1,792.14 6,822,674.42
BGJW376 Meituan Dianping 27,100 HKD 297.80 297.80 8,070,380.00
B4TX8S1 AIA Group Ltd 73,900 HKD 98.85 98.85 7,305,015.00
BMM27D9 JD.com Inc 5,998 USD 77.36 600.82 3,603,736.12
B01FLR7 Ping An Insurance Group Co 33,700 HKD 84.90 84.90 2,861,130.00
BFZX9H8 NIO Inc-ADR 7,958 USD 39.78 308.95 2,458,661.69
B0FXT17 Baidu Inc 1,601 USD 210.32 1,633.47 2,615,182.28
BYVW0F7 Pinduoduo Inc ADS 2,106 USD 133.93 1,040.18 2,190,616.21
2606440 NetEase Inc 2,607 USD 112.05 870.25 2,268,730.72
BL6B9P1 Wuxi Biologics Cayman Inc 18,000 HKD 109.40 109.40 1,969,200.00
B4MGD82 TAL Education Group 2,643 USD 56.94 442.23 1,168,812.07
B1CN1G6 New Oriental Education & Technology Group 9,787 USD 15.26 118.52 1,159,936.41
BYYDFN0 ZTO Express Cayman Inc 4,065 USD 32.15 249.70 1,015,012.96
6718976 China Life Insurance Co Ltd 48,200 HKD 15.80 15.80 761,560.00
6465874 Galaxy Entertainment Group Ltd 12,400 HKD 68.35 68.35 847,540.00
6531827 Geely Automobile Holdings Ltd 36,000 HKD 20.15 20.15 725,400.00
B01B1L9 China Mengniu Dairy Co Ltd 15,500 HKD 41.55 41.55 644,025.00
BK1K3N2 Trip.com Group Ltd 2,894 USD 39.07 303.44 878,156.66
B1YVKN8 ANTA Sports Products Ltd 4,900 HKD 139.30 139.30 682,570.00
B0MP1B0 Shenzhou International Group H Shares 4,600 HKD 170.70 170.70 785,220.00
6972459 China Resources Beer Holdings 6,000 HKD 62.70 62.70 376,200.00
6536651 BYD Co Ltd 3,500 HKD 160.30 160.30 561,050.00
B01JCK9 Li Ning Co Ltd 12,500 HKD 63.30 63.30 791,250.00
BYYWPW6 BeiGene Ltd 287 USD 343.54 2,668.13 765,753.99
BFNLRN6 Bilibili Inc. 863 USD 110.82 860.69 742,777.95
BRXVS60 Alibaba Health Information Technology 23,500 HKD 23.65 23.65 555,775.00
B00XSF9 Sino Biopharmaceutical Ltd 75,250 HKD 8.37 8.37 629,842.50
BKWGSQ7 Smoore International Holdings Ltd 10,000 HKD 55.05 55.05 550,500.00
B2Q5H56 China Pacific Insurance Group 17,800 HKD 28.05 28.05 499,290.00
BD6FLL7 GDS Holdings Ltd. ADR A 739 USD 82.82 643.23 475,345.87
B3N0H17 Vipshop Holdings Ltd 2,541 USD 30.76 238.90 607,045.24
B5B23W2 Sands China Ltd 14,000 HKD 36.85 36.85 515,900.00
BD9GVY0 Zai Lab Limited 465 USD 165.74 1,287.23 598,563.66
BMGWW30 Nongfu Spring Co Ltd - H Shares 9,800 HKD 41.10 41.10 402,780.00
6191997 CSPC Pharmaceutical Group Ltd 58,240 HKD 9.62 9.62 560,268.80
6327587 Kingdee International Software Group Co. Ltd. 16,000 HKD 25.70 25.70 411,200.00
BDQZP48 Country Garden Services Holdings Company Ltd 7,000 HKD 81.50 81.50 570,500.00
6290054 MTR Corp Ltd 9,500 HKD 43.25 43.25 410,875.00
6718255 Great Wall Motor Co Ltd 20,000 HKD 19.22 19.22 384,400.00
BLD4QD0 Haier Smart Home Co Ltd - H Shares 11,600 HKD 33.55 33.55 389,180.00
BLLHKZ1 WH Group Ltd 58,500 HKD 6.79 6.79 397,215.00
BFZ2PK0 China Tower Corporation Limited 316,000 HKD 1.11 1.11 350,760.00
BFZYWR2 Tencent Music Entertainment Group ADR-A 2,365 USD 17.42 135.29 319,970.07
BK0SBL1 China Feihe Ltd 19,000 HKD 22.10 22.10 419,900.00
BFMFKK7 Huazhu Group Ltd 988 USD 58.90 457.45 451,962.39
BDRYVB3 Ping An Healthcare and Technology Comp Ltd 3,800 HKD 90.95 90.95 345,610.00
BD9GZX7 Yihai International Holding Ltd 2,000 HKD 75.65 75.65 151,300.00
BGR6KX5 Innovent Biologics Inc 4,500 HKD 84.40 84.40 379,800.00
BYYJDM3 Evergrande Health Industry Group Ltd 11,500 HKD 60.00 60.00 690,000.00
BMXR2T4 XPeng Inc. ADR Class A 876 USD 29.88 232.07 203,289.41
BGN9715 Haidilao International Holding Ltd. 4,000 HKD 50.30 50.30 201,200.00
BH5QGR0 Autohome Inc 354 USD 92.69 719.88 254,839.18
6136233 Hengan International Group Co 4,000 HKD 50.30 50.30 201,200.00
6706250 PICC Property & Casualty Co Ltd 44,000 HKD 7.61 7.61 334,840.00
BMXHCD8 Li Auto Inc.-A 1,088 USD 19.74 153.31 166,803.86
B27WRM3 Kingsoft Corporation Ltd. 5,000 HKD 54.95 54.95 274,750.00
BK1VBN1 GSX Techedu Inc.-A 637 USD 31.94 248.06 158,017.22
BGHH0L6 WuXi AppTec Co Ltd - H Shares 1,800 HKD 183.40 183.40 330,120.00
BYWT1W1 iQIYI, Inc 1,823 USD 14.71 114.25 208,271.29
BJYKB72 Hansoh Pharmaceutical Group Co Ltd 6,000 HKD 33.50 33.50 201,000.00
B4TXDZ3 HKT Trust & HKT Ltd 22,000 HKD 11.28 11.28 248,160.00
BL3N3C5 Joyy Inc ADR 375 USD 95.05 738.21 276,830.19
B2Q14Z3 Want Want China Holdings Ltd 38,000 HKD 5.63 5.63 213,940.00
6742340 Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares 16,000 HKD 17.42 17.42 278,720.00
6927590 Vitasoy Intl Holdings Ltd 6,000 HKD 30.00 30.00 180,000.00
B1KYHF2 Melco Resorts & Entertainment 1,285 USD 19.29 149.82 192,515.37
B633D97 Zhongsheng Group Holdings Ltd. 3,000 HKD 58.85 58.85 176,550.00
BMVHXD7 China Youzan Ltd 84,000 HKD 2.51 2.51 210,840.00
B3ZVDV0 Sinopharm Group Co Ltd 8,400 HKD 24.05 24.05 202,020.00
6903556 Tingyi Cayman Islands Holding 10,000 HKD 13.98 13.98 139,800.00
B433995 Guangzhou Automobile Group Co 18,000 HKD 6.63 6.63 119,340.00
B5730Z1 New China Life Insurance Co Ltd 5,100 HKD 29.95 29.95 152,745.00
B3Q0VS9 21Vianet Group Inc 596 USD 27.87 216.45 129,007.00
B676TW7 Microport Scientific Corp 3,000 HKD 56.05 56.05 168,150.00
B8XBQ96 Shanghai Fosun Pharmaceutical 3,000 HKD 49.25 49.25 147,750.00
B29SHS5 BYD Electronic (International) Co. Ltd. 3,500 HKD 41.30 41.30 144,550.00
B4Q2TX3 China Longyuan Power Group Corporation Ltd. - H Shares 20,000 HKD 11.42 11.42 228,400.00
6181482 Brilliance China Automotive 18,000 HKD 7.23 7.23 130,140.00
6905808 Tsingtao Brewery Co Ltd 2,000 HKD 70.50 70.50 141,000.00
6264048 China Taiping Insurance Holdin 8,800 HKD 14.42 14.42 126,896.00
B8RZJZ1 People's Insurance Co Group 50,000 HKD 2.65 2.65 132,500.00
B0RJCG9 Minth Group Ltd 4,000 HKD 31.50 31.50 126,000.00
BWGCFG4 FuYao Glass Industry Group Co Ltd- H Share 3,200 HKD 45.15 45.15 144,480.00
BYP71J9 China Literature Ltd 2,200 HKD 81.00 81.00 178,200.00
BMZC7F8 Hangzhou Tigermed Consulting Co Ltd - H Shares 600 HKD 152.40 152.40 91,440.00
B0PH5N3 Dongfeng Motor Group Co Ltd 14,000 HKD 6.75 6.75 94,500.00
B04KP88 ZTE Corp 5,000 HKD 19.32 19.32 96,600.00
BK72QD3 Pharmaron Beijing Co Ltd - H Shares 700 HKD 161.10 161.10 112,770.00
B04KNF1 Air China Ltd 10,000 HKD 6.16 6.16 61,600.00
6013693 China Southern Airlines Co Ltd H Shares 10,000 HKD 5.28 5.28 52,800.00
6171375 China Eastern Airlines Corp Ltd - H Shares 8,000 HKD 3.40 3.40 27,200.00
Market Value of Authorised Securities (HKD) 78,646,474.53
Cash Component (HKD) 1,228,196.97
Net Asset Value (HKD) 79,874,671.50
1 Calculated based on the NAV of the Fund, accrued daily and payable monthly in the Base Currency. This fee is subject to such increase / variation as permitted by the Deed.
2 Calculated based on the average daily asset under management of the Fund during the applicable quarter and payable quarterly. Subject to a minimum of USD 10,000 per annum.
Downloads
  • Portfolio Holdings - CHINAETF
    Download
Fund Documents
  • Prospectus
    Download
  • Supplemental Prospectus
    Download
  • Daily NAV & Creation/ Redemption Basket
    Download
  • Marketing Brochure
    Download
  • Monthly Factsheet
    Download
Fund Reports
  • Annual Reports
    Download
  • Interim Reports
    Download
Announcements
  • Notice Accompanying The Electronic Prospectus of TradePlus S&P New China Tracker
    15-01-2019
    Download

GENERAL

  • ETF, or exchange-traded fund is a collective investment scheme that invests in a basket of investment instruments (such as stocks, bonds, commodities, or other securities) to mirror the performance of the index that it tracks.
  • ETFs are unique as they can be traded like a common stock on the stock exchange - and also experience price changes throughout the trading day as they are bought and sold.
  • In this case, the TradePlus S&P New China Tracker mirrors the performance of the S&P New China Sectors Ex A-Shares Index; which constitutes Chinese listed companies within the consumption and service-oriented industries.
  • Passive vs. Active
    • ETFs are typically passively managed where its objective is to closely track the performance of its benchmark or its referenced index, irrespective of the outlook on the market.
    • On the other hand, Unit Trust Funds (“UTF”) are typically actively managed, where the Manager has the flexibility to shift away from its optimal asset allocation depending on the Manager’s outlook of the market.
  • Higher trading frequency
    • ETF units are traded on the stock exchange, providing investors with the opportunity to transact units at any point throughout the trading day.
    • This defers from the subscription and redemption of units within a UTF, which can only be done once a day at a specific time.
  • Low-cost investment
    • Given its passive investment style, ETFs typically have a lower cost as compared to UTFs.
    • Management fees for a typical actively managed UTF ranges from 1.00-2.00% per annum, depending on the investment asset class.
    • The passively managed ETF typically charges below 1.00% in Management fees per annum.
    • ETFs are also traded on Bursa Securities and allows investors to invest based on “number of units” as opposed to the “investment amount” used for UTFs. The current board lot size at Bursa Securities is 100 Units, whereas a typical UTF would require a minimum investment amount of MYR1,000.
  • The Fund appoints Market Makers, whose role includes ensuring liquidity for the ETF on the secondary market.
  • The Market Makers provide buy and sell quotes within a predefined spread (the difference between the buy and sell price).
  • Through its inventory, the Market Maker is also able to ensure, to the best of their ability, that there is a buyer for every sell order, and a seller for every buy order.

ABOUT NEW CHINA

  • Since the 1970s, China has been liberalising its economy through various government reforms and policies, which has successfully led to its transformation to become the world’s second-largest economy today.
  • But China’s transformation is far from over. The New China marks the nation’s latest economic transition – where its investment- and export-driven economy has now shifted to become one that is reliant on domestic consumption and services.
  • The New China Economy is also a reflection of the Chinese government’s bid to identify and shape more sustainable forms of growth for its economy.
  • An opportunity to capitalise on:
    • China’s higher GDP contribution – which is seen stemming from the service, and consumption industry.
    • China’s rising income pattern – which is anchoring the shift in consumption trends.
    • China’s increased internet penetration – which is encouraging a boom in the e-commerce industry.
  • Sectors we see benefitting from this trend include: Consumer staples, Automobiles, Tourism, Insurance, Education, Healthcare, E-commerce, and Internet Services.

ABOUT TRADEPLUS S&P NEW CHINA TRACKER

  • The TradePlus S&P New China Tracker (“Fund”) is an exchange-traded fund that provide investors exposure to Chinese listed companies within the consumption and service-oriented industries.
  • The Fund aims to provide investors with a performance that closely mirrors its benchmark, which is the S&P New China Sectors Ex A-Shares Index.
  • Through its ETF structure, units of the Fund can be traded on Bursa Malaysia Securities.
  • Investors would also be able to create / redeem units at a minimum creation / redemption basket of 500,000 units.
  • The Fund is a passively managed fund, and does not aim to provide an outperformance against its benchmark.
  • Instead, the Fund will aim to perform in-line with its benchmark.
  • The Fund would be fully invested into its underlying assets at all times, irrespective of the Manager’s outlook on the market.
  • The Fund will look to carry out a full replication strategy to track the performance of its benchmark – the S&P New China Sectors Ex A-Shares Index.
  • As such, the price of the Fund will move in line with the price of its benchmark given the similar underlying of the two.
  • The Manager does, however, hold the option to invest up to a maximum of 20% of the Fund’s NAV into instruments that will enable the Fund to obtain a similar exposure to the benchmark if it is not able to gain the same exposure through the equity market.
  • Fees that would be incurred by the Fund include annual management fee, annual trustee fee, and quarterly licensing fee. Click here for more details.
  • All fees are reflected on a per-annum basis, and calculated on a daily basis. The fees will be reflected in the NAV per Unit as publicly available.
  • The investment amount will be dependent on prevailing unit price and number of shares purchased.
  • Trading on Bursa Malaysia Securities will be based on a minimum of 100 units traded – transacted in either US Dollar or Malaysian Ringgit.
  • Subscription via the primary market can be done through the Participating Dealer(s); where creation / redemption of units will be carried out with a minimum block size of 500,000 units – transacted in Hong Kong Dollar.
  • The Participating Dealer assists with the facilitation of creation and redemption of Units by the investors for the Fund.
  • Investors are required to liaise with the Participating Dealer(s) for all creation and redemption transactions.
  • You may refer to the latest list of Participating Dealer(s) of the TradePlus S&P New China Tracker here.
  • Easy access at lower cost
    • Investors can access a portfolio through a single ETF trade, as opposed to multiple transactions for a portfolio of stocks.
    • Investors would also be subject to lower transaction costs due to the lesser number of transactions.
  • Access global for Malaysian investors
    • The Fund provides investors with exposure to Chinese listed companies globally, including companies listed in the US market, which trades on a different time-zone.
    • Investors would be able to gain exposure into these foreign-listed names during local trading hours.
    • Investors would also be able to gain exposure into foreign-listed names with minimal hassle, as investors have the option to trade in local currency despite the underlying investments being in multiple currencies.
  • Real-time trading
    • Investors have the flexibility to move in and out of markets throughout a Bursa trading day.
1 month 3 months 6 months 1 year Year to date Since inception
Last Updated:
TradePlus S&P New China Tracker            
TradePlus S&P New China Tracker

Understanding the Performance
During the period datefrom to dateto, the TradePlus S&P New China Tracker recorded an accumulative return of TotalReturns. Over the same period, the Fund’s Benchmark returned Benchmark Returns.

Note: To reflect the return in performance for the date range selected, the dates displayed on the chart may differ.

Warning Statement:
A copy of the Prospectus can be obtained at Affin Hwang Asset Management’s (“Affin Hwang AM”) dedicated website at www.tradeplus.com.my. Investors are advised to read and understand the contents of the Prospectus dated 15 January 2019 and Supplementary Prospectus dated 2 July 2019 for the TradePlus S&P New China Tracker before investing. There are fees and charges involved when investing in the fund stated herein. Investors are advised to consider and compare the fees and charges as well of the risks carefully before investing. Investors should make their own assessment of the risks involved in investing and should seek professional advice, where necessary. The price of units and distribution payable, if any, may go down as well as up and past performance of the fund should not be taken as indicative of its future performance. The Securities Commission Malaysia has not reviewed this material and takes no responsibility for the contents of this material and expressly disclaims all liability, however arising from this material.

Licensing Disclosure Statement & Conditions:
The "S&P New China Ex A-Shares Index" is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and has been licensed for use by Affin Hwang Asset Management Bhd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Affin Hwang Asset Management Bhd. TradePlus S&P New China Tracker is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P New China Ex A-Shares Index.

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