CSOP to Launch MSCI T50 ETF (3021) Capturing First-Mover Advantages in Global Top 50 Internet Companies

Wednesday, 28 January 2015, 11:00 HKT/SGT

HONG KONG, Jan 28, 2015 - (ACN Newswire) - CSOP MSCI T50 ETF (stock code: 3021) has listed on The Hong Kong Stock Exchange on 28 January 2015 as the first ETF product in Hong Kong market investing in the Internet segment. This ETF product closely tracks the MSCI China and US Internet Top 50 Equal Weighted Index to reflect the performance of the 50 largest Chinese and US Internet software and service providers and Internet retail enterprises in terms of market capitalisation. The listing of CSOP MSCI T50 ETF on the main board of The Hong Kong Stock Exchange allows investors to conduct real-time trading during local time in Hong Kong to gain exposures to shares of leading Internet companies listed on both Hong Kong and the US markets, and also presents rare investment opportunities of potential IPOs access to internet companies.

CSOP MSCI T50 ETF Invests in Top 50 Internet Companies, the World's Fast Growing Sector

The development of the Internet determines the economic trend in the future. E-commerce, O2O platforms and other Internet services are drastically changing the way people live and work today. Among the 30 biggest companies in the world with a market capitalization of over US$100 billion, 5 are Internet companies and all of them were founded less than 20 years to date. Prosperous Internet companies are able to achieve exponential growth as they can quickly expand at near-zero marginal cost. Since its inception, MSCI China and US Internet Top 50 Equal Weighted Index has achieved a total return of 204%, significantly outperforming major indices such as the S&P 500 and Hang Seng Index (Source: MSCI).

Riding the uptrend momentum of Internet companies, the underlying index of CSOP MSCI T50 ETF included 50 leading companies with the largest total market capitalization in Chinese and the US markets, including Internet giants such as Google, Alibaba, Facebook, Amazon, Tencent, etc. Constituent stocks also cover 50 Internet companies in a broad range of different categories and businesses so as to timely capture every opportunity for advancement brought about by new technology whenever introduced. Meanwhile, the diversity of such constituent stocks also helps lower the concentration of risks, offering investors an ideal choice to invest in the Internet companies.

He Xuan, Head of Capital Markets at CSOP Asset Management, commented that, "The Internet is changing our life in every single way, and it attracts the eyeballs from global capital markets because of its rapid development and strong growth in recent years. As Hong Kong's first Internet themed ETF product, we believe the launch of CSOP MSCI T50 ETF will offer an excellent investment opportunity for Hong Hongs retail investors to share the growth."

CSOP Expands its Business Further with Diversified Development of RQFII ETF

The Internet industry in the mainland China this year witnessed the emergence of industry giants such as Alibaba, Tencent and Baidu, which have made unprecedented achievement by leveraging perfectly integrated business models with innovative Internet technologies to explore the huge market opportunities in China, a country having more than a billion of population. As a leading Chinese overseas assets management company and the largest RQFII manager, CSOP would not be content with merely offering China's investment opportunities to global investors. It goes further to present the investors with the world's best-performing and Chinese-based industries and investment trends. Being awarded as the "ETF Manager of the Year" by AsianInvestors in 2014, CSOP is well positioned to offer long-term investment opportunities in the Internet sector to investors in Hong Kong and across the globe.

About CSOP Asset Management Limited
CSOP Asset Management Limited ("CSOP") was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. It is the largest RMB Qualified Foreign Institutional Investor ("RQFII") asset manager globally. As of 31 Dec 2014, CSOP had US$ 7.08 billion in assets under management.

Topic: Press release summary Sectors: Daily Finance, Daily News
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