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Mirae Asset Horizons KOSPI 200 ETF (Stock Code: 2835)

Important information about Mirae Asset Horizons KOSPI 200 ETF

  • Mirae Asset Horizons KOSPI 200 ETF (the “Fund”) is an exchange traded fund. The Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Fund may suffer losses.
  • The Fund invests in a portfolio of stocks of a single country, namely, South Korea, and is thus subject to higher concentration risks and is more volatile than portfolios following a more diversified policy and its portfolio value can be exposed to country specific risks.
  • Investments in South Korea may be subject to economic, political, legal and foreign exchange risk. The value of the assets of the Fund may be affected by uncertainties such as changes in social conditions, changes in government policies, taxation, restrictions on foreign exchange and other developments in the legal, regulatory and political climate in South Korea.
  • The majority of the Fund’s assets will be invested in securities that are denominated in Korea Won (“KRW”). Therefore, the Fund may be subject to exchange rate fluctuations between Hong Kong dollar and KRW. You may suffer a loss if KRW depreciates against Hong Kong dollar.
  • The Fund is not “actively managed”, therefore when there is a decline in the underlying index, the KOSPI 200 Index (”the Underlying Index”), the Fund will also decrease in value. Mirae Asset Global Investments (Hong Kong) Limited (the “Manager”) will not adopt any temporary defensive positions against any market downturn. Investors may lose part or all of their investment.
  • Generally, retail investors can only buy or sell units of the Fund (”Units”) on the Stock Exchange of Hong Kong Limited (“HKEx”). The trading price of the Units on the HKEx is driven by market factors, such as demand and supply of the Units. Therefore, the Units may trade at a substantial premium/discount to its net asset value (”NAV”).
  • Due to fees and expenses of the Fund, liquidity of the market, foreign exchange costs, and changes to the regulatory policies, the Fund’s return may deviate from that of the Underlying Index.
  • The unavailability of market prices of the index constituents of the Underlying Index arising from differences in trading sessions between the HKEx and the Korea Exchange may result in deviations of the Fund’s trading price from its NAV.
  • Dividend distributions are not guaranteed, and therefore, investors may not receive any dividends from the Fund.
  • Investment involves risk. Investors may lose part or all of their investment. Investors should not base on this website alone to make investment decisions. Before making any investment decision, prospective investor should read the Fund’s offering documents (available on www.miraeasset.com.hk) carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice. The contents of the afore-mentioned website is prepared and maintained by the Manager and has not been reviewed by the Securities and Futures Commission of Hong Kong (”SFC”).

 

All dollar amounts are in HKD and all dates are in GMT+8 Time, unless otherwise specified.

Fund objective and investment strategy

The Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index.

The Manager intends to invest all, or substantially, all of the assets of the Fund directly in substantially all securities constituting the Underlying Index in substantially the same weightings as these securities have in the Underlying Index to achieve the investment objective of the Fund (“Replication Strategy”).

Where the adoption of a Replication Strategy is not efficient or practicable or is otherwise at the Manager’s absolute discretion, the Manager may hold a representative sample of the constituent securities of the Underlying Index selected by the Manager using quantitative analytical models to derive a portfolio sample (”Representative Sampling Strategy”). Investors should note that the Manager may switch between the Replication Strategy and the Representative Sampling Strategy without prior notice to investors, in its absolute discretion.

The Manager has no intention to invest in financial derivatives instruments (or to adopt a synthetic replication strategy) nor to engage in securities lending or repurchase transactions.

Estimated NAV per Unit [1]

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$ --
--
$ --

Daily NAV per Unit [3] as of 23 Mar 2017

NAV
$ 21.81
Change ($)
$ 0.00
Change (%)
0.14%

Fund information as of 23 Mar 2017

Fund Inception Date
12 Jan 2011
Listing date on the HKEx
17 Jan 2011
Financial year end of the Fund
Ending 31 Mar each year
Ongoing charges over a year
0.35% per annum of NAV [7]
Management Fee
Up to 0.05% p.a.
Distribution Frequency
Annually (if any)

Index information [4] as of 23 Mar 2017

Underlying Index
KOSPI 200 Index
Index Provider
Korea Exchange
Type of Index
Price return
Currency (Local)
KRW
Closing Level (Local)
282.81
Closing Level (HKD equivalent)
1,959.14
Change (HKD equivalent)
2.74
Change % (HKD equivalent)
0.14%
Exchange Rate (Local / HKD)
144.354242

Trading information

Exchange
Stock Exchange of Hong Kong Limited
Stock Code
2835
ISIN
HK0000073970
Board Lot Size
500 Units
Trading Currency
HKD
Total NAV
$ 32,714,504.06
Outstanding Units
1,500,000

Top 10 holdings as of 23 Mar 2017

28.15%
SAMSUNG ELECTRONICS CO LTD KRW5000
3.53%
SK HYNIX INC
3.19%
HYUNDAI MOTOR CO KRW5000
2.85%
NAVER CORP
2.58%
SHINHAN FINANCIAL GROUP LTD KRW5000
2.57%
POSCO KRW5000
2.45%
KB FINANCIAL GROUP INC KRW5000
2.15%
HYUNDAI MOBIS KRW5000
1.96%
KOREA ELECTRIC POWER CORP KRW5000
1.83%
SK TELECOM KRW500

As a percentage of NAV

View all holdings

Participating dealers [5]

  • ABN AMRO Clearing Hong Kong Limited
  • Credit Suisse Securities (Hong Kong) Limited
  • Goldman Sachs (Asia) Securities Limited
  • Guotai Junan Securities (Hong Kong) Limited
  • Merrill Lynch Far East Limited
  • Mirae Asset Wealth Management (HK) Limited
  • Morgan Stanley Hong Kong Securities Limited
  • Nomura International (Hong Kong) Limited
  • Shenwan Hongyuan Securities (H.K.) Limited
  • SG Securities (HK) Limited
  • UBS Securities Hong Kong Limited

Market makers [6]

  • Commerz Securities Hong Kong Limited
  • Merrill Lynch Far East Limited
[1]
Estimated NAV is indicative only and is provided on a delayed basis by Interactive Data Managed Solutions. (See terms and conditions)
[2]
Market prices are provided on a 15-minute delayed basis by Interactive Data Managed Solutions. (See terms and conditions)
[3]
Performance is calculated on NAV to NAV basis in HKD. Change indicates the change since the previous business day. For more information on calculation of Net Asset Value, please refer to the Prospectus.
[4]
Index returns are for illustrative purposes only and should not be taken as an indication or guarantee of future performance. Management fees, transaction costs or other expenses are not reflected in index returns. Change indicates the change since the previous business day's closing index level. (Source: Korea Exchange). Exchange rate as of 2:00pm, HK time (Source: Bloomberg).
[5]
Additional Participating Dealer(s) will be appointed from time to time.
[6]
Additional Market Maker(s) will be appointed from time to time.
[7]
The ongoing charges figure is an annualised figure based on expenses reported in the Sub-Fund’s audited financial statements for year ended 31 March 2016, expressed as a percentage of the Sub-Fund’s average net asset value over the same period. This figure may vary from year to year. It does not include any extraordinary expenses.

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