

* Estimated data for reference only. Data as of 13th December 2021
^ Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to Shareholders. Please refer to the section headed “Fees and Expenses” in Part 1 of the Prospectus for details.
# As the Sub-Fund (as defined below) is newly set up, this figure is a best estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average NAV over the same period. It may be different upon actual operation of the Sub-Fund and may vary from year to year. The ongoing charges figure does not include the Swap fees as discussed herein.
1. Balanced Allocation Among China A-Shares Industries, Covering Leading Stocks in New Economy Sectors
in each sector
market cap stocks
China A50
i. Comprehensive and Balanced
MSCI China A50 Connect Index (MSCI China A50) implements sector neutrality and has a balanced sector distribution, in line with China’s real economic development trend.
It avoids overweighting financials, which is common for traditional A-Shares broad-based indices, and becomes a better representation of the performance of both China’s new economy and old economy.
Sector Breakdown of MSCI China A50 Connect Index

Sector Breakdown of Main A-Shares Broad-based Indices

Source: MSCI, as of 1st December 2021
ii. Representative and Growth-driven
The performance of all constituents far exceeds the market average*
The index's constituents are only 1% of the A-Shares market, but they account for 24% market cap, 22% revenue and 34% net profit attributed to parent company.
Top 10 Constituents
Code | Companies | GICS sector |
Index weighting |
Compound annual growth rate of revenue in the past 5 years^ |
Compound annual growth rate of net income in the past 5 years^ |
Sector leaders |
300750.ZK | Contemporary Amp | Industrials | 9.66% | 54.57% | 43.09% | Power battery |
600519.SH | Kweichow Moutai | Cons Staples | 7.69% | 23.98% | 24.67% | Chinese liquor |
601012.SH | Longi Green Ener | Info Tech | 5.74% | 55.79% | 75.05% | Photovoltaic |
600036.SH | China Merch Bank | Financials | 4.32% | 7.59% | 11.03% | Financials |
002594.ZK | BYD Co | Cons Discr | 3.95% | 14.37% | 8.44% | Automobile |
600309.SH | Wanhua Chem Grp | Materials | 3.73% | 30.38% | 44.21% | Chemical industry |
002475.ZK | Luxshare Prec | Info Tech | 3.53% | 55.61% | 46.29% | Electronic |
603501.SH | Will Sc | Info Tech | 2.92% | 58.47% | 87.94% | Semiconductor |
601888.SH | China Tourism | Cons Discr | 2.83% | 19.83% | 32.46% | Duty free |
002812.SH | Yunnan Ener New | Materials | 2.79% | 30.50% | 49.37% | Lithium battery isolation film |
Average | 35.11% | 42.26% |
Source: MSCI, as of 1st December 2021
^ Source: Bloomberg, Wind, as of 31 December 2020
* Source: Wind, as of 30 June 2021
2. Better Performance than other Mainstream Broad-based A-Shares Indices
MSCI China A50 Connect Index has accumulatively risen by more than 170% in the past nine years, and its long-term performance is better than other mainstream broad-based A-shares indexes such as SSE 50, CSI 300, FTSE China A 50.
Historical Performance

Source: Bloomberg, 30 November 2012 to 19 November 2021. All index level is price return index. The MSCI China A 50 Connect Index was launched on 20 Aug 2021. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index existed). There are frequently material differences between back-tested performance and actual results. Past performance - whether actual or back-tested - is no indication or guarantee of future performance.
Risk – Return Analysis of Indexes
MSCI China A50 Connect |
MSCI China A | SSE50 | FTSE China A50 | CSI300 | |
Cumulative Return | 162.43% | 158.87% | 104.51% | 120.80% | 125.83% |
Annualized Rate of Return | 10.82% | 10.66% | 8.52% | 9.47% | 9.76% |
Annualized Volatility | 23.20% | 23.64% | 23.01% | 23.23% | 21.77% |
Annualized Sharp Ratio | 0.55 | 0.54 | 0.43 | 0.47 | 0.50 |
Max Drawdown | -49.10% | -44.15% | -44.70% | -43.02% | -46.70% |
Source: WIND, 1 December 2012 to 30 November 2021
3. MSCI China A50 Connect Index Has a Complete Product Ecosystem and Is Sought After By Domestic and International Investors
- In the past three years, international index companies have been continuously taking A-Shares in their flagship indices, accelerating foreign inflow to A-share market.
- On 22 October 2021, the first batch of onshore MSCI China A50 Connect ETFs were issued and received enormous creations. The total initial investment exceeded 30 billion RMB.^
- On 8 November 2021, the first batch of four MSCI China A50 Connect ETFs were officially listed. The total turnover on the first day of listing exceeded 10 billion RMB.*
- On 18 October 2021, Hong Kong Stock Exchange launched MSCI China A50 Connect Index Futures, which is one of the only two A-Shares index futures in the overseas market.
^ Source: Wallstreentcn
* Source: STCN
CSOP - Leading A-Shares ETFs Manager
As a leading A-shares ETFs manager in the Asia-Pacific market, CSOP has issued 12 A-shares-related products.
CSOP is a leading A-share ETFs manager in the Asia-Pacific market. Among all A-share ETFs listed on the Hong Kong Stock Exchange, those issued by CSOP account for nearly 20%^ by asset under management (AUM) and nearly 26%^ by average daily turnover (ADT) .

CSOP MSCI China A Inclusion Index ETF (3149.HK)
CSOP CSI 500 ETF (3005.HK)
CSOP MSCI China A50 Connect ETF (3003.HK)
CSOP STAR 50 Index ETF (3109.HK)

CSOP CSI 300 Index Daily (-1x) Inverse Product (7333.HK)
CSOP FTSE China A50 Index Daily (-1x) Inverse Product (7348.HK)
^ Source: Bloomberg, as of 30 November 2021
# CSOP Yinhua CSI 5G Communications Theme ETF is a feeder fund. Its master fund, Yinhua CSI 5G Communication ETF, is not authorized by the Securities and Futures Commission for direct offering to the public in Hong Kong.
* CSOP Huatai-PineBridge CSI Photovoltaic Industry ETF is a feeder fund. Its master fund, Huatai-PineBridge CSI Photovoltaic Industry ETF, is not authorized by the Securities and Futures Commission for direct offering to the public in Hong Kong.