On March 4, the official website of the China Securities Regulatory Commission showedThe application materials for the CSOP Saudi Arabia ETF (QDII) have been accepted. It also became the second ETF to report its investment in Saudi Arabia** and be listed and traded in Saudi Arabia after Huatai Pineapple CSOP Saudi Arabia ETF (QDII).
Previously, Huatai Pineapple CSOP Saudi Arabia ETF (QDII) was reported in December last year and is still in the process of administrative approval. It has been reported that the products reported by Huatai Pineapple** adopt a cross-linked investment strategy, which invests in the Saudi market by directly investing in the CSOP Saudi Arabia ETF and tracking the FTSE Saudi Arabia Index.
It is understood that the CSOP Saudi Arabia ETF (QDII) may adopt a similar cross-linked investment model. At present, this kind of mutual investment has become a common product structure for some public offering companies to invest overseas. Huatai Pineapple CSOP Hang Seng Technology ETF (QDII) also adopts this model.
For this investment model, Huatai Pineapple CSOP Hang Seng Technology ETF (QDII) prospectus introducedThe investment in the underlying ETF is not less than 90% of the net asset value, and the underlying ETF is the CSOP Hang Seng TECH Index ETF listed on the Hong Kong Stock Exchange.
In other words, the ETF under the cross-linked investment mainly invests in the ETF product managed by another ** company, and achieves close tracking of the underlying index by investing in the underlying ETF. At present, most of the ETFs issued by domestic public offering companies are products of CSOP Asset Management.
Some industry insiders believe thatThe advantage of the cross-linked investment method lies in its efficiency and flexibility. First, it provides investors with direct access to their target market, reducing the complexity and cost of trading across markets. Secondly, this method improves the liquidity of funds, because the underlying ETF itself can be used as a liquidity **. In addition, cross-linked ETFs make it easier for managers to use QDII quotas for market trading, avoiding the inconvenience caused by differences in the number of trading days and time zones.
The official website of CSOP shows thatCSOP Saudi Arabia ETF was listed on the Hong Kong Stock Exchange on November 29, 2023. This ** primarily tracks the FTSE Saudi Arabia Index. As of March 4, the total net asset value of the ** was approximately 417.8 billion Saudi riyals, equivalent to about 8 billion yuan.
It is worth noting that since the beginning of this year, the public offering ** declaration of QDII products has been quite popular. Wind data shows that as of press time, more than 20 QDIIs have been reported since the beginning of this year, involving more than 10 ** managers.
Reviewer: Hou Zhihong.
Editor: Yu Hongbo Proofreader: Zhang Diange Producer: Zhang Nan Issued: Peng Yong