HONG KONG–(BUSINESS WIRE)–CSOP Asset Management Limited (“CSOP”) is honoured to announce the listing of CSOP Metaverse Concept ETF (stock ticker: 3034.HK) on the Hong Kong Stock Exchange (“HKEX”). As Hong Kong’s first Metaverse ETF, 3034.HK will adopt an active management strategy mainly investing in U.S. listed companies, relating to the Metaverse business, to achieve its investment objective. With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99%, CSOP Metaverse Concept ETF will start to trade on 21 February 2022. Upon inception, CSOP Metaverse Concept ETF (stock ticker: 3034.HK) has received around USD 9 million initial investment.
The Metaverse is best understood as the next iteration of the Internet. Technology giants are investing massive resources into the Metaverse industry. Facebook even changed its company name to META to reflect its ambition of developing the Metaverse. “Metaverse” refers to shared three-dimensional (“3D”) virtual worlds which are engineered and powered by a combination of technologies, tools and standards that enable highly immersive virtual collaborations and interactions between large volumes of concurrent users, which in turn facilitate extensive interoperability of data, digital assets and content. The Metaverse will also combine physical spaces, two-dimensional Internet experiences, for example, apps and webpages, and finite simulations, for example, computer games, with virtual-reality (“VR”) and augmented reality (“AR”) technologies. As the key sector driving the growth of the Metaverse, the global AR/VR market size is forecasted to rise to around USD 300 billion by 2024, indicating the huge growth potential of Metaverse.1 The Metaverse is capable of establishing virtual environments where people can interact as if they were present in person and the Covid-19 pandemic has accelerated the development of Metaverse. Both the technology breakthrough and trendy future life mode bode well for the Metaverse, indicating its promising future development. The global Metaverse market is estimated to grow from approximately USD 5 million in 2020 to USD 1.5 trillion in 2030, indicating a high CAGR of 253%.2
Adopting an actively managed investment strategy, 3034.HK primarily invests in companies, which are directly or indirectly involved in the use of innovative technology to offer products or services which contribute to the development of the Metaverse. 3034.HK comprehensively covers 46 most representative leaders in the Metaverse area in the US market.3 These companies represent advanced technological progress in the forthcoming Metaverse, ranging from infrastructure and engineering to application and content. As of 03 February 2022, the total market cap of these companies is USD 5.2 trillion.4 CSOP Metaverse Concept ETF (stock ticker: 3034.HK) presents global investors with opportunities in the most cutting-edge area easily and transparently.
CSOP has been a pioneer in portraying a smarter, healthier and greener future by bringing a series of future-themed ETFs to global investors. The launch of CSOP Metaverse Concept ETF will further broaden the CSOP thematic ETF spectrum, bringing it to the next level.
Melody He, Deputy CEO, comments, “The Metaverse represents the beginning of a brand new era, in which a parallel new world will be created. As the latest and one of the most important members of the CSOP thematic ETF series, CSOP Metaverse Concept ETF is our bold attempt at something new and futuristic, providing our investors with state-of-the-art investment opportunities. We are optimistic about future thematic investments and firmly believe that adding CSOP Metaverse Concept ETF to our product line will further fulfill all of our investors’ investment needs.”
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. In addition, CSOP is best known as an ETF leader in Asia. As of 31 December 2021, CSOP has more than USD 11 billion in assets under management.
IMPORTANT: Investment involves risks. Investment value may rise or fall.
The CSOP Metaverse Concept ETF (the “Sub-Fund”) is a sub-fund of the CSOP ETF Series OFC (the “Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Sub-Fund is an actively managed exchange traded fund authorised under Chapter 8.10 of the Code on Unit Trusts and Mutual Funds. The shares of the Sub-Fund (the “Shares”) are traded on the Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks.
- The Sub-Fund is not principal guaranteed and your investments may suffer losses. There is no assurance that the Sub-Fund will achieve its investment objective.
- The Sub-Fund employs an actively managed investment strategy. The Sub-Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Sub-Fund to underperform as compared to other index tracking funds with a similar objective.
- The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
Please note that the above listed investment risks are not exhaustive and investors should read the relevant Prospectus and Product Key Facts Statement in detail before making any investment decision.
CSOP Metaverse Concept ETF is authorized by the Securities and Futures Commission (“SFC”) in Hong Kong. Such authorization does not imply any official recommendation by the SFC. This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. This offer or material and the information contained in it are for general information only and do not constitute financial, professional, investment or any other kind of advice in any way and shall not be considered as an solicitation to deal in any investment products. If you wish to receive advice on investment, please consult your professional legal, tax and financial advisers.
CSOP Asset Management Limited (“CSOP”) which prepared this material believes that information in this material is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date.
Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the relevant Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions.
This material should not be reproduced or made available to others without the written consent of CSOP.
Please refer to the offering documents for the index provider disclaimers.
This material is prepared by CSOP and has not been reviewed by the Securities and Futures Commission in Hong Kong.
Issuer: CSOP Asset Management Limited
1 Source: Statista, as of 23 November 2021
2 Source: Bloomberg, PwC, Essence Securities
3 Source: CSOP Asset Management, as of 03 February 2022
4 Source: CSOP Asset Management, as of 03 February 2022
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