Overview | Key information | Download Related Documents | Holdings |
The Sub-Fund’s investment objective is to achieve long term capital growth by primarily investing in companies which are directly or indirectly involved in the provision of innovative products and/or services (“Innovative Business”).
Active Fund
Pando (the Manager) will use a bottom-up research approach in stock selection, meaning that each stock will be selected by the Manager for inclusion in the Sub-Fund’s portfolio based on its individual merits.
Strategy
In seeking to achieve the Pando Innovation ETF’s investment objective, the Pando Innovation ETF will invest primarily (i.e. at least 70% of its Net Asset Value) in equities of companies which are directly or indirectly involved in Innovative Business.
Innovative Business refers to companies that are leaders in innovation which are able to take advantage of new technologies, led by a management team with the vision to identify market needs that have yet to be fully expressed, and benefit from new industry conditions (such as secular changes in the way people communicate and behave) in the dynamically changing global economy. The following is a non-exhaustive illustration of companies that may be directly or indirectly involved in Innovative Business in which the Pando Innovation ETF will primarily invest: Information Technology; E-commerce; Internet; Online Entertainment; Autonomous & Electric Vehicles; Robotics & Artificial Intelligence; Video Games & E-sports; Blockchain; Fintech; Metaverse (i.e. a virtual-reality space in which users can interact with a computer-generated environment and other users); Semiconductor; Healthcare; Consumer Discretionary Sectors; and Social Media.
Key Information:
Key Operator:
Exchange |
Hong Kong Stock Exchange - Main |
Stock code |
3056 |
Fund Listing Date |
8 December 2022 |
Bloomberg Ticker |
3056 HK EQUITY |
ISIN |
HK0000897592 |
Trading Board Lot |
100 Shares |
Base Currency |
USD |
Trading Currency |
HKD |
Asset Class |
Equity |
Equity Exposure |
Stock-Based |
Dealing frequency |
Daily |
Financial year end |
31 March |
Dividend Policy |
Annually (usually in March of each year) * |
Manager |
Pando Finance Limited |
Market Maker |
China Merchants Securities (HK) Co., Limited |
Custodian |
BOCI-Prudential Trustee Limited |
Fund Administrator |
BOCI-Prudential Trustee Limited |
Registrar |
BOCI-Prudential Trustee Limited |
Participating Dealers |
· China Merchants Securities (HK) Co., Limited · Mirae Asset Securities (HK) Limited · GF Securities (Hong Kong) Brokerage Limited |
*Subject to the Manager's discretion. Distributions (if any) may be paid out of capital or effectively out of capital. Distributions on any shares will be in HKD only. There is no guarantee of regular distribution nor the amount being distributed (if any).
Fund Information
|
Date |
Last^ |
Total NAV (USD) |
2023-01-26 |
4,223,726.51 |
Outstanding units |
2023-01-26 |
3,900,000 |
Fees:
Management Fee | 0.75% per annum |
Ongoing Charges#: | 2.5% |
#This is only an estimate because the Sub-Fund is newly established. It represents the estimated ongoing expenses chargeable to the Sub-Fund over a 12-month period expressed as a percentage of the estimated average net asset value (“Net Asset Value”) of the Sub-Fund over the same period. This figure may vary from year to year. The actual figure may be different from the estimated figure. For the period from the launch of the Sub-Fund to 7 December 2023, the ongoing charges of the Sub-Fund are capped at 2.50% of the average Net Asset Value of the Sub-Fund during this period. Any ongoing expenses exceeding 2.50% of the average Net Asset Value of the Sub-Fund during this period will be borne by the Manager and will not be charged to the Sub-Fund.
Performance:
Cumulative Performance
Reference Date: -
1-Month |
3-Month |
6-Month |
1-Year |
Year-to-date |
Since inception |
-- |
-- |
-- |
-- |
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Annual Performance
2022
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Last Update:
- Past performance is not indicative of future performance.
- Fund performance is calculated on NAV to NAV basis in HKD and assumes dividend reinvestment.
- The figures show by how much the ETF increased or decreased in value during the calendar year being shown.
- Where no past performance is shown, there was insufficient data available for that period to provide performance.
- The performance of the ETF may not reflect the return that the investor would actually be able to obtain as it does not capture the premium / discount of the ETF, or the trading costs.
- Investment involves risks. Investors may not get back the full amount invested. Please refer to the offering documents for more information about the ETF (not just the risks)
- Fund listing date : 8 Dec 2022