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Home » Products/Services » Securities » Exchange Traded Funds » Lyxor ETF China Enterprise (HSCEI)

 

Lyxor ETF China Enterprise (HSCEI)


Lyxor ETF China Enterprise 17.840   -0.190
Current Indicative Net Asset Value *+ (iNAV or IOPV) 17.77
* 15-mins delayed
+ merely indicative

 

 

Date of Listing

19 October 2006

 

Trading Name

LYXOR CHINA H 10US$

Benchmark

Hang Seng China Enterprise Index (HSCEI)

 

Trading Currency

USD

Fund Manager

Lyxor International Asset Management

 

Trading Board Lot

10 units

Custodian

Societe Generale

 

Market Maker

Yes

 

Management Fees

0.65% per annum

 

Bloomberg Code

ASI SP <Equity>

Brokerage Fees

0.25 to 0.5% per transaction

(depends on broker)

 

Reuters Code

LASI.SI

Sales Charge

Nil

 

Dividends

Annually (if any)

 

Click on these links for more information

Fund Website

Index Website

Daily Fund Values

Click on these links to download

Fund Prospectus

Fund Factsheet

Fund Annual Report

ETF Research Report

 

Lyxor China Enterprise (HSCEI) ETF

The Lyxor China Enterprise (HSCEI) ETF offers you an opportunity to own some of China’s most prominent companies listed on the Hong Kong Stock Exchange. The investment objective of the ETF is to achieve results that closely correspond to the performance of Hang Seng China Enterprise Index (HSCEI) insofar as possible minimizing the tracking error between the ETF performance and that of the Index.

 

Key Investor Benefits

1. Capture "The China Opportunity"

  • Access China's most prominent stocks
  • The Hang Seng China Enterprises Index offers two advantages:
    • Exclusive exposure to the Chinese market
    • Combined with an internationally renowned market

2. Achieve diversification

  • Lower volatility compared to direct investment in H shares

3. Achieve auto-rebalancing of dynamics Chinese portfolio

  • With ongoing listing of mainland corporations, such as ICBC, China Merchants Bank, etc.

4. Instantly benefit from the liquidity and investment flows to China stocks

  • Avoid volatile performance of individual Chinese equities

 

Fund Manager – Lyxor International Asset Management

Lyxor International Asset Management is a wholly-owned subsidiary of Societe Generale, belonging to the Corporate and Investment Banking arm of the Group. Lyxor AM offers the best in financial innovation and specializes in three businesses: structured alternative investments, structured funds, and index tracking for retail investors, institutional investors, management professionals and distribution networks for financial products.

 

The Benchmark – Hang Seng China Enterprise Index (HSCEI)

The Hang Seng China Enterprise Index is a capitalization-weighted index comprised of state-owned Chinese companies (H-Shares) listed on the Hong Kong Stock Exchange. The index consists of 37 companies with a total market capitalization of HKD 2.25 trillion as at 6 March 2007.

 

Companies in the Index

As at 5 March 2007

AIR CHINA LTD-H

CHINA SHIP-H

PETROCHINA CO-H

ALUMINUM CORP-H

CHINA SHIPPING-H

PICC PROPERTY &

ANGANG STEEL-H

CHINA TELECOM-H

PING AN INSURA-H

ANHUI CONCH-H

DATANG INTL PO-H

SHANGHAI ELECT-H

BANK OF CHINA-H

DONGFENG MOTOR-H

SINOPEC SHANG-H

BANK OF COMMUN-H

GUANGSHEN RAIL-H

SINOTRANS LTD-H

BEIJING CAP AI-H

GUANGZHOU R&F -H

TSINGTAO BREW-H

CHINA CONST BA-H

HUADIAN POWER-H

WEIQIAO TEXTI-H

CHINA COSCO HO-H

HUANENG POWER-H

YANZHOU COAL-H

CHINA LIFE INSUR

JIANGSU EXPRES-H

ZHEJIANG EXPRESS

CHINA OILFIELD-H

JIANGXI COPPER-H

ZIJIN MINING GRP

CHINA PETROLEU-H

MAANSHAN IRON-H

ZTE CORP-H

CHINA SHENHUA -H

   

 

Historical Price Chart of the Index and ETF

For interactive charting, please click here.

 

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Disclaimers:

A full description of Lyxor ETF China Enterprise (HSCEI) is set out in its Prospectus issued by Lyxor International Asset Management, the responsible person for the Lyxor ETF in Singapore. Copies of the Prospectuses of the Lyxor ETF are available from RBC Dexia Investors Services Singapore Pte Limited (Registration Number 199504540K), the Singapore representative of the Lyxor ETF. All applications for units in the Lyxor ETF must be made on the application form accompanying the Prospectus. This document is published for information and general circulation only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek advice from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objective, financial situation or particular needs of each person before making a commitment to purchase the investment product. The value of units in the Lyxor ETF and the income accruing to the units, if any, may rise or fall. Potential investors should read the Prospectus of the relevant Lyxor ETF before deciding whether to invest in the units of the Lyxor ETF and should seek advice from a financial adviser before investing. If an investor chooses not to do so, he should consider carefully whether the Lyxor ETF is suitable for him. Investors may only redeem units with Lyxor International Asset Management under certain specified conditions. The listing of the units of the Lyxor ETF does not guarantee a liquid market for the units. The Lyxor ETF are not registered in the United States of America and accordingly, will not be made available to any U.S. Person.

Investors with any doubts as regards the suitability of an investment in these products should consult their usual financial advisers before purchasing any units. The mark and name "Hang Seng China Enterprises Index" or “HSCEI” is proprietary to Hang Seng Data Services Limited ("HSDS") which has licensed its compilation and publication to HSI Services Limited ("HSI").  HSI and HSDS have agreed to the use of, and reference to, the HSCEI by Lyxor AM ("the Issuer") in connection with the Lyxor ETF China Enterprise (the "Product").  However, neither HSI nor HSDS warrants, represents or guarantees to any person the accuracy or completeness of the HSCEI , its computation or any information related thereto and no warranty, representation or guarantee of any kind whatsoever relating to the HSCEI is given or may be implied.  Neither HSI nor HSDS accepts any responsibility or liability for any economic or other loss which may be directly or indirectly sustained by any person as a result of or in connection with the use of and/or reference to the HSCEI by the Issuer in connection with the Product, or any inaccuracies, omissions or errors of HSI in computing the HSCE”.  Any person dealing with the Product shall place no reliance whatsoever on HSI and/or HSDS nor bring any claims or legal proceedings against HSI and/or HSDS in any manner whatsoever.