Investment - Website disclosure
Investors can now access more information related to collaterals received and level
of assets invest...
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Portal-Investment
Article
21/06/2019
Website disclosure
Key Messages:
- Investors can now access more information related to collaterals received and level of assets invested by the synthetic passive ETF on its website.
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Synthetic passive ETF managers are required to provide and update the following information on their websites.
- On a daily basis, the overall collateralization level/ total invested assets (expressed as a percentage of the fund's NAV); and
- On a weekly basis:
- Pictorial presentation of collateral / invested assets information by way of pie charts to illustrate the following:
Breakdown by type of collateral / invested assets, such as equity, bond, cash or cash equivalent
[click here to see an illustrative example]
For equities, there should be a further breakdown by primary listing (e.g. Hong Kong Stock Exchange), index constituents (e.g. Hang Seng Index) and sector (e.g. financials, energy)
[click here to see an illustrative example]
For bonds, there should be a further breakdown by type (e.g. corporate, government), countries of issuers / guarantors (e.g. US, Japan) and credit rating (e.g. AAA or equivalent)
[click here to see an illustrative example] - Top 10 holdings in the collateral / invested assets
[click here to see an illustrative example]
Domestic synthetic passive ETF managers are also required to publish the latest collateral management policy on the ETFs' websites.