Important Information
Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the ETF’s prospectus and product key facts statement for further details, including the product features and risk factors before making any investment decisions.
  • Bosera STAR 50 Index ETF (the “ETF”) aims to provide investment results that, before fees and expenses, closely correspond to the performance of the SSE Science and Technology Innovation Board 50 Index (the “Index”).
  • The ETF is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the ETF may suffer losses. The ETF is a physical RQFII, RMB denominated exchange traded fund investing directly in A-shares.
  • The ETF is passively managed and the ETF will decrease in value for any decline in the Index. Bosera Asset Management (International) Co., Limited. (the “Manager”) will not adopt any temporary defensive position against any market downturn.
  • The Index is a new index. The Sub-Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history.
  • The ETF is subject to concentration risk as a result of tracking the performance of a single geographical region (PRC) and companies focusing on technology innovation. It may likely be more volatile than a broad-based fund.
  • The Science and Technology Innovation Board of Shanghai Stock Exchange (the “STAR Board”) is subject to risks of higher fluctuation on stock prices and liquidity, over-valuation, differences in regulation, delisting and concentration. Investments in the STAR Board may result in significant losses for the ETF and its investors.
  • As the STAR Board may be open when Units in the ETF are not priced, the value of the securities in the ETF’s portfolio may change on days when investors will not be able to purchase or sell the ETF’s Units. Differences in trading hours between the STAR Board and the SEHK may increase the level of premium/ discount of the Unit price to its NAV because if the STAR Board is closed while the SEHK is open, the Index level may not be available. A-Shares are subject to trading bands which restrict increases and decreases in the trading price. Units listed on the SEHK are not. This difference may also increase the level of premium or discount of the Unit price to its NAV or the ETF may be unable to track the Index.
  • If there is a suspension of the inter-counter transfer of Units between the HKD counter and the RMB counter for any reason, Unitholders will only be able to trade their Units in the relevant counter on the SEHK. The market price on the SEHK of Units traded in HKD and of Units traded in RMB may deviate significantly due to different factors, such as market liquidity, supply and demand in each counter and the exchange rate between the RMB and the HKD (in both the onshore and the offshore markets).
  • The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. The Units may trade at a substantial premium or discount to the NAV.
This material has not been reviewed by the Securities and Futures Commission.

PRODUCT HIGHLIGHTS

Bosera STAR 50 Index ETF

2832.HK
82832.HK
SSE Science and Technology Innovation Board 50 Index
(STAR 50)
Stock Code: HKD Counter Stock Code: RMB Counter Underlying Index
100UNITS
100UNITS
2021/2/18*
Trading Lot Size: HKD Counter Trading Lot Size: RMB Counter Listing Date:
1.00%
MAXIMUM
1.88%
LEARN MORE
Management Fee Total Expense Ratio
* Prior to February 18, 2021, the underlying index of the Bosera STAR Index 50 ETF was the FTSE China A50 Index. The underlying index of the Bosera STAR 50 Index ETF was changed to the SSE Science and Technology Innovation Board 50 Index on February 18, 2021.

STAR 50 INDEX

1. NASDAQ of China

The STAR 50 Index consists of 50 securities with largest market capitalization and good liquidity listed on the Shanghai Exchange. The index is the NASDAQ of China which aims to reflect the overall performance of leading innovative tech companies. Comparing with the NASDAQ-100 Index, the STAR 50 Index has a higher proportion of emerging innovation and technology companies (67%). Although companies listed on the SSE Science and Technology Innovation Board(“STAR Board”) are in the early stage of growth and the performance can be quite volatile, they may also bring massive investment potential.
Index STAR 50 Index1 NASDAQ – 100 Index2 Hang Seng TECH Index3
Exchange Shanghai United States Hong Kong
Number of Constituents 50 101 31
Features The 50 largest market capitalization and good liquidity companies listed on the STAR Board. It aims to reflect the performance of leading innovative tech companies. The top 100 non-financial stocks with the largest market capitalization among companies listed on the NASDAQ Stock Exchange. Revenue primarily originated from technology platforms with over 5% of R&D investment or with a revenue growth higher than 10%.
Theme China's hardcore technology such as semiconductor, mechanical equipment, computer industries, and biomedicine Non-financial sectors such as information technology, telecom services, consumer, and healthcare. Focus on software technology such as Internet, financial technology, cloud, e-commerce, and digital business.
1Source: China Securities Index Co., Ltd, as of December 31, 2020
2Source: Nasdaq, Inc, as of December 31, 2020
3Source: Hang Seng Indexes Co., Ltd, as of December 31, 2020
chart chart
1Source: China Securities Index Co., Ltd, as of December 31, 2023
2Source: Hang Seng Indexes Co., Ltd, as of December 31, 2023
3Source: Nasdaq, Inc, as of December 31, 2023

2.The Engine of China's Economic Growth

China has placed more emphasis on scientific research and development, and it has become the engine of economic growth in Mainland China. Despite the global pandemic, the weighted revenue and the profit growth of STAR 50 Index covering Chinese scientific research elite companies in 2020 is expected to grow by 54.6% and 51.6%,respectively.

Also, China’s total R&D expenditure in 2019 reached 2.17 trillion-yuan, accounting for 2.19% of the GDP, and ranked second in the world. In the same year, the average R&D expenditures of the STAR 50 Index accounted for 13% of the revenue, unlocking unlimited potential.

3.Comprehensive Coverage of China’s Hardcore Technology

The STAR 50 Index is a collection of national scientific research wisdom, covering hardcore technologies such as electronics, mechanical equipment, and computer industries. China’s semiconductor industry is striving for “chip autonomy” — to shoot up the chip self-sufficiency rate from 30% at present to 70% by 2025. It is likely that the Shanghai STAR Board would play an important role in China’s science and technology development. As it matures, more unicorns are likely to be attracted. Most of the companies on the STAR Board are in the growth stage of the business cycle. As more resources are mobilized in R&D, the growth potential is yet to be exploited.

BOSERA STAR 50 INDEX ETF

2832

1.LOWER COST

The subscription cost of 100 units of Bosera STAR 50 Index ETF is less than RMB 1,100, which is much lower than the amount required investing in all the STAR 50 Index constituent stocks.
BOSERA STAR 50 INDEX ETF
100 Units Total Cost
HKD counter (HKD) <1,100#
RMB counter (CNY) <1,100#
 
 
STAR 50 INDEX
Individual Stock Total Cost (CNY)
Maximum 112,244#
Minimum 609#
Subscription of 50 constituents 571,839#
#Data source: Bloomberg, estimated based on the stock price on January 18, 2021 (for reference only）

2.RISK DIVERSIFICATION

With the explosive growth potential, the constituent stocks of STAR 50 Index also come with higher risk. Therefore, by investing in a basket of stocks via STAR 50 Index ETF, the portfolio volatility is likely to be reduced.

3.SOLID INVESTMENT EXPERIENCE

Founded on 13 July 1998, Bosera Asset Management Co., Limited ("Bosera") is one of the first five fund management pioneers established in mainland China. She is also one of the earliest ETF participants in the China market. Bosera launched the first corporate bond ETF in the Mainland China and was also the first fund management company to launch cross-border ETFs, gold ETF, and state-owned enterprise ETF. Outside China, Bosera Asset Management (International) Co., Limited (“Bosera International”), the wholly-owned subsidiary of Boaera, is the investment advisor of the first ETF tracking MSCI China A International Index in the United States and currently the largest MSCI A ETF in the US market. Bosera’s ETF investment team has solid experience and rigorous risk management standards. Extraordinary investment capabilities of ETF portfolio managers well lay the foundation for outstanding investment performance.

Source: Bloomberg, data as of January 31,2021
Investment involves risks
Past performance does not represent its future performance. Investment involves risks and there is no guarantee that the objectives of these investments will be achieved. Please refer to the relevant sales documents for details, including risk factors. The website issued by Bosera Asset Management (International) Co., Ltd. has not been reviewed by the Hong Kong Securities and Futures Commission.

Index Provider Disclaimer
All rights in the SSE Science and Technology Innovation Board 50 Index (“Index”) vest in Shanghai Stock Exchange (“SSE”). Neither SSE nor China Securities Index Company (“CSI”) makes any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. Neither SSE nor CSI is liable to any person for any error of the Index (whether due to negligence or otherwise), or under any obligation to advise any person of any error therein. The ETF based on the Index is in no way sponsored, endorsed, sold or promoted by SSE or CSI. Neither SSE nor CSI shall have any liability with respect thereto.
The copyright of this material belongs to Bosera Asset Management (International) Co., Ltd. Without the prior written authorization of the company, no one may publish or copy the content of this material in any form, nor may it delete or modify the content of this material contrary to the original intention.
Investment is risky, please choose carefully.