UOBAM Ping An ChiNext ETF

About UOBAM Ping An ChiNext ETF (the “Fund”)

The UOBAM Ping An ChiNext ETF seeks to replicate as closely as possible, before fees, costs and expenses, the performance of the ChiNext Index by investing all, or substantially all, of the Fund’s assets into the Ping An ChiNext ETF (the “Underlying Fund”).

The Ping An ChiNext ETF is listed on Shenzhen Stock Exchange (“SZSE”) and is managed by Ping An Fund Management Company Limited (“Ping An”).





About the ChiNext Index

The ChiNext Index (the “Index”) is the benchmark and flagship index of the ChiNext Market. It is free-float market capitalisation-weighted and is composed of the 100 largest and most liquid A-shares listed and traded on the ChiNext Market of the SZSE.

Index features


Over 1,100 stocks in the investment universe
Comprises fast-growing companies in traditional and emerging industries


Diversification benefits
Selects the top 100 companies in size and liquidity that are listed on the ChiNext Market


Growth opportunities
Provides exposure to the largest enterprises in China's growing industries like Contemporary Amperex Technology Co Ltd, East Money Information Co Ltd, Shenzhen Inovance Technology Co Ltd, and Shenzhen Mindray Bio-Medical Electronics


Semi-annual rebalancing
Rebalances semi-annually, every June and December. Buffer zone and limit on the number of new constituents to reduce the turnover of the Index


Quality filters
Includes only companies which satisfy the following criteria:

  • Not labelled as “Special treatment”*
  • Listed for more than 6 months – with the exception for stocks ranked within the top 1% of Shenzhen market by A-Share total market cap
  • No major violations in laws and regulations, and no major problems in financial reports in the latest year
  • No abnormal operation or substantial losses in the latest year
  • No abnormal fluctuation in stock price during the review period

*Listed companies with abnormal financial conditions or other abnormal conditions are imposed with the special treatment (ST) tag by Shanghai and Shenzhen Stock Exchanges in order to indicate the risk of the stock to investors.


Fast entry rules
Fast entry rule to include newly listed stocks - stocks ranked within the top 10 average daily market cap of the Shenzhen market for its first 5 trading days, will be included into the index on the 15th trading day


ChiNext Index methodology


About Ping An Fund Management Company Limited (“Ping An”)


Established in 2011, Ping An is a member of the Ping An Insurance (Group) Company of China, Ltd.

Ping An is approved by the China Securities Regulatory Commission and it is committed to providing professional and comprehensive asset management services for domestic and foreign investors.


Source: Ping An Fund Management Company Limited, as of 31 December 2023.


Why Invest


Simplicity and accessibility


Gain access to the ChiNext Market, which is less accessible to foreign retail investors

Currency options
Trades are available in both Singapore Dollar (SGD) and United States Dollar (USD)

Supplementary Retirement Scheme (SRS) compatible
Invest using cash and/or your SRS account


No minimum board lot size
Tradeable on the Singapore Stock Exchange (SGX) from 1 unit per trade order

Excluded Investment Product (EIP)
Does not require the fulfilment of the Customer Account Review (CAR) criteria to trade


Seize investment through China’s technological revolution1

At the Central Economic Work Conference last December, China's top leaders identified several priorities for 2023 including:

  • Supporting technology innovation and green development
  • Promoting emerging strategic industries
  • Leading breakthroughs in key and core technologies

Amid US restrictions on selling advanced semiconductor chips to Chinese companies, China wants to develop its own technology prowess and reduce its reliance on foreign technologies.

China’s rising digital ecosystem leads the world in major digital metrics4, which further fosters the acceleration of the digital innovation wave.


Capitalise on China’s green economy transition

China’s Five Year Plan aims to reduce greenhouse gas emissions while maintaining a sustained economic development. Sectors will have to be developed with a low carbon intensity such as digital technologies and other high tech industries.


Government subsidies to boost EV sales6

As global electric vehicle (EV) uptake rises, world demand for lithium is forecasted to more than double between 2020 and 2023. The shift of global economies towards a more environmentally friendly growth path presents significant opportunities for China, as the country is a prominent player in the green ecosystem.


China’s thriving healthcare sector

China’s drive for self sufficiency in healthcare and the recent pandemic has led to the sector’s growth and strong policy support for domestic healthcare companies.


Low correlation with major indexes and asset classes

The ChiNext Index offers diversification benefits for investors due to its relatively low correlation with major broad market indexes and alternative asset classes. It can be used as a satellite component in a core-satellite portfolio.



More Information

ChiNext Index performance12


Composition of the ChiNext Index13

Source: Shenzhen Securities Information Co Ltd, as of 29 December 2023


Composition of ChiNext Index13

Constituent Name Weight Sector
Contemporary Amperex Technology Co Ltd 15.0% Industrials
East Money Information Co Ltd 6.4% Financials
Shenzhen Mindray Bio-Medical Electronics Co Ltd 5.6% Health Care
Shenzhen Inovance Technology Co Ltd 4.4% Industrials
Wens Foodstuffs Group Co Ltd 4.0% Consumer Staples
Sungrow Power Supply Co Ltd 3.2% Industrials
Zhongji Innolight Co Ltd 2.6% Telecommunication Services
Chongqing Zhifei Biological Products Co Ltd 2.5% Health Care
Aier Eye Hospital Group Co Ltd 2.5% Health Care
Eve Energy Co Ltd 1.9% Industrials


Fund details
Manager UOB Asset Management Ltd
Trustee State Street Trust (SG) Limited
Index ChiNext Index
Stock Exchange Singapore Exchange Securities Trading Limited (SGX)
Management Fee14 Currently 0.50% p.a.; Maximum 2% p.a.
Trustee Fee14 Currently not more than 0.05% p.a
No. of Index Constituents 100
Replication Method Physical replication
Distribution Policy14 Fund Manager may but currently do not make distributions for the Fund.
Listing Date 14 November 2022
Currency Classes SGD Class Units (Primary Currency: SGD | Secondary Currency: USD)
SGX Stock Code Units traded in SGD: (CXS) | Units traded in USD: (CXU)
Trading Size Buy/sell on SGX: Minimum 1 unit per lot
Participating Dealers CGS-CIMB Securities International Pte Ltd | DBS Vickers Securities (Singapore) Pte Ltd | Futu Singapore Pte Ltd (Moomoo) | iFAST Financial Pte Ltd (FSMOne, iFAST Global Markets, iFAST Central, iFAST Prestige) | Phillip Securities Pte Ltd
Designated Market Maker Phillip Securities Pte Ltd
Fund Classification for Retail Investors Units of the Fund are Excluded Investments Products (EIP).
NAV per unit Please refer to Fund Prices
Tracking Difference and Tracking Error Please refer to Fund Factsheet

1 Source: The State Council, The People's Republic of China, China holds Central Economic Work Conference to plan for 2023, 17 December 2022
2 Source: World Intellectual Property Organization Statistics Database, February 2023
3 Source: World Intellectual Property Organization, Global Innovation Index 2022 - What is the future of innovation-driven growth?, April 2022
4 Source: McKinsey & Company, The Future of Digital Innovation in China, October 2021
5 Source: Tsinghua University Institute of Energy, Environment and Economy; U.S. EIA, July 2021
6 Source: South China Morning Post, Article - Local governments in China dangle car subsidies to tap US$874 billion of excess savings, crank up post-pandemic growth, 7 March 2023
7 Source: International Energy Agency, Report - The Role of Critical Minerals in Clean Energy Transitions, May 2021
8 Source: International Energy Agency, Report - Global EV Outlook 2022, May 2022
9 Source: Shenzhen Securities Information Company Limited, January 2023
10 Source: Statista, 2022
11 Note: A perfect positive correlation means that the correlation coefficient is exactly 1. This implies that as one security moves, either up or down, the other security moves in lockstep, in the same direction. A perfect negative correlation means that two assets move in opposite directions, while a zero correlation implies no linear relationship at all. Source: UOBAM, Bloomberg, as of 31 December 2023, based on the weekly data from the past 5 years.
12 Source: MXCN Index (MSCI China Index) China Performance Chart Daily, 4 April 2018 - 29 December 2023
13 Source: Shenzhen Securities Information Co Ltd, as of 29 December 2023
14 Please check with the distributor or refer to the Fund’s prospectus for more details.





Fund Prospectus

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Fund Factsheet

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Fund Commentary

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How to Purchase

Investing for Individuals

Investing for Individuals

Available for subscription on:


CGS-CIMB Securities International Pte Ltd
DBS Vickers Securities (Singapore) Pte Ltd
iFAST Financial Pte Ltd (FSMOne, iFAST Global Markets, iFAST Central, iFAST Prestige)
Phillip Securities Pte Ltd


Investing for Institutions

Investing for Institutions

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MSCI Data are exclusive property of MSCI. MSCI Data are provided “as is”, MSCI bears no liability for or in connection with MSCI Data. MSCI full disclaimer at msci.com/notice-and-disclaimer-for-reporting-licenses.

This document is for general information only. It does not constitute an offer or solicitation to deal in units (“Units”) in the UOBAM Ping An ChiNext ETF (the “Fund”) or investment advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information contained in this document, including any data, projections and underlying assumptions, are based upon certain assumptions, management forecasts and analysis of information available and reflects prevailing conditions and the views of UOB Asset Management Ltd (“UOBAM”) as of the date of this document, all of which are subject to change at any time without notice. In preparing this document, UOBAM has relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was otherwise reviewed by UOBAM. While the information provided herein is believed to be reliable, UOBAM makes no representation or warranty whether express or implied, and accepts no responsibility or liability for its completeness or accuracy. Nothing in this document shall, under any circumstances constitute a continuing representation or give rise to any implication that there has not been or there will not be any change affecting the Fund. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of the Fund or UOBAM and any past performance or prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of Units and the income from them, if any, may fall as well as rise, and is likely to have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in Units involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited (“UOB”), UOBAM, or any of their subsidiary, associate or affiliate (“UOB Group”) or distributors of the Fund. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the Fund's prospectus. The UOB Group may have interests in the Units and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should note that the Fund is not like a conventional unit trust in that an investor cannot redeem his Units directly with UOBAM and can only do so through the participating dealers, either directly or through a stockbroker if his redemption amount satisfies a prescribed minimum that will be comparatively larger than that required for redemptions of units in a conventional unit trust. The list of participating dealers can be found at www.uobam.com.sg.

An investor may therefore only be able to realise the value of his Units by selling the Units on the Singapore Exchange Limited (“SGX”). Investors should also note that any listing and quotation of Units on the SGX does not guarantee a liquid market for the Units. An investment in unit trusts is subject to investment risks and foreign exchange risks, including the possible loss of the principal amount invested. Investors should read the Fund’s prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before deciding whether to subscribe for or purchase any Units. You may wish to seek advice from a financial adviser before making a commitment to invest in any Units, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. The Fund is not in any way sponsored, endorsed, sold or promoted by and/or its affiliates and SGX and/or its affiliates make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the ChiNext Index (the “Index”) and/or the figure at which the Index stands at any particular time on any particular day or otherwise, The Index is administered, calculated and published by SGX. SGX shall not be liable (whether in negligence or otherwise) to any person for any error in the Fund and the Index and shall not be under any obligation to advise any person of any error therein. “SGX” is a trademark of SGX and is used by the Index under license. All intellectual property rights in the Index vest in SGX. Please note that, where relevant, the general disclaimers and jurisdiction specific disclaimers found on SGX’s website at http://www.sgx.com/terms-use are also incorporated into and applicable to this document/material.

This advertisement has not been reviewed by the Monetary Authority of Singapore.