HONG KONG, Jan 31 (Bernama-BUSINESS WIRE) — CSOP Nikkei 225 Index ETF (3153.HK) will be listed on the Hong Kong Stock Exchange on January 31, 2024, making it the first Nikkei 225 Index ETF in Hong Kong. In order to track the performance of the Nikkei 225 Index , 3153.HK deploys a full replication strategy, with a listing price of about 78 Hong Kong dollars per unit, trading lot of 10, and management fee of 0.99% of the ETF’s net asset value per year. 3153.HK has received an initial investment of 13 million US dollars.
Nikkei 225 Index rose by 30% in 2023, making Japan the highest returning stock market among major global markets1. At the beginning of 2024, it surged above 34,000 points, setting a new high since March 1990 (the period of the asset price collapse)2. With the endorsement of Warren Buffett, the “Oracle of Omaha”, Japan’s economy breaking free from the deflation curse, and the implementation of “price-to-book ratio (PBR)” reform of the Tokyo Stock Exchange, the Japanese stock market is attracting more investors’ attention than ever.