Equity

3022 / 9022

iShares MSCI Emerging Markets ETF (HK)

IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of the iShares MSCI Emerging Markets ETF (HK) (the “ETF”) for details, including the risk factors. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice. Investors should not base investment decisions on this marketing material alone. Investors should note:
• The ETF is a feeder fund and seeks to achieve its investment objective by investing substantially into iShares MSCI EM UCITS ETF USD (Dist) (the “Master ETF”). The Master ETF is not authorised by the SFC and is not available for direct investment by retail investors in Hong Kong on the SEHK.
• The ETF invests substantially in the Master ETF.  The management company of the Master ETF is an affiliate of the Manager and so potential conflicts of interest may arise.
• There can be no assurance that the Master ETF’s investment objectives and strategies will be successfully achieved or that the liquidity of the Master ETF will always be sufficient to meet realisation requests. In addition, there could be trading suspension of the Master ETF in the secondary market.
• The Manager also has no ability to control the manner in which the management company and investment manager of the Master ETF will make investments in accordance with the Master ETF’s investment objective and strategy (which may change from time to time). Any tracking error of the Master ETF and difference of the underlying constituents will contribute to the tracking error of the ETF.
• The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI Emerging Markets Index. The exposure of the ETF is concentrated in the emerging markets, which may involve increased risks and special considerations not typically associated with investments in more develop markets. The Master ETF is in particular concentrated in the Chinese markets, and may be more susceptible to any economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory occurrence affecting emerging markets including the Chinese markets.  The ETF may therefore be more susceptible to greater price volatility when compared to a more diverse fund.
• The Master ETF and the ETF may potentially be subject to tracking error risk, which is the risk that their returns may not track exactly those of the underlying index.
• The Master ETF invests in stocks of large to mid-capitalisation companies. Securities of mid-capitalisation companies tend to be more volatile and less liquid than securities of larger capitalisation companies.
• The ETF’s Base Currency is in USD but has units traded in HKD (in addition to USD). Investors may be subject to additional costs or losses associated with foreign currency fluctuations between the Base Currency and the HKD trading currency when trading units in the secondary market.
• If there is a suspension of the inter-counter transfer of units between the counters and/or any limitation on the level of services provided by brokers and CCASS participants, Unitholders will only be able to trade their units in one counter. The market price of units traded in each counter may deviate significantly.
• The trading price of the ETF’s Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the ETF’s NAV.
• The Manager may at its discretion pay dividends out of the capital of the ETF. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the ETF’s capital may result in an immediate reduction of the NAV per Unit.
• The ETF may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The ETF may suffer losses from its derivatives usage.
• The ETF is subject to securities lending transactions risks. In particular, the borrower may fail to return the securities in a timely manner and the value of the collateral may fall below the value of the securities lent out.

Overview

Estimated NAV per unit is indicative and for reference purposes only. It is calculated, disseminated on a delayed basis and displayed on this website by ICE Data Services. The estimated NAV per unit for each trading currency other than the Base Currency is calculated using the estimated Net Asset Value per Unit in the Base Currency multiplied by the real time exchange rate provided by ICE Data Services for each such trading currency. The near real time estimated NAV per unit is updated at 15-second intervals during trading hours of the Stock Exchange of Hong Kong.
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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  2019 2020 2021 2022 2023
Total Return (%) -3.34 -19.99 9.26
Benchmark (%) -2.54 -20.09 9.83
  1y 3y 5y 10y Incept.
12.83 -6.12 - - 2.28
Benchmark (%) 12.39 -6.23 - - 2.24
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.57 0.87 3.80 7.79 12.83 -17.27 - - 9.13
Benchmark (%) 3.41 0.56 3.52 7.45 12.39 -17.54 - - 8.95

Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the calendar year end, NAV-to-NAV with dividend reinvested.

These figures show by how much the iShares Fund increased or decreased in value during the calendar year being shown. Performance is calculated in the base currency of the iShares Fund, including ongoing charges and taxes, and excluding your trading costs on SEHK.

Please refer to the Key Facts section for the inception date of the iShares Fund.

Where no past performance is shown there was insufficient data available in that calendar year to provide performance.

Benchmark performance does not reflect any management fees, transaction costs or expenses.

Source: BlackRock, MSCI

Key Facts

Key Facts

Net Assets of Fund
as of 13-Jun-2024
USD 8,070,371
Exchange
Hong Kong Stock Exchange
Asset Class
Equity
Index Ticker
NDUEEGF
Management Fee
0.18%
Distribution Frequency
Annually
Bloomberg Ticker
3022 HK
SFC-authorised ESG fund
No
Fund Inception
17-Jul-2020
Fund Base Currency
USD
Benchmark Index
MSCI Emerging Markets Index
Shares Outstanding
as of 13-Jun-2024
130,000
ISIN
HK0000625217
Domicile
Hong Kong
Derivative Fund
No
For premium / discount information, please refer to the pricing & exchange table below.

For more information regarding the index, please visit here.

For more information regarding the Master ETF, please visit here.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 14-Jun-2024
1
12M Trailing Distribution
as of 13-Jun-2024
2.29%
3y Beta
as of 31-May-2024
0.983
P/B Ratio
as of 14-Jun-2024
1.85
Benchmark Level
as of 14-Jun-2024
USD 567.87
Standard Deviation (3y)
as of 31-May-2024
17.49%
P/E Ratio
as of 14-Jun-2024
15.45

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 14-Jun-2024
0.55%
MSCI - Nuclear Weapons
as of 14-Jun-2024
0.00%
MSCI - Civilian Firearms
as of 14-Jun-2024
0.00%
MSCI - Tobacco
as of 14-Jun-2024
0.33%
MSCI - UN Global Compact Violators
as of 14-Jun-2024
1.08%
MSCI - Thermal Coal
as of 14-Jun-2024
0.96%
MSCI - Oil Sands
as of 14-Jun-2024
0.00%

Business Involvement Coverage
as of 14-Jun-2024
99.87%
Percentage of Fund not covered
as of 14-Jun-2024
0.13%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 2.10% and for Oil Sands 0.04%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Holdings

Holdings

Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Market Currency
Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Market Currency
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 14-Jun-2024

% of Weight

Type Fund
As a percentage of NAV of the Fund. Based on Global Industry Classification Standard (GICS). Please note this data excludes underlying investments of any exchange traded funds that may be invested by the Fund. Allocations are subject to change. Due to rounding, the total may not be equal to 100%.
as of 14-Jun-2024

% of Weight

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the Master ETF, added together and then expressed as a percentage of the Master ETF’s total holdings. However, in some instances, it can reflect the location where the issuer of the securities carries out much of their business. Due to rounding, the total may not be equal to 100%.
Allocations are subject to change.

Participating Dealers

Participating Dealers

Barclays Bank PLC
BNP PARIBAS Securities Services
Citigroup Global Markets Asia Limited
China Merchants Securities (HK) Co., Limited
Credit Suisse Securities (Hong Kong) Limited
ABN AMRO Clearing Hong Kong Limited
Goldman Sachs (Asia) Securities Limited
Haitong International Securities Group Limited
The Hongkong and Shanghai Banking Corporation Limited
J.P. Morgan Broking (Hong Kong) Limited
Mirae Asset Securities (HK) Limited
Merrill Lynch Far East Limited
UBS Securities Hong Kong Limited

Exchange

Exchange

Ticker Exchange Currency Listing Date Premium Discount Premium Discount As Of NAV NAV $ Change NAV % Change Price As Of NAV As Of Closing Price Closing Price $ Change Closing Price % Change FX to Base Ccy 20d Avg Volume Exchange Volume Bloomberg Ticker Bloomberg IOPV Bloomberg INAV Bloomberg Shares Out. SEDOL ISIN RIC Trading Board Lot
3022 XHKG Hong Kong Dollar 22-Jul-2020 1.10 13-Jun-2024 484.86 -3.32 -0.68 14-Jun-2024 13-Jun-2024 490.20 0.00 0.00 7.81020 76.00 - 3022 HK 3022NAV 3022IV 3022SHO BKWGSZ6 HK0000625217 3022.HK 100.00
9022 XHKG U.S. Dollar 22-Jul-2020 1.13 13-Jun-2024 62.08 -0.43 -0.69 14-Jun-2024 13-Jun-2024 62.78 0.00 0.00 - 30.00 - 9022 HK 9022NAV 9022IV 9022SHO BKWGTW0 HK0000625209 9022.HK 100.00
*FX to Base Ccy - WM Reuters 4:00pm (London time). Please note 4:00p.m (London time) (i) during British Summer Time is equivalent to 11:00pm Hong Kong Time and (ii) otherwise is equivalent to 12:00am Hong Kong Time.

Documents

Documents