CSOP ETFs Weekly Performance Recap-20240715
•Last week, LCU (+2.01% in USD), SQU (+3.15% in USD), SRT (+7.10% in SGD) and $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ (+1.96% in SGD) gained, while $CSOP DIV ETF S$ (SHD.SG)$ (-1.32% in SGD) fell.
• $CSOP LOW CARBON US$ (LCU.SG)$ gains can be attributable to IT, consumer discretionary and financials by sectors. By geography, gains were led by Japan, Taiwan and China. In terms of individual firms, gains were mainly driven by TSMC, Sony Group and Tokyo Electron. $Taiwan Semiconductor (TSM.US)$ gained as it reported its fastest sales growth since 2022 in Q2. $Sony Group (6758.JP)$ rose amidst a backdrop of Sony Music Entertainment’s animation unit Aniplex and game developer Pocketpair establishing a new joint venture called Palworld Entertainment.
• $CSOP SEA TECH ETF(USD) (SQU.SG)$ gains are predominantly due to Delta Electronics, Venture Corp and Sea Ltd. Delta Electronics gained because it was raised to buy by UOB Kay Hian and hold by CGS International. CGS International mentioned that Delta stands to benefit amidst rising cloud usage and AI training, which would increase the demands for power and cooling in data centers and servers. $Sea (SE.US)$ share price increased following news that its shares, among the 13 Asian e-commerce companies tracked by Bloomberg Intelligence, have seen the highest increase of 77% year-to-date as of July 3.
• $CSOP S-REITs INDEX ETF (SRT.SG)$ gained due to industrial, office and data center REITs. By individual REITs, losses were because of KDCREIT, FLT, and MPACT. KDCREIT rose on the back of its maiden buy of a Tokyo data center giving access to Asia’s second biggest data centre hub, and possibly be 1.1% DPU accretive.
Disclaimers
“The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”).This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.”
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