General Announcement::United SSE 50 China ETF

Issuer & Securities

Issuer/ Manager
UOB ASSET MANAGEMENT LTD
Securities
UNITED SSE 50 CHINA ETF - SG1Y89950071 - JK8
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Feb-2025 08:22:06
Status
New
Announcement Sub Title
United SSE 50 China ETF
Announcement Reference
SG250225OTHRJ3BN
Submitted By (Co./ Ind. Name)
Joseph Koh Kok Beng
Designation
Senior Director
Effective Date and Time of the event
25/02/2025 08:30:00
Description (Please provide a detailed description of the event in the box below)
The following changes will be applied effective 25 March 2025.

(i) the index which is tracked by the Fund will be changed from the SSE 50 Index (the Old Index ) to the FTSE China A50 Index (the New Index ).

(ii) the investment objective, investment focus and approach of the Fund will be changed.

(iii) the name of the Fund will be changed to UOBAM FTSE China A50 Index ETF ;

(iv) foreign exchange slippage (which is up to 0.05% for creation of units and up to 0.05% for redemption of units) and price slippage (which is variable and may be positive or negative) will be payable by participating dealers and designated market makers who subscribe for or redeem units in the Fund ( Units ).

(v) we will have the ability to, at our discretion, require a participating dealer to pay cancellation compensation to the trustee of the Fund for the account of the Fund in respect of a cancellation or withdrawal of any creation application or redemption application.

(vi) the issue price per Unit and redemption value per Unit shall be ascertained by determining the net asset value per Unit pursuant to the provisions of the trust deed of the Fund (as amended) and truncating the resultant amount to 4 decimal places (instead of 3 decimal places presently).

(vii) dual currency trading will be introduced for the Fund

(viii) the distribution policy of the Fund will be updated.

(ix) the business day convention of the Fund will be changed to additionally include any day (other than a Saturday, Sunday or gazette public holiday) on which commercial banks are open for business in Hong Kong and on which the Shenzhen Stock Exchange is open for trading; and

(x) the dealing deadline for creation applications and redemption applications will be changed from 10.00 a.m. to 12.00 p.m. Singapore time on a dealing day of the Fund.

Attachments

SGXNet Announcement UOBAM FTSE China A50 Index ETF.pdf
Total size =225K