The French asset manager said the estimated fee is tipped to reach 0.48%, compared to more than 1% for the other three Hong Kong-listed ETFs tracking the same index.
The underlying index of the Amundi ETF tracks the 50 largest A-share companies of which nearly 70% are in the financial sector, including banks, insurance and other financial services companies.
A CSOP spokesman said the firm has no plans to cut the fees of its A-shares ETF as investors are also concerned about the product liquidity and efficiency.
In April, Amundi debuted its first Hong Kong-listed ETF tracking the biggest Hong Kong companies with a non-China focus.
Comparison of the A50 ETFs in Hong Kong
| Name of ETF (trading in HKD) | Listing date |
Ongoing charges (OCF) |
Type | Rolling one- year tracking difference |
AUM ended Oct 31 (HK$ m) |
| Amundi FTSE China A50 Index ETF | Oct 2016 | Estimated 0.48% | Physical |
Estimated -1.5% |
282 |
| CSOP FTSE China A50 ETF | Aug 2012 | 1.19% | Physical | 0.69% | 21,999 |
| iShares FTSE A50 China Index ETF | Nov 2004 | 1% | Synthetic (in transition to physical) | 1.54% | 31,016 |
| Bosera FTSE China A50 Index ETF | Dec 2013 | Max 3%* | Physical | -0.92% | 17 |
Source: HKEx, fund factsheets, FE
*Total expense ratio (TER)
The performance of three ETFs and the FTSE China A50 index over the past 12 months:
Seperately, Mirae Asset Global Investment in Hong Kong said its head of ETFs, Carmen Cheung, is leaving the firm due to family reasons.
She will be replaced by David Quah, who joined the firm in May as an ETF product specialist.
