Financial Performance - The Sub-Fund's performance for the period showed a NAV decrease of -13.76%, while the underlying index decreased by -6.91%, and the price return of the HKD counter (stock code 7588) was -14.47%[10] - Total comprehensive loss for the period ended June 30, 2022, was HKD 6,110,362, compared to a loss of HKD 10,462,023 for the same period in 2021[19] - As of June 30, 2022, the net assets attributable to unitholders amounted to HKD 47,684,097, representing a decrease of 13.64% from HKD 36,857,573 at the end of 2021[33] - The Hang Seng China Enterprises Index decreased by 6.91% during the period, compared to a decrease of 23.30% in the previous year[38] Assets and Investments - As of June 30, 2022, the Net Asset Value (NAV) per unit of the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD 4.9673, with 9,600,000 units outstanding, resulting in total assets under management of approximately HKD 47.7 million[9] - The Sub-Fund's total assets increased from HKD 37,903,492 as of December 31, 2021, to HKD 48,074,766 as of June 30, 2022[15] - The investment portfolio included a total of HKD 9,135,958 in investments and derivative financial instruments, which accounted for 19.16% of net assets[27] - The CSOP Hong Kong Dollar Money Market ETF-Unlisted Share Class A had a fair value of HKD 8,687,887, making up 18.22% of net assets as of June 30, 2022[37] - Total listed investment funds were valued at HKD 8,687,887, which is 18.22% of the total net assets[26] - The total investments and derivative financial instruments at cost were HKD 8,672,855[27] - The CSOP Hong Kong Dollar Money Market ETF-Unlisted Share Class A saw a decrease in fair value from HKD 9,454,955 (25.68% of net assets) as of December 31, 2021[37] Cash Flow and Transactions - The Sub-Fund experienced a net increase of HKD 16,985,128 from unit transactions during the period, with proceeds from the issuance of units amounting to HKD 43,969,310 and payments on redemption of units totaling HKD 26,984,182[21] - Cash and cash equivalents at the end of the period were HKD 28,582,585, up from HKD 21,520,838 at the beginning of the period[23] Management and Fees - The Sub-Fund's management fee for the period was HKD 275,979, with total operating expenses amounting to HKD 672,892[19] - The Sub-Fund has undergone sixty-four monthly futures rolls since inception, maintaining its futures-based replication strategy[12] Investment Objective - The investment objective of the Sub-Fund is to provide results that closely correspond to two times the inverse of the daily performance of the Hang Seng China Enterprises Index[6] NAV Details - The highest net asset value per unit for the financial period ended June 30, 2022, was HKD 9.7783, while the lowest was HKD 4.7348[33] - The net asset value per unit decreased from HKD 5.7590 at the end of 2021 to HKD 4.9671 by June 30, 2022[33] - The Sub-Fund's dealing net asset value was calculated in accordance with the Trust's Prospectus[34]
新华联资本(00758) - 2022 - 中期财报