Invesco ChiNext 50 UCITS ETF Acc (CNFY)

Profile

https://oci-global.com

Invesco ChiNext 50 UCITS ETF Acc is an exchange-traded fund that tracks the ChiNext 50 Capped Index, focusing on the 50 largest and most liquid Chinese stocks listed on the ChiNext market, Shenzhen Stock Exchange's innovation-driven segment for growth-oriented companies. This accumulating ETF reinvests dividends, enhancing share price growth without distributions to investors, and maintains a total expense ratio of 0.49% per annum. Domiciled in Ireland and launched on 17 June 2024, it holds approximately EUR 47 million in assets, providing unhedged USD exposure to high-potential sectors like information technology, industrials, and emerging technologies such as AI and semiconductors. The ChiNext 50 Index emphasizes large-cap leaders, with over 80% in firms exceeding USD 10 billion market capitalization, capturing China's technological innovation and strategic priorities. In the financial markets, it offers European investors efficient, liquid access to dynamic Chinese growth equities, distinct from broader benchmarks like CSI 300, supporting diversified exposure to Asia's innovation economy.