Ping An of China CSI HK Dividend ETF（3070.HK）Named Best Performer at Bloomberg Businessweek Top Fund Awards 2023 By Investing.com

HONG KONG, March 27, 2024 /PRNewswire/ — Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”), the offshore asset management division of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”), announces that its flagship ETF, Ping An of China CIS HK Dividend ETFs（3070.HK） (the “Hong Kong Dividend ETF”), is called “Best Performer” In the Shares – ETF (NAV Total Return 1 year) category TO Bloomberg Business Week (Chinese edition) Upper bottom Awards (“TFA”) 2023^[1]as a testament to its exceptional performance.

Recently, Hong Kong Dividend ETF he was also awarded the “Triennio Yinghua Awards – ETF on Greater China” ^[2] Of Chinese Funds News for the excellent performance of the last three years.

The HK Dividend ETF is an exchange-traded index fund that seeks to track the performance of its underlying index, the CSI HK Dividend Index (the “Underlying Index”). HK Dividend ETF shares trade Hong Kong Stock Exchange Limited (“SEHK”). The underlying index, launched on July 23, 2009is a stock index that seeks to reflect the performance of high-dividend-yielding stocks in the Hong Kong market by selecting 30 stocks with high dividend yield, stable dividend payments and good liquidity from the entire universe of stocks listed on SEHK.

“We are honored to be the Best Performer in the Equity – ETF (NAV Total Return 1 Year) category this year. In historical periods of declining interest rates, high dividend stocks have tended to outperform the broader market. The methodology screening of the securities of the Underlying Index of Hong Kong Dividend ETF focuses on a high dividend yield, stable payouts and liquidity, which can help mitigate volatility and improve returns,” Mr. said. Alberto Wang, Head of Capital Markets and CIO of PAAMC HK. “We will continue our commitment to providing cutting-edge investment solutions to help our investors achieve their risk-adjusted return objectives in volatile market conditions.”

The TFA is organized by Bloomberg Business Week (Chinese edition). The prizes are awarded in three categories: “Mutual Funds, ETFs and Mandatory Pension Funds”. The Awards apply a data- and performance-driven Bloomberg methodology that evaluates funds across asset class categories to identify the best performing funds. All ratings are based on market figures and historical data available at Bloomberg terminal.