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CSOP ETFs Weekly Performance Recap-20240513

Last week, $CSOP LOW CARBON US(LCU.SG)$ LCU (+1.06% in USD), $CSOP SEA TECH ETF(USD)(SQU.SG)$ SQU (+1.29% in USD), $CSOP S-REITs INDEX ETF(SRT.SG)$ SRT (+2.22% in SGD) and $CSOP DIV ETF S(SHD.SG)$ SHD (+0.28% in SGD) gained, while $CSOP STAR&CHINEXT50 SGD(SCY.SG)$ SCY (-1.99% in SGD) fell. This is amid earnings optimism and US data that supported the case for interest-rate cuts.
LCU’s gains were mainly driven by IT, Financials and energy by sectors. In terms of geography, Taiwan, Australia and South Korea led the rally. As for individual stocks, TSMC, Hon Hai Precision and Samsung were primary contributors.
SQQ/SQU’s gains were mainly contributed by Delta Electronics THAI, EMTK and MYEG.
SRT’s gains were led by data center, industrial and retail REITs. In terms of individual securities, KDCREIT, MLT and CLAR were top contributors.
CSOP ETFs Weekly Performance Recap-20240513
Source: Bloomberg, as of 20240510. Past performance is not indicative of future performance.
Source: Bloomberg, as of 20240510. Past performance is not indicative of future performance.
Disclaimers
“The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”).This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.”
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