CSOP KOSPI 200 ETF (3121.HK) Lists on HKEX

CSOP’s KOSPI 200 ETF (3121.HK) debuted on the Hong Kong Stock Exchange, listing at about HKD7.80 per unit. The ETF has a board lot of 100 units and charges a management fee of 0.99%.

The fund seeks to match the net total return version of the KOSPI 200 Index before fees and expenses. It employs a full replication strategy, directly buying the securities that make up the benchmark.

CSOP says 3121.HK is the only KOSPI 200 product listed in Asia-Pacific outside Korea, providing local investors with direct access to large-cap Korean equities.

The KOSPI 200 has risen more than 130% since the start of 2026. Information Technology represents roughly 66% of the index, Industrials about 13% and Financials near 7%. The five largest constituents are Samsung Electronics, SK hynix, SK SQUARE, Samsung Electro-Mechanics and Hyundai Motor.

CSOP identified three drivers of the recent rally: stronger chip demand related to AI, substantial inflows from global funds, and comparatively low valuations. Semiconductor companies account for nearly 60% of the KOSPI 200. Annual flows into global ETFs and ETPs with Korean exposure reached USD31.89 billion in 2025 and totalled USD30.45 billion year-to-date in 2026. The KOSPI 200 trades at a forward price-to-earnings ratio of about 9.02x, compared with 22.39x for the S&P 500.

Ding Chen, CSOP’s CEO, described Korea’s equity market as “significantly underexplored by international investors” and said the new ETF is intended to connect Hong Kong investors with the market opportunity.

CSOP has expanded its Korea-focused product line in Hong Kong, including the FTSE HK-Korea Tech+ Index ETF (3431.HK), which joined Southbound ETF Connect in May, and leveraged single-stock products such as the CSOP Samsung Electronics Daily (2x) Leveraged Product (7747.HK) and the CSOP SK Hynix Daily (2x) Leveraged Product (7709.HK). Product 7709.HK reached assets under management of HKD84.6 billion and has been the largest single-stock leveraged or inverse product globally since May 2026. CSOP reported it became the largest ETF/ETP issuer in Hong Kong in 2026.