CSOP lists Hong Kong’s only KOSPI 200 ETF (3121.HK)

CSOP’s KOSPI 200 ETF (3121.HK) began trading on the Hong Kong Stock Exchange at about HK$7.80 per unit. The fund lists with a board lot of 100 units and charges a 0.99% management fee. It seeks to track the KOSPI 200 Index (net total return version) through full replication by directly investing in the index’s constituent securities.

CSOP describes 3121.HK as the only KOSPI 200 ETF listed outside Korea in the Asia-Pacific region. The product provides Hong Kong investors with direct, physical exposure to a concentrated benchmark of Korean large-cap equities.

CSOP reports the KOSPI 200 Index has returned more than 130% since the start of 2026. Information Technology accounts for about 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.

The firm attributes recent gains to stronger semiconductor demand tied to AI applications, large global fund inflows and relatively lower valuations. CSOP says semiconductor names such as Samsung Electronics and SK hynix together represent nearly 60% of the KOSPI 200 weight. Annual global flows into ETF/ETPs with geographic exposure to Korea were USD 31.89 billion in 2025 and reached USD 30.45 billion in 2026 year-to-date.

Valuation data cited by CSOP shows the KOSPI 200 trading at a forward price-to-earnings ratio of 9.02x, compared with 22.39x for the S&P 500.

Ding Chen, CSOP’s CEO, commented: “Korea’s equity market remains significantly underexplored by international investors, and the launch of CSOP KOSPI 200 ETF connects Hong Kong investors with that opportunity. CSOP will continue to expand investor-focused products.”

CSOP also noted it became the largest ETF/ETP issuer in Hong Kong in 2026. The firm’s Korea-related lineup includes the CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK), which was added to Southbound ETF Connect in May, and single-stock leveraged products such as CSOP Samsung Electronics Daily (2x) Leveraged Product (7747.HK) and CSOP SK Hynix Daily (2x) Leveraged Product (7709.HK). CSOP reported 7709.HK had HK$84.6 billion in assets under management in May 2026.

The new ETF uses a passive, physically replicated approach to provide exposure to Korean large-cap equities, with particular concentration in technology and semiconductor companies.