Value Partners Optical Communication Active ETF
1. Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Prospectus and the Key Facts Statement of the Fund for further details, including the product features and risk factors before making any investment decisions. 2. Value Partners Optical Communication Active ETF (the Fund) will invest primarily in equity and equity-related securities of exchange-listed companies throughout the world, which derive the majority of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from optical communication related products or services (including but not limited to optical components, optical modules and transceivers, optical fibres and cables, optical networking and transmission equipment, manufacturing equipment, and engineering services). 3. The Manager employs an actively managed investment strategy for the Fund. The Fund does not seek to track any index or benchmark, and it may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other funds with a similar objective. 4. The Fund will invest primarily in companies deriving the majority of their revenues or operating profits from optical communication related products or services. The Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the relevant market or region in which its investments are focused. 5. Optical communication companies are exposed to risks including, but not limited to, rapid changes in technology, intense competition, government regulation, and obsolescence risk. Securities of such companies may be subject to greater price volatility than securities of companies in other sectors, particularly over the short term. Such optical communication companies may also be engaged in other lines of business unrelated to optical communication related products or services, and these lines of business could adversely affect their operating results. 6. The Fund will invest in emerging markets such as Mainland China, which are subject to higher risks and higher volatility than more developed markets. 7. The stocks of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are more volatile and susceptible to adverse economic developments than those of larger capitalisation companies in general. 8. Companies listed on the ChiNext market or STAR Board with generally lower listing eligibility criteria than main boards are usually of emerging nature with a smaller operating scale. Hence, investments in such boards may be subject to higher fluctuations in stock prices as well as liquidity, over valuation and delisting risks, and may result in significant losses for the Fund and its investors. 9. The Fund may invest in financial derivative instruments (FDIs) for hedging and investment purposes. Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. 10. The Fund offers both listed class and unlisted classes of shares. Investors of listed and unlisted classes of shares are subject to and should be aware of the different pricing and dealing arrangements.
Access the AI Era Through the Power of Optical Connectivity — 2811 Value Partners Optical Communication Active ETF
What is Optical Communication?
Optical communication is a high-speed communication technology that utilizes light as the information carrier and optical fiber as the primary transmission medium. It acts like a high-speed train for data.
Why Invest in Optical Communications?
AI Data Centers are Driving the Transition from Copper to Optics, Continuously Expanding Market Opportunities
High Capacity, High Speed
Supports large-scale communication and massive data transmission requirements.
Lower Loss, Lower Cost
Signal loss in optical fibers is significantly lower than in copper cables, requiring fewer repeaters for long-distance transmission.
Compact Size, Lightweight
Optical fibers are much lighter than copper cables, helping to improve transportation and deployment efficiency.
Leveraging advantages such as high capacity, low latency, long-distance transmission, and low power consumption, optical communications are progressively replacing copper cables in the high-speed environments of AI data centers. Driven by the growth in AI infrastructure and data transmission demands, the market size is expected to expand.
Continuous Increase in the Penetration Rate of Silicon Photonic Optical Modules
Source: LightCounting; 2026E to 2030E are forecasts. Data is for reference only. Past performance and any forecasts are not indicative of future results.
The Expansion of AI Computing Power Drives the Optical Communications Industry into an "Explosive Growth Phase”
The greater the computing power, the greater the reliance on optics; the larger the cluster, the greater the need for optics. With the advancement of AI, the demand for high-speed data transmission has surged dramatically, and optical communications have gradually become a critical connectivity foundation for AI networks. In particular, demand for high-end optical modules has grown significantly, with supply and demand remaining persistently tight.
Source: Estimates based on research by Huili Fund (calculated by multiplying global major AI GPU/ASIC shipment volumes by the scale-out and scale-up network ratios of each platform; the CAGR from 2025 to 2028E is approximately 38%). This metric measures the high-speed optical interconnect demand corresponding to AI chips. Data is for reference only. Past performance and any forecasts are not indicative of future results.
Continuous Technological Upgrades Drive Ongoing Increases in Product Value
The optical communications industry is transitioning from pluggable optical modules to more advanced optical interconnect architectures. Each technological upgrade is expected to drive an increase in the value of individual modules.
CPO stands for Co-packaged Optics, and NPO stands for Near-Packaged Optics.
High-Speed Optical Modules In early-stage mass production
Co-Packaged Optics, Next-Generation Technology Roadmap
Why Invest in the Value Partners Optical Communication Active ETF?
The fund's investments are not subject to regional, country, or market capitalization restrictions. Such investments may be located in emerging markets, with no investment restrictions.
Global Market Focus: Targeting Industry Leaders with Competitive Advantages
Source: LightCounting (2025–2026); Corning 2024 Full-Year Results and 2025 Annual Report; Dell'Oro Group (2024 Global Optical Transport Equipment Market).
The Fund will invest at least 70% of its NAV in equity and equity-related securities of exchange-listed companies throughout the world, which derive at least 50% of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from optical communication related products or services (including but not limited to optical components, optical modules and transceivers, optical fibres and cables, optical networking and transmission equipment, manufacturing equipment, and engineering services).
Up to 30% of the Fund’s NAV may be invested in companies that do not currently meet the 50% revenue or operating profit threshold
Precise Stock Selection, Focused on Optical Communications
The Value Partners Optical Communication Active ETF focuses on the global optical communications industry chain, prioritizing the selection of listed companies with a relatively high proportion of related revenue or profitability, while moderately allocating to related companies with growth potential.
Basic Fund Information
# The ongoing charges figure is indicative only as the Sub-Fund is newly set up. It represents the sum of the estimated ongoing expenses over a 12-month period chargeable to the relevant class expressed as a percentage of the estimated average NAV of the relevant class over the same period. The actual figure may be different from this estimated figure and it may vary from year to year. For the 12-month period from the launch of the Sub-Fund, the ongoing charges of the class is capped at 1.50% of the averaged NAV of the class. Any ongoing expenses in respect of the class exceeding the capped figure during this period will be borne by the Manager and will not be charged to the class.
* Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to shareholders (except in the case where such increase only affects the Listed Class of Shares), 1 week’s prior notice to shareholders of the Listed Class of Shares). Please refer to the section headed “Expenses and Charges” in the Prospectus for further details of the fees and charges payable and the permitted maximum of such fee allowed, as well as other ongoing expenses that may be borne by the Sub-Fund.
Stock code
Trading currency
Listing date （HKEX）
Trading lot size
Management fee*
Manager
Ongoing charges over a year#
25 September 2026
100 Shares
0.99% per annum
Value Partners Hong Kong Limited
1.50%
HKD
HKD Counter: 2811
One of Asia's leading asset managers
300+ awards and prizes
Over 40 investment professionals
since establishment
focusing on Greater China and Asia investments
The first asset management firm
listed on The Hong Kong Stock Exchange in 2007
Risk Disclosure: The views expressed are the views of Value Partners Hong Kong Limited only and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All materials have been obtained from sources believed to be reliable as of the date of presentation, but their accuracy is not guaranteed. This material contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Investors should note that investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. This article has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Value Partners Hong Kong Limited.
