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The information on the website you are about to enter is intended for Hong Kong investors only. Non-Hong Kong residents are responsible for observing all applicable laws and regulations of their relevant jurisdictions before accessing the information contained herein. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing each site, you acknowledged that you have reviewed the site in its entirety including any legal or regulatory rubric.

Risk Warning

Investment involves risks. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may go down as well as up and that you may not get back your original investment. Please refer to the offering documents for details, including the risk factors. You should ensure you fully understand the risks associated with the investment and should also consider your own investment objective and risk tolerance level. If in doubt, please seek independent financial professional advice.

  • The Funds included in this website invest in different investment instruments. Each Fund may have different underlying investments and be exposed to different risks.
  • Some of the Funds invest in emerging markets which may involve a greater risk than developed markets including sharp price movements, liquidity risk and currency risk.
  • Some of the Funds are limited to investment in single or industry sector may open the Funds to higher volatility than diversified portfolios.
  • Some of the Funds invest in securities linked to the China markets and may expose the Funds to additional risks including repatriation risk and uncertainly of taxation policies.
  • Some of the Funds may invest in below investment grade, unrated and high yield debt securities. This exposes the Funds to greater liquidity risk, default risk and price changes due to change in the issuer’s creditworthiness. The Funds invest in fixed income securities which may be impacted by movement in interest rates.
  • All or part of some of the Fund’s fees and expenses may be paid out of capital resulting in an increase in distributable income and effectively a distribution out of capital. Similarly in certain circumstances dividends may be paid out of capital. This amounts to a partial return of an investor’s original investment, or from any capital gains attributable to that original investment, and may result in an immediate decrease of the net asset value per share.
  • It is possible that the entire value of your investment could be lost.
  • You should refer to the offering documents of the respective funds for details, including risk factors. You should not base your investment decision solely on this material.
  • SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

No Offer/Local Restrictions

Nothing contained in or on the website should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. Investors should seek independent financial and tax advice before making any investment decision.

The information provided on the website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the website do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The website is not directed to any person in any jurisdiction where the publication or availability of the website is prohibited, by reason of that person’s nationality, residence or otherwise. Persons under these restrictions must not access the website.

Information on this website

Value Partners Group Limited (VP) has taken reasonable care to ensure that the information contained on this website is accurate, current, complete, fit for its intended purpose and compliant with relevant legislation and regulations and, where applicable, the laws of the country of your residence as at the date of issue. However, errors or omissions may occur due to circumstances beyond VP’s control and no warranty is given, or representation made, regarding the accuracy, validity or completeness of the information on this website and no liability is accepted by such persons for the accuracy or completeness of such information. You must conduct your own due diligence and investigations rather than relying on any of the information in this website. Any person who acts upon the information contained on this website does so entirely at his own risk.

Information posted on this website is current only as at the date it is first posted and may no longer be true or complete when viewed by you. VP cannot guarantee that content will be accurate, complete and current at all times. To the extent that any information on this website relates to a third party, such information has been provided by that third party and is the sole responsibility of such third party and VP accepts no liability for such information. All content on the website is subject to modification from time to time without notice.

To the extent that this website contains any expression of opinion or forecast, such opinion or forecast is based on sources believed by VP to be reliable, but is not guaranteed or warranted as to its current validity, accuracy or completeness. Opinions expressed represent the opinions of VP at the date of publication only, reflecting prevailing market conditions and certain assumptions (which may not prove to be valid), are subject to change and should not be relied on by users of the website.

All copyright, patent, intellectual and other property rights in connection with the information contained herein are owned by VP or its affiliates. No rights of any kind are licensed, assigned or shall otherwise pass to persons accessing this information.

This website has not been reviewed by the Securities & Futures Commission in Hong Kong.

Notice relating to the Personal Data (Privacy) Ordinance (the “Ordinance”)

When providing services to our clients and other parties, Sensible Asset Management Hong Kong Limited and its affiliates (collectively “SAMHK”, “the Company”) may from time to time require you to supply your personal data for the purposes of opening or continuing portfolio accounts and in the establishment or continuation of investment management and advisory services by the Company.

Failure to supply such data may result in SAMHK being unable to provide investment management and advisory services.

Personal data collected from you may be used by SAMHK within or outside Hong Kong, for the purposes of providing investment management and advisory services and direct marketing. The usage of the personal data may depend upon your relationship with SAMHK, which include but not limited to:

  • the application for the opening of a new account in SAMHK
  • the daily operation of the investment management and advisory services provided to clients
  • marketing of financial services or related products
  • meeting the requirements to make disclosures under the requirements of any law and/ or regulation and/ or codes binding on/ applicable to the Company.

Data held by the Company relating to you will be kept confidential but the Company may from time to time provide information to the following parties for the above purposes:

  • Any agent or third party service provider who provides administrative or securities clearing or other services to SAMHK in connection with the operation of its business
  • Any person to whom SAMHK is under an obligation to make disclosure under the requirements of any law and/ or regulation and/ or codes binding on/ applicable to the Company
  • Any other person under a duty of confidentiality to SAMHK including all subsidiaries and affiliates of SAMHK which has undertaken to keep such information confidential.

SAMHK intends to use your personal data in direct marketing and SAMHK requires your consent (which includes an indication of no objection) for that purpose. In this connection, your name, contact details, held by SAMHK from time to time may be used by SAMHK in direct marketing of financial services or products offered by SAMHK or co-branded partners.

Pursuant to the Ordinance, you have the right to (a) check whether SAMHK holds any personal data about you, and to access such data, at a reasonable fee, (b) request any inaccurate personal data to be corrected, (c) ascertain SAMHK policies and practices relating to personal data, including the type of personal data SAMHK holds and the main purpose for holding such data and (d) exercise your opt-out right if you do not wish SAMHK to use your personal data for direct marketing purposes. All such requests should be directed to:

The Compliance Officer

Sensible Asset Management Hong Kong Limited

43rd Floor, The Center,

99 Queen's Road Central, Hong Kong

Email: operations@valueETF.com.hk

Fund performance (from to )

+The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.

 

1The near real time indicative NAV per Unit (in each trading currency of the Trust) referred to above is indicative and for reference only. This is updated every 15 seconds during SEHK trading hours and is calculated by Solactive AG, or other third party interactive data vendors. The near real time indicative NAV per Unit in RMB and USD are calculated using the near real time indicative NAV per Unit in HKD multiplied by near real time HKD:RMB (CNH) and HKD:USD foreign exchange rates quoted by Solactive AG or other third party interactive data vendor respectively.

 

2The 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 0.30% 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.

 

3Please 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.

 

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the funds and its’ share classes increased or decreased in value during the calendar year. Performance data has been calculated in currencies displayed above, including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance.

 

Investment involves risks. Please refer to the relevant offering documents for further fund details including risk factors and the arrangement in the event that the Fund is delisted. Investors should also note that the Funds are different from typical investment funds, in particular, units in the Funds may only be created or redeemed directly by a participating dealer in large unit sizes. This website is issued by Value Partners Hong Kong Limited and Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.
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DisplayHide important notes
    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 Sub-Fund for further details, including the product features and risk factors before making any investment decisions.
  • Value Partners USD Money Market ETF (the “Sub-Fund”) is a sub-fund of the Value Partners Fund Series OFC (“Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Company has been registered with the Securities and Futures Commission (“SFC”) as an OFC and the Company and the Sub-Fund have been authorized by the SFC pursuant to section 104 of the Securities and Futures Ordinance. The SFC’s registration or authorization is not a recommendation or endorsement of the Company or the Sub-Fund nor does it guarantee the commercial merits of the Company or the Sub-Fund or its performance. It does not mean the Company or the Sub-Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
  • The Sub-Fund offers both listed class of Shares (the “Listed Class of Shares”) and unlisted classes of Shares (the “Unlisted Classes of Shares”). Investors of Listed and Unlisted Classes of Shares are subject to different pricing and dealing arrangements. Shares of the Listed Class of Shares are traded on the stock exchange in the secondary market on an intraday basis at the prevailing market price (which may diverge from the corresponding NAV). In a stressed market scenario, investors of the Listed Class of Shares in the secondary market could only redeem at the prevailing market price (which may diverge from the corresponding NAV) and may have to exit the Sub-Fund at a significant discount.
  • The Sub-Fund is an actively managed exchange traded fund under Chapters 8.2 and 8.10 of the Code on Unit Trusts and Mutual Funds (the “Code”). 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 Sub-Fund to underperform as compared to prevailing money market rates or other money market funds with a similar objective. The purchase of a Share in the Sub-Fund is not the same as placing funds on deposit with a bank or deposit-taking company. The Sub-Fund does not guarantee repayment of principal and the Manager has no obligation to redeem the Shares at the offer value. The Sub-Fund does not have a constant NAV. The Sub-Fund is not subject to the supervision of the Hong Kong Monetary Authority.
  • The Sub-Fund will invest primarily in short-term deposits and high quality money market instruments (which may include fixed income securities). Investment in fixed income securities subject to various risks, including short-term fixed income instruments risk, credit / counterparty risk, volatility and liquidity risk, interest rate risk, credit rating, agency and downgrading risk, valuation risk, sovereign debt risk.
  • The Sub-Fund will invest in emerging markets such as Mainland China, which are subject to higher risks (for example, liquidity risk, currency risk, political risk, regulatory risk, legal and taxation risks, settlement risk, custody risk and economic risk) and higher volatility than more developed markets.
  • The Sub-Fund may also be concentrated in a particular market or region, including Greater China. The Sub-Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the money markets, or the market or region in which its investments are focused.
  • Bank deposits are subject to the credit risks of the relevant financial institutions. The Sub-Fund may also place deposits in non-resident accounts (NRA) and offshore accounts (OSA), which are offshore deposits with offshore branches of Mainland Chinese banks. The Sub-Fund’s deposit may not be protected by any deposit protection schemes, or the value of the protection under the deposit protection schemes may not cover the full amount deposited by the Sub-Fund. Therefore, if the relevant financial institution defaults, the Sub-Fund may suffer losses as a result.
  • Underlying investments of the Sub-Fund may be denominated in currencies other than its base currency. The NAV of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • The 7-day annualised yield and the 30-day annualised yield are based on 7-day period and 30-day period of the Sub-Funds’ past performance respectively and do not represent an actual one-year return. The assumptions involved in the calculation of the 7-day annualised yield and the 30-day annualised yield are hypothetical.
Hide

Value Partners USD Money Market ETF

03480 – HKD counter
09480 – USD counter

Intra-day
Estimated NAV1

USD-

HKD-

Daily change (-; -)
(-; -)

Last update: -

Source: Solactive AG

Data are delayed at least 5 to 15 seconds.

Investment Objective

To invest in short term deposits and high quality money market investments. The Sub-Fund seeks to achieve a return in USD in line with prevailing money market rate. The strategy of the Sub-Fund seeks to achieve its investment objective by investing primarily (i.e. not less than 70% of its NAV) in USD-denominated short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, financial institutions and corporations. The Sub-Fund may invest up to 30% of its NAV in non USD-denominated short-term deposits and high quality money market instruments. The Manager will hedge non USD-denominated investments into USD in order to manage any material currency risk.

Fund information

      • Fund launch date
        • 15 October 2025
      • Listing date
        • 16 October 2025
      • Manager
        • Value Partners Hong Kong Limited
      • Custodian
        • CMB Wing Lung (Trustee) Limited
      • Participating dealers
          • China Merchants Securities (HK) Co., Limited
          Mirae Asset Securities (HK) Limited
          GF Securities (Hong Kong) Brokerage Limited
      • Market makers
          • China Merchants Securities (HK) Co., Limited
      • Auditor
          • KPMG
      • Exchange listing
          • The Stock Exchange of Hong Kong Limited - Main Board
      • Ongoing charges over a year 2
        • 0.30%
      • Management fee 3
        • 0.15% per annum
      • Exchange ticker
        • 03480 – HKD counter
          09480 – USD counter
      • Bloomberg ticker
        • 3480 HK Equity – HKD counter
          9480 HK Equity – USD counter
      • Trading lot size
        • 1 Share – HKD counter
          1 Share – USD counter
      • Creation/redemption unit size
        (by authorized participants only)
        • Minimum basket of 250 units
      • Fund Base currency
        • US dollars (USD)
      • Trading currency
        • United States Dollar (USD) – USD counter
          Hong Kong dollars (HKD) – HKD counter
      • Financial year end of the Sub-Fund
        • 31-Dec

+The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.

 

1The near real time indicative NAV per Unit (in each trading currency of the Trust) referred to above is indicative and for reference only. This is updated every 15 seconds during SEHK trading hours and is calculated by Solactive AG, or other third party interactive data vendors. The near real time indicative NAV per Unit in RMB and USD are calculated using the near real time indicative NAV per Unit in HKD multiplied by near real time HKD:RMB (CNH) and HKD:USD foreign exchange rates quoted by Solactive AG or other third party interactive data vendor respectively.

 

2The 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 0.30% 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.

 

3Please 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.

 

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the funds and its’ share classes increased or decreased in value during the calendar year. Performance data has been calculated in currencies displayed above, including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance.

 

Investment involves risks. Please refer to the relevant offering documents for further fund details including risk factors and the arrangement in the event that the Fund is delisted. Investors should also note that the Funds are different from typical investment funds, in particular, units in the Funds may only be created or redeemed directly by a participating dealer in large unit sizes. This website is issued by Value Partners Hong Kong Limited and Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

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