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Value Gold ETF

  • Value Gold ETF (the “Fund”) is a fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”), which aims to provide investment results that closely correspond to the performance of the London Bullion Market Association Gold Price.
  • The Fund only invests in bullion and may experience greater volatility due to single economic, market or political occurrences.
  • The Fund has adopted a multi counter and units are traded in HKD, RMB and USD on SEHK. The nature of the multi-counter model may make investment in the units riskier than in single counter units or shares of an SEHK listed issuer. Investors without RMB or USD accounts may buy and sell HKD traded units only.
  • RMB is not a freely convertible currency and is subject to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value between such currencies and the RMB.
  • The Fund does not insure its bullion and the Fund and unitholders could suffer a loss if the bullion held by the custodian is lost or damaged.
  • As the Fund is not actively managed, the Manager will not adopt a temporary defensive position against any market downturn. Investors may lose part or all of their investment.
  • Trading prices of units on the SEHK are subject to market forces and the units may trade at a substantial premium/discount to the net asset value of the Fund.
  • You should not make investment decision on the basis of this website alone. Please read the prospectus for details and risk factors.

Sensible Asset Management Hong Kong Limited does not make representation that information and website on this site are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this site are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the site in its entirety including any legal or regulatory rubric.

To the best of its knowledge and belief, SAMHK considers the information contained herein is accurate as at the date of publication. However, no warranty is given on the accuracy, adequacy or completeness of the information provided by third party. Neither SAMHK, nor its affiliates, directors and employees assumes any liabilities in respect of any errors or omissions provided by third party on this website. Under no circumstances should this information or any part of it be copied, reproduced or redistributed.

Investors should note 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 prospectus for details and risk factors in particular those associated with investment in emerging markets and the arrangement in the event that the Funds are delisted. Investors should also note that the Funds are different from a typical retail investment funds, in particular, units in the Funds may only be created or redeemed directly by a participating dealer in large unit sizes.

Information in this website has been obtained from sources believed to be reliable but SAMHK does not guarantee the accuracy or completeness of the information provided by third parties.

This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Sensible Asset Management Hong Kong Limited.

The information provided herein is for informational purposes only and is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. Information posted on this site is current only as at the date of posting and may no longer be true or complete when viewed by you. All information contained herein may be changed or amended without prior notice, although SAMHK does not undertake to update this site regularly.

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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 01-12-2023 to 03-12-2024)

Note: The gold bullion image is intended for illustrative purpose only, and does not correspond to the real holding facility nor the actual gold bullion bars.

 

* Refer to Hong Kong-listed ETFs only.

 

+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.

 

1 The 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.

 

2 The management fee is a single flat fee to cover all of the Custodian’s fee, Trustee’s and Registrar’s fees and other costs and expenses. The management fee may be increased up to the maximum of 1% per year of the NAV of the Trust, on one month’s notice to Unitholders (or such shorter period as approved by the SFC). Please refer to the Prospectus for details.

 

3 The ongoing charges figure is an annualised figure based on the ongoing expenses for the Trust, expressed as a percentage of the sum of expenses over the average NAV of the Trust for the same period. This figure may vary from year to year. The Trust has adopted a single management fee structure with effect from 30 April 2020. From 30 April 2020 onwards, the ongoing charges of the Trust are capped at a maximum of 0.40% of the average NAV of the Trust, which is equal to the current amount of the management fee of the Trust. Any ongoing expenses exceeding 0.40% of the average NAV of the Trust will be borne by the Manager and will not be charged to the Trust. Please refer to “Ongoing fees payable by the Trust” below and the Prospectus for details.

 

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 Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.
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DisplayHide important notes

● Value Gold ETF (the “Fund”) is a fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”), which aims to provide investment results that closely correspond to the performance of the London Bullion Market Association (LBMA) Gold Price.
● The Fund only invests in bullion and may experience greater volatility due to single economic, market or political occurrences when compared to diversified mutual funds or unit trusts.
● The Fund offers both listed class of units (the “Listed Class”) and unlisted class of Units (the “Unlisted Class”). Investors of Listed and Unlisted Classes are subject to different pricing and dealing arrangements. The NAV per unit of each of the Listed and Unlisted Classes may be different due to different fees and cost applicable to each Class. The dealing deadlines in respect of the Listed and Unlisted Class are also different.
● Units of the Listed Class are traded on the stock exchange on an intraday basis at the prevailing market price (which may diverge from the corresponding NAV), while units of the Unlisted Class are sold through intermediaries based on the dealing day-end NAV and are dealt at a single valuation point with no access to intraday liquidity in an open market. Depending on market conditions, investors of the Listed Class may be at an advantage or disadvantage compared to investors of the Unlisted Class.
● In a stressed market scenario, investors of the Unlisted Class could redeem their units at NAV while investors of the Listed Class could not and may have to exit the Fund at a significant discount. On the other hand, investors of the Listed Class could sell their units on the secondary market during the day thereby crystallising their positions while investors of the Unlisted Class could not do so in a timely manner until the end of the day.
● Investors of Listed and Unlisted Classes are subject to different types of risks. For example, Investors of the Listed Class are exposed to reliance on market makers risk and multi-counter risk.
● The Fund does not insure its bullion and the Fund and unitholders could suffer a loss if the bullion held by the custodian is lost or damaged.
● As the Fund is not actively managed, the Manager will not adopt a temporary defensive position against any market downturn. Investors may lose part or all of their investment.
● You should not make investment decision on the basis of this material alone. Please read the prospectus for details and risk factors.

Hide

The only ETF backed by physical gold stored in Hong Kong*

minimizing impact from geopolitical risks

Intra-day
Estimated NAV1

HKD62.3864

RMBN/A

USD8.0169

Daily change (+HKD0.0978; +0.16%)
(+RMB0.0932; +0.16%)

Last update: 05-12-2024 16:00:00

Source: Solactive AG

Data are delayed at least 5 to 15 seconds.

Investment objective

Aims to provide investment results that, before fees and expenses, closely correspond to the morning (London time) fixing price of gold per troy ounce quoted in US dollars, published by the London Bullion Market Association (LBMA).

Fund information

      • Fund launch date
        • 29 October 2010
      • Listing date
        • 3 November 2010 - HKD counter
          29 November 2013 - RMB counter
          31 March 2017 - USD counter
      • Investment manager
        • Sensible Asset Management Hong Kong Limited
      • Sub-investment manager
        • Value Partners Hong Kong Limited
      • Trustee and registrar
        • HSBC Institutional Trust Services (Asia) Limited
      • Auditor
        • Ernst & Young
      • Metal providers
        • Heraeus Metals Hong Kong Limited
          Standard Chartered Bank
      • Custodian
        • Hong Kong International Airport Precious Metals Depository Limited
      • Participating dealers
          • Physical gold delivery / cash settlement:
        • Redford Securities Limited

          • Cash settlement:
        • ABN AMRO Clearing Hong Kong Limited
        • Chief Securities Limited
        • Citigroup Global Markets Asia Limited
        • Credit Suisse Securities (Hong Kong) Limited
        • Goldman Sachs (Asia) Securities Limited
        • Haitong International Securities Company Limited
        • KGI Asia Limited
        • Mirae Asset Securities (Hong Kong) Limited
        • Nomura International (Hong Kong) Limited
      • Market makers
          • HKD counter:
        • Flow Traders Hong Kong Limited
        • Merrill Lynch Far East Limited
        • Mirae Asset Securities (HK) Limited

          • RMB counter:
        • Flow Traders Hong Kong Limited
        • Merrill Lynch Far East Limited
        • Mirae Asset Securities (HK) Limited

          • USD counter:
        • Flow Traders Hong Kong Limited
        • Merrill Lynch Far East Limited
        • Mirae Asset Securities (HK) Limited

      • Exchange listing
        • The Stock Exchange of Hong Kong Limited - Main Board
      • Management fee 2
        • 0.40% per year of NAV
      • Ongoing charges 3
        • 0.40%
      • Gold type
        • Minimum fineness of 99.5% of gold (from the approved refiners which are included in the LBMA Good Delivery List of Acceptable Refiners: Gold)
      • Exchange ticker
        • 3081 HK - HKD counter
          83081 HK - RMB counter
          9081 HK - USD counter
      • Bloomberg ticker
        • 3081 HK Equity - HKD counter
          83081 HK Equity - RMB counter
          9081 HK Equity - USD counter
      • Trading board lot size
        • 100 units - HKD counter
          100 units - RMB counter
          100 units - USD counter
      • Creation/redemption unit size
        (by authorized participants only)
        • Minimum basket of 300,000 units
      • Fund base currency
        • Hong Kong Dollar
      • Trading currency
        • Hong Kong Dollar - HKD counter
          Renminbi - RMB counter
          United States Dollar - USD counter
      • Financial year end
        • 31 March

Note: The gold bullion image is intended for illustrative purpose only, and does not correspond to the real holding facility nor the actual gold bullion bars.

 

* Refer to Hong Kong-listed ETFs only.

 

+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.

 

1 The 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.

 

2 The management fee is a single flat fee to cover all of the Custodian’s fee, Trustee’s and Registrar’s fees and other costs and expenses. The management fee may be increased up to the maximum of 1% per year of the NAV of the Trust, on one month’s notice to Unitholders (or such shorter period as approved by the SFC). Please refer to the Prospectus for details.

 

3 The ongoing charges figure is an annualised figure based on the ongoing expenses for the Trust, expressed as a percentage of the sum of expenses over the average NAV of the Trust for the same period. This figure may vary from year to year. The Trust has adopted a single management fee structure with effect from 30 April 2020. From 30 April 2020 onwards, the ongoing charges of the Trust are capped at a maximum of 0.40% of the average NAV of the Trust, which is equal to the current amount of the management fee of the Trust. Any ongoing expenses exceeding 0.40% of the average NAV of the Trust will be borne by the Manager and will not be charged to the Trust. Please refer to “Ongoing fees payable by the Trust” below and the Prospectus for details.

 

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 Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

Why choose Value Gold ETF?

1 The market’s only gold ETF with physical depot in Hong Kong

 

● Value Gold ETF’s gold storage is located in Quality the HKIA Precious Metals Depository . The arrangement minimizes the geopolitical risks to physical gold

 

2 Affordability

 

● As of 30 September 2024, one lot of 100 share of Value Gold ETF costs around HKD6,254, the lowest entrance fee in the market. This allows investors to buy gold to diversify risk and capture gold’s potential growth with a lower cost

 

3 Closely keep track on gold price

 

● Value Gold ETF tracks the LBMA Gold AM performance which we aim to closely track in the ETF

● The one-year tracking error is only 0.02%, which can closely keep track on the gold performance

 

4 Flexibility and transparency

 

● Unit trading is executed in the SEHK, similar to regular stocks, which is convenient and flexible

● Price, net asset value (NAV) and the amount of gold storage are disclosed daily on the website

● The fee structure is simple – an all-inclusive Total Expense Ratio of up to 0.4% of NAV per annum

 

5 HKD, RMB and USD  trading counters

 

● The world’s first gold ETF to provide trading counters of HKD, RMB and USD, bringing convenience to investors holding different currencies

 

Note: The gold bullion image is intended for illustrative purpose only, and does not correspond to the real holding facility nor the actual gold bullion bars.

 

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 Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

  1. Why invest in gold?

    For centuries, gold has been considered as a store of value and a natural currency. Gold cannot be prin