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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

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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.

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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, Value Partners Group Limited and its affiliates (including but not limited to Value Partners Hong Kong Limited and Sensible Asset Management Hong Kong Limited, collectively “Value Partners”, “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 Value Partners being unable to provide investment management and advisory services.

Personal data collected from you may be used by Value Partners 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 Value Partners, which include but not limited to:

  • the application for the opening of a new account in Value Partners
  • 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 Value Partners in connection with the operation of its business
  • Any person to whom Value Partners 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 Value Partners including all subsidiaries and affiliates of Value Partners which has undertaken to keep such information confidential.

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

Pursuant to the Ordinance, you have the right to (a) check whether Value Partners 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 Value Partners policies and practices relating to personal data, including the type of personal data Value Partners holds and the main purpose for holding such data and (d) exercise your opt-out right if you do not wish Value Partners to use your personal data for direct marketing purposes. All such requests should be directed to:

The Compliance Officer

Value Partners Group Limited

43rd Floor, The Center, Queen’s Road

Central, Hong Kong

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 Index is calculated and maintained by China Chengxin Indices Co., Ltd. The Manager, the Investment Adviser and their connected persons are independent of the Index Provider. The CCX HK-US Dividend Low Volatility Index (HKD Net Return) is a cross-market equity index designed to track dividend-yielding securities eligible for Southbound trading on the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively, the “Stock Connect”) or listed on major US exchanges by selecting securities with stable income characteristics and low volatility from both markets.

 

3The 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.

 

4Please 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.

 

5This is an estimated annual tracking difference as the Sub-Fund is newly set up. Investors should refer to the website of the Sub-Fund for more up-to-date information on actual tracking difference.

 

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 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.
  • The investment objective of the Value Partners HK-US Dividend Low Volatility ETF (the “Sub-Fund”) is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the CCX HK-US Dividend Low Volatility Index (HKD Net Return) (the “Index”).
  • 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.
  • Shares of the Unlisted Classes of Shares 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 Unlisted Classes of Shares may be at an advantage or disadvantage compared to investors of the Listed Class of Shares. In a stressed market scenario, investors of the Unlisted Classes of Shares could only redeem their Shares at NAV until the end of the day.
  • The Sub-Fund is passively managed and the Manager will not have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund.
  • The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
  • The Index is a new index. The Sub-Fund may be riskier than other funds tracking more established indices with longer operating history.
  • The Sub-Fund’s investments are concentrated in Hong Kong and the United States. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments and may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Hong Kong and the United States markets.
  • Some of the constituents of the Index are mega-capitalisation companies that are relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. The high valuation of mega-capitalisation companies can make them more susceptible to market corrections, downturns and changes in interest rates.
  • Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner and the value of the collateral may fall below the value of the securities lent out.
  • The Sub-Fund may be subject to tracking error risk, which is the risk that its performance may not track that of the Index exactly.
  • As the stock market may be open when Units in the Sub-Fund are not priced, the value of the securities in the Sub-Fund’s portfolio may change on days when investors will not be able to purchase or sell the Units. Differences in trading hours between the markets and the SEHK may also increase the level of premium or discount of the Unit price to its NAV.
  • Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the NAV per Share of the Sub-Fund.

 

Hide

Value Partners HK-US Dividend Low Volatility ETF

03488 - HKD counter

Investment Objective

The investment objective of the Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the CCX HK-US Dividend Low Volatility Index (HKD Net Return).

Fund information

      • Fund launch date
        • 27 March 2026
      • Listing date
        • 30 March 2026
      • Manager
        • Value Partners Hong Kong Limited
      • Custodian
        • CMB Wing Lung (Trustee) Limited
      • Index2
        • CCX HK-US Dividend Low Volatility Index (HKD Net Return)
      • Index Provider
        • China Chengxin Indices Co., Ltd
      • Index Code
        • CCX50596
      • Participating dealers
        • Haitong International Securities Company Limited
        • Korea Investment & Securities Asia Limited
        • Mirae Asset Securities (Hong Kong) Limited
        • GF Securities (Hong Kong) Brokerage Limited
        • China Merchants Securities (HK) Co., Limited
      • Market makers
        • Eclipse Options (HK) Limited
        • Flow Traders Hong Kong Limited
      • Auditor
          • KPMG
      • Exchange listing
          • The Stock Exchange of Hong Kong Limited - Main Board
      • Ongoing charges over a year 3
        • 1.15%
      • Management fee 4
        • 0.90% per annum
      • Exchange ticker
        • 03488 – HKD counter
      • Trading currency
        • Hong Kong dollars (HKD) – HKD counter
      • Bloomberg ticker
        • 3488 HK Equity – HKD counter
      • Trading lot size
        • 100 Share – HKD counter
      • Base currency
        • Hong Kong dollars (HKD)
      • Financial year end of the Sub-Fund
        • 31-Dec
      • Annual tracking difference5
        • -1.75%

+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 Index is calculated and maintained by China Chengxin Indices Co., Ltd. The Manager, the Investment Adviser and their connected persons are independent of the Index Provider. The CCX HK-US Dividend Low Volatility Index (HKD Net Return) is a cross-market equity index designed to track dividend-yielding securities eligible for Southbound trading on the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively, the “Stock Connect”) or listed on major US exchanges by selecting securities with stable income characteristics and low volatility from both markets.

 

3The 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.

 

4Please 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.

 

5This is an estimated annual tracking difference as the Sub-Fund is newly set up. Investors should refer to the website of the Sub-Fund for more up-to-date information on actual tracking difference.

 

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 has not been reviewed by the Securities and Futures Commission.

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