PRODUCT KEY FACTS STATEMENT
|
|
- Prudence Allison
- 7 years ago
- Views:
Transcription
1 Issuer: Hang Seng Investment Management Limited This is an exchange traded fund. PRODUCT KEY FACTS STATEMENT Hang Seng Index ETF 30 December 2016 This statement provides you with key information about the Hang Seng Index ETF (the HSI ETF ). This statement is a part of the Hong Kong Offering Document of the HSI ETF. You should not invest in the HSI ETF based on this statement alone. Quick Facts Stock code: HKD Counter RMB Counter Trading lot size: Manager: HKD Counter Units RMB Counter 100 Units Hang Seng Investment Management Limited Trustee: AIA Company (Trustee) Limited # Registrar: Underlying Index: Trading Currency: Base Currency: HSBC Provident Fund Trustee (Hong Kong) Limited Hang Seng Index HKD Counter Hong Kong dollars (HKD) RMB Counter Renminbi (RMB) Hong Kong dollars (HKD) Financial year end of the HSI ETF: 31 December Dividend Policy: Semi-annual cash dividends (if any) at the discretion of the Manager, which are expected to be in respect of the first half and the second half of each calendar year respectively. The Manager currently intends to make declaration of dividend in June and November of each year. Each Unitholder will receive dividends in HKD only (whether holding HKD traded Units or RMB traded Units). There is no guarantee of regular distribution of dividend and if dividend is paid the amount being distributed. The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the HSI ETF are charged to/paid out of the capital of the HSI ETF, resulting in an increase in distributable income for the payment of dividends by the HSI ETF and therefore, the HSI ETF may effectively pay dividend out of capital. Payment of dividends 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 distributions of dividend involving payment of dividends out of capital or effectively out of capital may result in an immediate reduction of the Net Asset Value per Unit. Ongoing charges over a year*: 0.13% Tracking Difference of 2015**: 0.00% ETF Website: # Currently, the Trustee has delegated its administrative and custodian roles to HSBC Provident Fund Trustee (Hong Kong) Limited. The sub-custodian currently appointed by HSBC Provident Fund Trustee (Hong Kong) Limited is The Hongkong and Shanghai Banking Corporation Limited. * The ongoing charges figure is based on annualised ongoing expenses for the period ended 30 June 2016 expressed as a
2 percentage of the HSI ETF s average Net Asset Value for the same period. It includes the fees of the Manager and the Trustee. Please refer to the Fees and Expenses Payable by the HSI ETF section in the Hong Kong Offering Document for details. This figure may vary from year to year. ** This is the actual tracking difference of the calendar year Investors should refer to the ETF website for more up-to-date information on actual tracking difference. What is the HSI ETF? The HSI ETF is part of the Hang Seng Investment Index Funds Series II, a unit trust established as an umbrella fund under the laws of Hong Kong. The HSI ETF is a physical ETF meaning that it invests directly in and holds securities. Units of the HSI ETF are listed on The Stock Exchange of Hong Kong Limited ( SEHK ). Objective and Investment Strategy Objective The HSI ETF is an index-tracking fund which aims to match, before expenses, as closely as practicable the performance of the Hang Seng Index. Investment Strategy The Manager primarily adopts a replication strategy. The HSI ETF invests in substantially all the constituent stocks of the Hang Seng Index in substantially the same weightings (i.e. proportions) as these stocks have in the Hang Seng Index. In order to maximise portfolio management efficiency, minimise transaction costs and tracking error, exposure to the Hang Seng Index may also be obtained through other index-tracking strategies or financial instruments from which the return to the HSI ETF substantially reflects the performance of the Hang Seng Index. Such strategies and instruments are chosen based on their correlation to the Hang Seng Index and cost efficiency in order to reflect the characteristics of the Hang Seng Index. Hence, the Manager may decide to utilise a representative sampling strategy or another investment strategy from time to time to achieve the HSI ETF s investment objective. Although financial instruments may be used (as aforesaid), they will not be used extensively for investment purpose. Currently, the Manager has no intention to have any securities lending, repurchase or similar over-the-counter transactions entered into for the account of the HSI ETF. In the future, where the Manager intends to have any securities lending, repurchase or similar over-the-counter transactions entered into for the account of the HSI ETF, subject to SFC s prior approval, 1 month s prior notice will be given to the relevant Unitholders. Index The Hang Seng Index is an important indicator of the performance of the Hong Kong stock market. The Hang Seng Index, launched on 24 November 1969, measures the performance of the largest and most liquid companies listed in Hong Kong. It comprises a representative sample of stocks quoted on the SEHK. The Hang Seng Index is calculated with a base value of 100 as of 31 July It is calculated on a 2-second basis during trading hours of the SEHK and its closing value is based on the official closing prices of stocks announced by the SEHK. The Hang Seng Index is compiled and managed by Hang Seng Indexes Company Limited, a wholly-owned subsidiary of Hang Seng Bank Limited. Constituent stocks of the Hang Seng Index are selected by a rigorous process of detailed analysis. Only companies with a primary listing on the Main Board of the SEHK are eligible potential constituents. Mainland China enterprises that have H-share listing in Hong Kong will be eligible for inclusion in the Hang Seng Index if they meet certain condition(s). Besides, to be eligible for inclusion in the Hang Seng Index, a company is subject to eligibility screenings. The final selections are based on the following: the market capitalisation and turnover ranking of the company; the representation of the relevant sub-sector within the Hang Seng Index directly reflecting that of the market; and the financial performance of the company.
3 The review of the Hang Seng Index is conducted quarterly. The Hang Seng Index adopts a freefloat-adjusted market capitalization weighted methodology. The cap on each constituent weighting will be lowered from 15% to 10% which will be phased in over a period of 12 months from September 2014 to September 2015 through five rounds of index rebalancing. The four sectors of stocks comprising the Hang Seng Index are finance, commerce and industry, properties and utilities. As at 16 December 2016, the respective weightings of the top 10 largest constituent stocks of the Hang Seng Index were as follows: Stock Code Stock Name Weighting (%) 5 HSBC Holdings plc Tencent Holdings Ltd China Construction Bank Corporation - H Share AIA Group Ltd China Mobile Ltd Industrial and Commercial Bank of China Ltd. - H Share Bank of China Ltd. - H Share CK Hutchison Holdings Ltd Hong Kong Exchanges and Clearing Ltd Ping An Insurance (Group) Co. of China Ltd. - H Share 2.93 For details, please refer to the website of the index compiler, Hang Seng Indexes Company Limited, at What are the key risks? Investment involves risks. Please refer to the What are the Risks of Investing in the HSI ETF? section in the Hong Kong Offering Document of the HSI ETF for details. 1. Investment Risk The HSI ETF is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the HSI ETF may suffer losses. 2. Tracking Error Risk There can be no assurance that the performance of the HSI ETF will be identical to the performance of the Hang Seng Index. Factors such as the fees and expenses borne by the HSI ETF, the timing differences associated with portfolio re-balancing, the prices at which the constituent stocks of the Hang Seng Index are acquired or disposed by the HSI ETF, the market condition at the relevant time, the index-tracking strategies or financial instruments used will affect the performance of the HSI ETF relative to the Hang Seng Index. 3. RMB trading and settlement of Units Risk Not all brokers or custodians may be ready and able to carry out trading and settlement of the RMB traded Units. The limited availability of RMB outside the PRC may also affect the liquidity and trading price of the RMB traded Units. 4. Dual Counter Risk If there is a suspension of the inter-counter transfer of Units between the HKD counter and the RMB counter for any reason, Unitholders will only be able to trade their Units in the relevant counter on the SEHK. The market price on the SEHK of Units traded in HKD and of Units traded in RMB may deviate significantly due to different factors, such as market liquidity, supply and demand in each counter and the exchange rate between the RMB and the HKD (in both the onshore and the offshore markets). As such investors may pay more or receive less when buying or selling Units traded in HKD on the SEHK than in respect of Units traded in RMB and vice versa.
4 Investors without RMB accounts may buy and sell HKD traded Units only. Such investors will not be able to buy or sell RMB traded Units. Investors without HKD accounts should note that distributions are made in HKD only. As such, investors may suffer a foreign exchange loss and incur foreign exchange associated fees and charges to receive their dividend. Not all brokers and CCASS Participants may be familiar with and able to buy Units in one counter and to sell Units in the other or to carry out inter-counter transfers of Units or to trade both counters at the same time. This may inhibit or delay an investor dealing in both HKD traded Units and RMB traded Units and may mean an investor can only trade in one currency. 5. Passive Investment Risk The HSI ETF is passively managed. The Manager does not have the discretion to select stocks individually or to take defensive positions in declining markets. Hence, any fall in the Hang Seng Index will result in a corresponding fall in the value of the HSI ETF. The composition of the Hang Seng Index may change and stocks currently comprising the Hang Seng Index may subsequently be delisted. Other stocks may also be added subsequently to become constituent stocks of the Hang Seng Index. 6. Concentration Risk There is a high concentration risk. To the extent that the Hang Seng Index concentrates in the securities of a particular industry or group of industries, the investments of the HSI ETF may be similarly concentrated. The performance of the HSI ETF could depend heavily on the performance of that industry or group of industries, and the HSI ETF is therefore likely to be more volatile than a broad-based fund. The finance sector and the property sector together account for more than half of the market weighting of the Hang Seng Index. In addition, certain companies are given a large weighting in the Hang Seng Index relative to other companies. As a result, variations in the performance of these sectors or companies could have a larger effect on the price of the Units than a similar variation in the performance of other sectors or companies comprised in the Hang Seng Index. In addition, in seeking to reflect the weightings of constituent stocks of the Hang Seng Index, investments of the HSI ETF may be concentrated in a single constituent stock or several constituent stocks. The performance of the Hang Seng Index and the HSI ETF may be significantly affected by the price fluctuation of one or several of the constituent stocks of the Hang Seng Index. 7. Trading risk Generally, retail investors can only buy or sell Units of the HSI ETF on SEHK. The trading price of the Units of the HSI ETF on SEHK is subject to market forces and may trade at a substantial premium/discount to their Net Asset Value, and may deviate significantly from the Net Asset Value per Unit. 8. Mainland China Related Risk Investing in mainland China, an emerging market, involves special considerations and risks, such as greater price volatility, less developed regulatory and legal framework, economic, social and political instability, etc. 9. Risks associated with distribution out of capital or effectively out of capital The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the HSI ETF are charged to/paid out of the capital of the HSI ETF, resulting in an increase in distributable income for the payment of dividends by the HSI ETF and therefore, the HSI ETF may effectively pay dividend out of capital. Payment of dividends 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 distributions involving payment of dividends out of the capital of the HSI ETF or effectively out of the capital of the HSI ETF may result in an immediate reduction of the Net Asset Value per Unit of the HSI ETF. 10. PRC Tax Risk Where the HSI ETF invests in H-shares and/or certain red chips shares of which the incomes (such
5 as dividends) are derived from mainland China, if any, the HSI ETF is subject to withholding of PRC Enterprise Income Tax imposed in mainland China; and such withholding tax will reduce the income from the HSI ETF and adversely affect the performance of the HSI ETF. The HSI ETF may also be subject to other taxes imposed in mainland China, which may reduce the income from, and/or the value of, the relevant investments in the HSI ETF. 11. RMB Currency and Foreign Exchange Risk The HSI ETF is denominated in HKD but has Units traded in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Investors may be adversely affected by the movement of the exchange rate between RMB and other currencies. The base currency of the HSI ETF is HKD. RMB based investors who buy and sell Units traded in HKD are therefore exposed to foreign exchange risk as a result of fluctuations in the RMB exchange rate against the HKD. Non-RMB based investors who buy and sell RMB traded Units will be exposed to foreign exchange rate fluctuations between the RMB and other currencies, in particular, the relevant investor s base currency. There is no guarantee that the value of RMB against the investors base currencies (for example HKD) will not depreciate. If investors wish or intend to convert sale proceeds (in RMB on RMB traded Units or in HKD on HKD traded Units) into a different currency, they are subject to the relevant foreign exchange risk and may incur loss from such conversion as well as associated fees and charges. 12. Reliance on Market Maker Risk Although the Manager will ensure that at least one market maker will maintain a market for the Units traded in each counter and that at least one market maker for each counter gives not less than 3 months prior notice before terminating the relevant market making arrangement(s), liquidity in the market for the Units may be adversely affected if there is no market maker for the RMB and the HKD traded Units. It is possible that there is only one SEHK market maker to each counter. Further the Manager may not be able to engage a substitute market maker within the termination notice period of the market maker. There is also no guarantee that any market making activity will be effective. RMB traded Units are traded and settled in RMB. There may be less interest by potential market makers making a market in Units traded in RMB. Furthermore, any disruption to the availability of RMB may adversely affect the capability of market makers in providing liquidity for the Units. 13. Termination Risk The HSI ETF may be terminated early under certain circumstances. It is possible that, at the time of such termination, investors have to realize their investment loss and will not be able to receive an amount equal to their capital originally invested. Investors should refer to Termination of the HSI ETF in the Hong Kong Offering Document for further details. How has the HSI ETF performed?
6 Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the total return performance is based on the calendar year end, Net Asset Value-To-Net Asset Value, with dividend (if any) reinvested. These figures show by how much the HSI ETF increased or decreased in value during the calendar year being shown. Performance data has been calculated in HKD including ongoing charges and excluding your trading costs on SEHK. The Benchmark of the HSI ETF is Hang Seng Index (total return with dividend reinvested, net of PRC withholding tax). HSI ETF launch date: Is there any guarantee? The HSI ETF does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Please refer to paragraph (2)(i) in Appendix 1 (Current Fees and Charges) of the Hong Kong Offering Document of the HSI ETF for details of other fees and expenses applicable to the in-kind creation or redemption of Units. Charges incurred when trading the HSI ETF on SEHK Fee Brokerage Fee What you pay Market rates SFC Transaction Levy % 1 SEHK Trading Fee 0.005% 2 Stamp Duty Nil Inter-counter transfer HKD5 3 1 SFC Transaction Levy of % of the trading price of the Units is payable by each of the buyer and the seller. 2 SEHK Trading Fee of 0.005% of the trading price of the Units is payable by each of the buyer and the seller. 3 HKSCC will charge each CCASS Participant a fee of HKD5 per instruction for effecting an inter-counter transfer of the HSI ETF between one counter and the other counter. Investors should check with their brokers regarding any additional fees. Ongoing fees payable by the HSI ETF The following expenses will be paid out of the HSI ETF. They affect you because they reduce the Net Asset Value of the HSI ETF which may affect the trading price. Fee Management Fee^ Trustee Fee^ Performance Fee Administration Fee Annual rate (as a % of the Net Asset Value of the HSI ETF) 0.05% per annum 0.05% per annum on the first HKD600 million of the Net Asset Value; and 0.03% per annum on Net Asset Value in excess of HKD600 million Nil Nil ^ Please note that the annual rate stated is the rate charged currently as specified in the Hong Kong Offering Document of the HSI ETF. It may be increased up to a permitted maximum rate as set out in the Hong Kong Offering Document of the HSI ETF by giving 1 month s prior notice to relevant Unitholders. Additional Information You can find the following information of the HSI ETF, both in the English and Chinese languages, at the HSI ETF s website at (this website has not been reviewed by the SFC): The HSI ETF s Hong Kong Offering Document (including this Product Key Facts Statement as may be updated from time to time) The compositions of the dividends (i.e. the percentages of dividends being paid out of (i) net distributable income and (ii) capital) for a rolling 12-month period (such information is also available from the Manager on request)
7 The latest semi-annual and annual financial reports of the HSI ETF The near real-time estimated Net Asset Value per Unit throughout each Dealing Day in HKD and in RMB The last closing Net Asset Value in HKD only and the last closing Net Asset Value per Unit in HKD and in RMB Any notices and announcements The latest list of Participating Dealers and market makers The near real-time estimated Net Asset Value per Unit in RMB is indicative and for reference only. This is updated every 15 seconds during the SEHK trading hours. The near real-time estimated Net Asset Value per Unit in RMB does not use a real-time RMB: HKD foreign exchange rate it is calculated using the estimated Net Asset Value per Unit in HKD multiplied by an assumed foreign exchange rate using the Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) on the previous SEHK trading day. The last closing Net Asset Value per Unit in RMB is indicative and for reference only and is calculated using the last closing Net Asset Value per Unit in HKD multiplied by an assumed foreign exchange rate using the Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day. Please refer to the Hong Kong Offering Document for details. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. This material is issued by Hang Seng Investment Management Limited, a wholly-owned subsidiary of Hang Seng Bank Limited.
83118 - RMB counter 03118 - HKD counter. 100 Units- RMB counter 100 Units HKD counter 3.10% MSCI China A Index. Renminbi (RMB) 31 December
Issuer: Harvest Global Investments Limited PRODUCT KEY FACTS Harvest MSCI China A Index ETF A sub-fund established under the Harvest Funds (Hong Kong) ETF This is an exchange traded fund. This statement
More informationPRODUCT KEY FACTS Haitong CSI300 Index ETF a sub-fund of the Haitong ETF Series
PRODUCT KEY FACTS Hai Tong Asset Management (HK) Limited December 2015 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part of
More informationMirae Asset Global Investments (Hong Kong) Limited. Annually at the Manager s discretion (May in each year) Financial year end of
PRODUCT KEY FACTS Horizons Exchange Traded Funds Series- 17 November 2015 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part
More informationProduct Key Facts CSOP China 5-Year Treasury Bond ETF
Product Key Facts CSOP China 5-Year Treasury Bond ETF CSOP Asset Management Limited 1 February 2016 This is an exchange traded fund. This statement provides you with key information about this product.
More informationChina Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司
PRODUCT KEY FACTS C-Shares CSI 300 Index ETF a sub-fund of the China Universal International ETF Series China Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司 29 April
More informationPRODUCT KEY FACTS Samsung KOSPI 200 Daily (2x) Leveraged Product
Issuer: Samsung Asset Management (Hong Kong) Limited 三 星 資 產 運 用 ( 香 港 ) 有 限 公 司 PRODUCT KEY FACTS Samsung KOSPI 200 Daily (2x) Leveraged Product 24 June 2016 This is a leveraged product. It is different
More informationPRODUCT KEY FACTS Samsung TOPIX Daily (2x) Leveraged Product
Issuer: Samsung Asset Management (Hong Kong) Limited 三 星 資 產 運 用 ( 香 港 ) 有 限 公 司 PRODUCT KEY FACTS Samsung TOPIX Daily (2x) Leveraged Product 24 June 2016 This is a leveraged product. It is different from
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO NASDAQ 100 ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about this
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO MSCI JAPAN HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information
More informationComStage 1. ComStage 1 DAX UCITS ETF. Issuer: Commerz Funds Solutions S.A. 29 June 2016
PRODUCT KEY FACTS ComStage 1 ComStage 1 DAX UCITS ETF Issuer: Commerz Funds Solutions S.A. 29 June 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about
More informationPRODUCT KEY FACTS BOCHK RMB Fixed Income Fund
PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 29 April 2016 This statement provides you with key information about
More informationMirae Asset Global Investments (Hong Kong) Limited
PRODUCT KEY FACTS Horizons Exchange Traded Funds Series- 21 January 2016 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part of
More informationIndustrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *
APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO MSCI EUROPE QUALITY HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key
More informationHANG SENG FTSE / XINHUA CHINA 25 INDEX ETF
HANG SENG FTSE / XINHUA CHINA 25 INDEX ETF (SEHK STOCK CODE:2838) www.hangseng.com/etf IMPORTANT RISK WARNINGS / FUND INFORMATION FOR HONG KONG INVESTORS Hang Seng FTSE/Xinhua China 25 Index ETF (the HS
More informationishares ASIA TRUST a Hong Kong unit trust authorized under Section 104 of the Securities and Futures Ordinance (Cap. 571) of Hong Kong 1 (the Trust )
ishares ASIA TRUST a Hong Kong unit trust authorized under Section 104 of the Securities and Futures Ordinance (Cap. 571) of Hong Kong 1 (the Trust ) ishares MSCI AC Asia ex Japan Index ETF (Stock Code:
More informationVanguard Investments Hong Kong Limited December 2015
PRODUCT KEY FACTS Vanguard FTSE Developed Europe Index ETF Vanguard Investments Hong Kong Limited December 2015 This is an exchange traded fund. This statement provides you with key information about this
More informationMirae Asset Global Investments (Hong Kong) Limited
PRODUCT KEY FACTS Horizons Exchange Traded Funds Series- 17 November 2015 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part
More informationSchroder International Opportunities Portfolio - Schroder Asian Income (the Fund )
This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus¹. It is important to read the Prospectus before deciding
More informationHang Seng Investment Index Funds Series. Hang Seng H-Share Index ETF (HKD Counter Stock Code: 02828 / RMB Counter Stock Code: 82828) (the Fund )
Hang Seng Investment Index Funds Series Hang Seng H-Share Index ETF (HKD Counter Stock Code: 02828 / RMB Counter Stock Code: 82828) (the Fund ) This document is important and requires your immediate attention.
More informationHFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund )
PRODUCT KEY FACTS HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) Issuer: HFT Investment Management (HK) Limited April 2015 This statement provides you with key
More informationGuotai Junan Assets (Asia) Limited (the Manager ) HSBC Trustee (Cayman) Limited
PRODUCT KEY FACTS ASSET MANAGEMENT Guotai Junan Investment Funds Guotai Junan Equity Income Fund (the Sub-Fund ) January 2015 This statement provides you with key information about this product. This statement
More information(the Funds and each a Fund )
SECOND REMINDER THIS ANNOUNCEMENT AND NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE FOR UNITS OF THE EXCHANGE
More informationThe financial statements are presented in Hong Kong Dollars (dollars) and rounded to the nearest dollars.
Notes on the Financial Statements 1 Background Hang Seng Index ETF ( the Fund ) is authorised by the Hong Kong Securities and Futures Commission under Section 104(1) of the Hong Kong Securities and Futures
More informationINITIAL PUBLIC OFFERINGS
EQUITIES Main Board GEM EQUITIES Equity securities, generally referred to as shares or stocks, represent ownership units in the issuing company. In Hong Kong, shares are listed either on the Main Board
More informationProduct Key Facts. PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund. 22 December 2014
Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 December 2014 This statement provides you with key information about
More informationLegg Mason Western Asset Asian Opportunities Fund
PRODUCT KEY FACTS Legg Mason Global Funds Plc Legg Mason Western Asset Asian Opportunities Fund Issuer: Legg Mason Asset Management Hong Kong Limited January 2015 This statement provides you with key information
More informationDa Cheng CSI China Mainland Consumer Tracker* (Stock Code: 3071) (the Sub-Fund ) (*This is a synthetic ETF)
THIS ANNOUNCEMENT AND NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE FOR UNITS OF THE EXCHANGE TRADED FUND NAMED
More informationBosera ETFs. Bosera FTSE China A50 Index ETF
Important: If you are in any doubt about the contents of this Addendum, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser. This Addendum forms an integral
More informationHSBC Asian High Yield Bond Fund
Important information: HSBC Asian High Yield Bond Fund (the Fund ) invests primarily in a broad range of higher yielding Asian fixed income securities and instruments. Investments of the Fund may include
More informationPART III TERMS APPLICABLE TO RESPECTIVE ACCOUNTS Schedule A Terms for Cash Account / Margin Account. 5. Pilot Programme for Trading US Securities
Additional information to the Client Trading Master Document Terms and Conditions (Version 6) are set out in this appendix. To download the online version, please visit our company website http://www.cashon-line.com.
More informationAPPENDIX: RISK DISCLOSURES AND OTHER INFORMATION OF SHANGHAI-HONG KONG STOCK CONNECT
APPENDIX: RISK DISCLOSURES AND OTHER INFORMATION OF SHANGHAI-HONG KONG STOCK CONNECT This Appendix describes some of the key risk factors concerning Stock Connect based on the Company s current understanding
More informationMin. Investment Class A Units Initial: USD 1,000 Additional: USD 250
Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 February 2013 This statement provides you with key information about
More informationPRODUCT KEY FACTS BOCIP HK Dollar Money Market Fund
PRODUCT KEY FACTS BOCIP HK Dollar Money Market Fund a sub-fund of BOCIP Asset Management Investment Funds Issuer: BOCI-Prudential Asset Management Limited 29 April 2016 This statement provides you with
More informationFor Managing the. Hang Seng Index. Jun 2016 Version 1.4
For Managing the Hang Seng Index Jun 2016 Version 1.4 Amendment History Date Description 1.0 September 2011 First Issue 1.1 November 2013 Updated description of index universe in Section 3 - Constituent
More informationCSOP WTI Oil Annual Roll December Futures ER ETF. www.csopasset.com^
IMPORTANT: Investments involve risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the
More informationThe Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong with limited liability under the Companies Ordinance of Hong Kong)
4 July 2016 Hong Kong Exchanges and Clearing Limited ( HKEX ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility for
More informationJupiter Merlin International Equities Portfolio
Jupiter Merlin Funds Jupiter Merlin International Equities Portfolio Jupiter Asset Management Limited Product Key Facts April 2016 Product Key Facts This statement provides you with key information about
More informationSchroder International Choice Portfolio - Schroder Global High Yield Fund (the Fund )
This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus¹. It is important to read the Prospectus before deciding
More informationTreasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC.
IMMEDIATE RELEASE IMPORTANT NOTES 1. E Fund Citi Chinese Government Bond 5-10 Years Index ETF (the Sub-Fund ) is a passively managed exchange traded fund ( ETF ) and is traded on the Stock Exchange of
More informationANZ ETFS PHYSICAL RENMINBI ETF. (ASX Code: ZCNH)
ANZ ETFS PHYSICAL RENMINBI ETF (ASX Code: ZCNH) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors by ANZ
More informationas Issuer The Hongkong and Shanghai Banking Corporation Limited
Product Booklet dated 22 July 2011 C-45 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (a company incorporated in Hong Kong with limited liability, a licensed bank regulated by the Hong Kong Monetary
More informationHSBC Global Investment Funds Global High Yield Bond
Important information: For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that the payment of dividends out of capital
More informationMAIN CHARACTERISTICS OF PILOT PROGRAMME SECURITIES
PILOT PROGRAMME FOR TRADING US SECURITIES Informational Documentation For Clients of Exchange Participants The material contained herein is for general information and investors should only consider participating
More informationishares FTSE A50 China Index ETF* (* This is a synthetic ETF) (Stock Code: 2823)
IMPORTANT: Investments involve risks, including the loss of principal. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment
More informationSecurities Services Charges (Applicable to Company Account Customers)
Securities Services Charges (Applicable to Company Account Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationDCI Investment Trust. Da Cheng China RMB Fixed Income Fund. Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum )
DCI Investment Trust Da Cheng China RMB Fixed Income Fund Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum ) IMPORTANT NOTE: This Addendum is supplemental to and forms
More informationSecurities Services Charges (Applicable to Personal Customers)
Securities Services Charges (Applicable to Personal Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationDTDC is a new RMB product development initiative introduced by HKEx.
1. What is Dual Tranche, Dual Counter (DTDC)? DTDC is a new RMB product development initiative introduced by HKEx. Under the DTDC model, the same issuer can offer simultaneous initial public offer and
More informationFact sheet on the listing of H-shares 6 August 2013
Fact sheet on the listing of H-shares 6 August 2013 1. General background of the listing of H shares The Stock Exchange of Hong Kong Limited (SEHK), which became a wholly-owned subsidiary of Hong Kong
More informationImportant Notice of Trading Shanghai A Shares and A Shares Margin Trading via Shanghai-Hong Kong Stock Connect
Important Notice of Trading Shanghai A Shares and A Shares Margin Trading via Shanghai-Hong Kong Stock Connect Please be informed that the followings are applicable to any transactions in relation to trading
More informationMeasures for Shanghai-Hong Kong Stock Connect Pilot Program by the Shanghai Stock Exchange
Measures for Shanghai-Hong Kong Stock Connect Pilot Program by the Shanghai Stock Exchange Disclaimer: The Chinese version of the rules issued by the Shanghai Stock Exchange shall prevail, while the English
More informationRMB5,500,000,000 Fixed Rate Bonds due 2014. Denomination: RMB10,000
Selling Manual RMB5,500,000,000 Fixed Rate Bonds due 2014 Denomination: RMB10,000 The Ministry of Finance of the People s Republic of China (the Ministry of Finance ) announced on 14 June 2012 that it
More informationCHAPTER I GENERAL PROVISIONS
China Securities Depository and Clearing Corporation Ltd. Implementing Rules for Registration, Depository and Clearing Services under the Shanghai-Hong Kong Stock Connect Pilot Program Declaimer: For the
More informationBuyers Guide to RMB Bonds. Main author: Bryan Collins
Buyers Guide to RMB Bonds Main author: Bryan Collins RMB bond investors need to do their homework first The RMB bond market is a relatively new and exciting investment opportunity, with RMB bond having
More informationEnriching knowledge series: Learn more about stock listing, bonds and funds investment
Enriching knowledge series: Learn more about stock listing, bonds and funds investment June 2012 External Relations Rundown Part 1: New stock listing methods Break Part 2: Credit ratings and ibonds Part
More informationProduct Booklet for Non-Principal Protected Unlisted Bull Equity Linked Investments Linked to a Single Security (Bull ELIs)
Product Booklet dated 22 July 2011 C-45 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (a company incorporated in Hong Kong with limited liability, a licensed bank regulated by the Hong Kong Monetary
More informationMacquarie Australian Fixed Interest Fund Product Disclosure Statement
Macquarie Australian Fixed Interest Fund Investment Management April 206 Macquarie Australian Fixed Interest Fund Product Disclosure Statement Contents. About Macquarie Investment Management Australia
More informationModule 1 Introduction to ETFs
Module 1 Introduction to ETFs Course #: Title Topic 1: Big picture investing... 3 Which stock to buy?... 3 Why take a big picture approach?... 3 How can you invest in the market?... 4 Topic 2: What are
More informationLegislative Council Panel on Financial Affairs. Establishment of Shanghai-Hong Kong Stock Connect
CB(1)1543/13-14(04) For discussion on 9 June 2014 Legislative Council Panel on Financial Affairs Establishment of Shanghai-Hong Kong Stock Connect Purpose This paper briefs Members on the establishment
More informationImportant notice of trading via Shanghai-Hong Kong Stock Connect
Important notice of trading via Shanghai-Hong Kong Stock Connect What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a pilot programme developed by Hong Kong Exchanges and Clearing
More informationFirst Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to
First Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to be developed by Hong Kong Exchanges and Clearing Limited
More informationIntroductory Guide to RMB Currency Futures
Introductory Guide to RMB Currency Futures RMB Internationalisation The opening up of Mainland China now is creating more and more business opportunities. China is the second largest economy and a major
More informationHSI Futures and Options Quote Vendors Access Codes (As at 11 May, 2001)
HSI Futures and Options Quote Vendors Access Codes (As at 11 May, 2001) Information Vendors HSI Futures HSI Options ABC HSImmyy - Bloomberg HIA HSI OMON Bridge HK@HSIyym HK@HSIyym ET Net
More informationThe Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong with limited liability under the Companies Ordinance of Hong Kong)
9 October 2015 Hong Kong Exchanges and Clearing Limited ( HKEx ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility
More informationSPDR EURO STOXX 50 ETF
FEZ (NYSE Ticker) Summary Prospectus-January 31, 2016 Before you invest in the SPDR EURO STOXX 50 ETF (the Fund ), you may want to review the Fund's prospectus and statement of additional information,
More informationNon-collateralised Structured Products Supplemental Listing Document for Warrants over Single Unit Trusts
29 January 2016 Hong Kong Exchanges and Clearing Limited ( HKEx ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility
More informationGlobal Select Manulife (MPF) Scheme
Global Select Manulife (MPF) Scheme Offering D O cume nt MPF GS OFF/DOC (04/2016) Manulife Provident s Trust Company Limited 22/F, Manulife Financial Centre, 223-231 Wai Yip Street, Kwun Tong, Kowloon,
More informationThese Stock Connect Terms are the terms and conditions governing trading of China Connect Securities through Shanghai-Hong Kong Stock Connect.
SEC343ci(YX) 1-28 10/14 E Stock Connect Terms These Stock Connect Terms are the terms and conditions governing trading of China Connect Securities through Shanghai-Hong Kong Stock Connect. 1. Authority
More informationdb x-trackers S&P 500 UCITS ETF (DR) Supplement to the Prospectus
db x-trackers S&P 500 UCITS ETF (DR) Supplement to the Prospectus This Supplement contains information in relation to db x-trackers S&P 500 UCITS ETF (DR) (the Fund ), a sub-fund of Concept Fund Solutions
More informationPRODUCT HIGHLIGHTS SHEET
Prepared on 18 January 2016 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus 1 ( Prospectus
More informationNon-collateralised Structured Products Supplemental Listing Document for Callable Bull/Bear Contracts over Index
12 October 2015 Hong Kong Exchanges and Clearing Limited ( HKEx ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility
More informationSPDR FTSE Greater China ETF A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.
A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.html Annual Report 1st October 2014 to A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.html
More informationHSBC Mutual Funds. Simplified Prospectus June 8, 2015
HSBC Mutual Funds Simplified Prospectus June 8, 2015 Offering Investor Series, Advisor Series, Premium Series, Manager Series and Institutional Series units of the following Funds: HSBC Global Corporate
More informationPRODUCT HIGHLIGHTS SHEET
This Product Highlights Sheet is an important document. Prepared on: 18 March 2016 It highlights the key terms and risks of this investment product and complements the Prospectus 1. It is important to
More informationAn easy way of investing offshore
A JSE / Deutsche Bank initiative An easy way of investing offshore Exchange Traded Funds ETFs Itrix DJ EURO STOXX 50 Itrix FTSE 100 Itrix ETFs allow you to Diversify your investment portfolio offshore
More informationSPDR Wells Fargo Preferred Stock ETF
SPDR Wells Fargo Preferred Stock ETF Summary Prospectus-October 31, 2015 PSK (NYSE Ticker) Before you invest in the SPDR Wells Fargo Preferred Stock ETF (the Fund ), you may want to review the Fund's prospectus
More information+626.1% NAVs & codes +265.6%
HHHHH Morningstar Rating TM1 As at 31-12-2015 Value Partners High-Dividend Stocks Fund 31 December 2015 2 Pages NAV per unit: Class A1 USD - USD71.86 Class A2 MDis USD - USD10.56 Fund size: USD3,904.4
More informationJPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*!
AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Global Bond Fund December 2015 Asset Management Company of the Year 2014 Fundamental Strategies, Asia + Important information 1. The Fund invests primarily
More informationInvesco Funds Series 1-5 Consolidated Prospectus
Invesco Funds Series 1-5 Consolidated Prospectus 26 November 2010 Invesco Funds Series 1 Invesco Funds Series 2 Invesco Funds Series 3 Invesco Funds Series 4 Invesco Funds Series 5 Each an open-ended umbrella
More informationThe Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong with limited liability under the Companies Ordinance of Hong Kong)
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the CBBCs described below. Hong Kong Exchanges and Clearing
More informationNon-collateralised Structured Products Supplemental Listing Document for Warrants over Index
29 January 2016 Hong Kong Exchanges and Clearing Limited ( HKEx ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility
More informationContents. ETF Reference Guide Page 2 The Stock Exchange of Mauritius
ETF Reference Guide Contents 1. Background 04 2. Introduction to Exchange Traded Funds 05 What are Exchange Traded Funds Why invest in Exchange Traded Funds as an alternative to other similar investments?
More informationShanghai-Hong Kong Stock Connect 2015.01.07
Shanghai-Hong Kong Stock Connect 2015.01.07 The launch of Stock Connect further expands the crossborder RMB investment channel Shanghai-Hong Kong Stock Connect officially launched on 17 Nov 2014, enabling
More informationi-account General fees (A) Deposit services Monthly service fee 1, 2 (based on the Average Daily Relationship Balance 3 in the preceding month) Waived
i-account General fees Category (A) Deposit services Monthly service fee 1, 2 (based on the Average Daily Relationship Balance 3 in the preceding month) HK$5,000 or above Below HK$5,000 Temporary overdraft
More informationKEY FEATURES DOCUMENT
KEY FEATURES DOCUMENT HSBC GIF Global High Income Bond This Key Features Document (KFD) is designed to highlight what HSBC consider are the key points you should know before you invest. It is not exhaustive
More informationSUMMARY PROSPECTUS. BlackRock Funds SM. Service Shares BlackRock Science & Technology Opportunities Portfolio Service: BSTSX JANUARY 28, 2016
JANUARY 28, 2016 SUMMARY PROSPECTUS BlackRock Funds SM Service Shares BlackRock Science & Technology Opportunities Portfolio Service: BSTSX Before you invest, you may want to review the Fund s prospectus,
More informationNon-collateralised Structured Products Supplemental Listing Document for Warrants over Index
27 January 2016 Hong Kong Exchanges and Clearing Limited ( HKEx ), The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited take no responsibility
More informationSummary. Research Paper No. 22
Trading of Hong Kong Stocks by US and Japanese Residents Joseph Lee and Joanna Poon, Research Department of the Supervision of Markets Division 1 September 25 Summary On a monthly basis, trading of Hong
More informationImpact of the Issuance of A-shares on the Turnover of H-shares Joseph Lee and Yan Yuhong 1 December 2003
Impact of the Issuance of A-shares on the Turnover of H-shares Joseph Lee and Yan Yuhong 1 December 2003 Executive Summary Some commentators have suggested that the issuance of A-shares may reduce the
More informationShanghai-Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect FAQ for Investors (Updated:30 April 2014) The information and materials contained in this FAQ are provided on an as is and as available basis and may be amended or changed
More informationANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF. (ASX Code: ZYAU)
ANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF (ASX Code: ZYAU) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors
More informationDAVIS-REA MUTUAL FUNDS
DAVIS-REA MUTUAL FUNDS SIMPLIFIED PROSPECTUS DATED August 28, 2015 Davis-Rea Balanced Fund Davis-Rea Equity Fund Davis-Rea Fixed Income Fund Class A, Class B, Class F and Class O Units No securities regulatory
More informationSummary Prospectus August 28, 2015, as revised September 21, 2015
EXCHANGE TRADED CONCEPTS TRUST ROBO Global TM Robotics and Automation Index ETF Summary Prospectus August 28, 2015, as revised September 21, 2015 Principal Listing Exchange for the Fund: NASDAQ Stock Market
More informationUpon issue, the Shares will be admitted to trading on the main market of the LSE. The Shares are already listed on the Official List of the UKLA.
This Supplement contains information relating to the Fund which is a separate fund of the Company. This Supplement forms part of and should be read in the context of, and together with, the Prospectus
More informationdb x-trackers FTSE 100 Equal Weight UCITS ETF (DR) Supplement to the Prospectus
db x-trackers FTSE 100 Equal Weight UCITS ETF (DR) Supplement to the Prospectus This Supplement contains information in relation to db x-trackers FTSE 100 Equal Weight UCITS ETF (DR) (the Fund ), a sub-fund
More informationVarius Global Equity Fund
Varius Global Equity Fund Supplement to the Prospectus dated 12 May 2016 for Platform Capital UCITS ICAV An umbrella fund with segregated liability between sub-funds This Supplement contains specific information
More informationSeries of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The Funds and their securities offered under this Annual Information Form are
More informationValue ETFs Trust. Stock Code: 3041 PROSPECTUS. Manager Sensible Asset Management Hong Kong Limited. Sub-Manager Value Partners Hong Kong Limited
IMPORTANT: If you are in any doubt about the contents of this Prospectus, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice.
More information2016 Summary Prospectus
April 18, 2016 Global X S&P 500 Catholic Values ETF NASDAQ: CATH 2016 Summary Prospectus Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund
More information