Important Information

      I. 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.
      II. 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.
      III. 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.
      IV. 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.
      V. 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.
      VI. 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.
      VII. 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.
      VIII. 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.
      IX. You should not make investment decision on the basis of this material alone. Please read the prospectus for details and risk factors.
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Gold: A combo of diversification and upside potential
In recent years, the major central banks have been injecting liquidity to the market, deteriorating the value of banknotes and eventually purchasing power. With sustained geopolitical risk, how does gold diversify the risk for investors and combat inflation? Watch the videos to learn more.
Why invest in Value Gold ETF (3081.HK)?
The only ETF backed by
physical gold stored
in Hong Kong1

minimizing impact from geopolitical risks
Investment amount
as low as HKD4,5062

only 0.4% Total Expense Ratio
per annum3
Closely keep track
of LBMA Gold Price

with only 0.04%4 tracking
error over the past year
Why invest in gold?
Combatting inflation

Gold price has been up a total of 79% in the past 5 years, outrunning the 9% - 11% inflation rate over the same period5
Gold price has risen continuously in recent years
Long term risk diversification

Looking back at past financial crisis, gold, with a low correlation to other assets, saw price resilience and outperformed the stock market and major commodities.
Gold showed its risk-aversion in the past financial crisis6
You may now trade Value Gold ETF (3081.HK) via your securities account or contact us for further enquiries.

Value ETF hotline: +852 2143 0628
1. Refer to Hong Kong-listed ETFs only.
2. Based on the closing price on 31 December 2020, one lot (100 units) of Value Gold ETF (3081 HK) costs approximately HKD4,506.
3. Total Expense Ratio (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 the Prospectus for details.
4. As of 31 December 2020.
5. Source: Bloomberg, as of 31 December 2020. Inflation rates are represented by Hong Kong and U.S. inflation rates, which are 9.1% and 11.0% respectively.
6. Source: Bloomberg, as of 31 December 2020. Asian Financial Crisis, from 7 August 1997 to 5 October 1998; Dot-com bubble, from 27 March 2000 to 21 September 2001; SARS outbreak, from 3 December 2002 to 25 April 2003; The collapse of Lehman Brothers, from 12 September 2008 to 9 March 2009. European Debt Crisis, from 1 February 2011 to 4 October 2011; 2015/16 China's deleveraging campaign, from 24 June 2015 to 12 February 2016; COVID-19 outbreak, from 17 January 2020 to 31 December 2020. Commodities return is represented by the Bloomberg Commodity Index; Gold return is represented by the LBMA AM USD price.

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, particularly those associated with the arrangement in the event that the Fund is delisted. Investors should also note that the Fund is different from a typical retail investment fund. Units in the Fund may only be created or redeemed directly by a participating dealer in large unit sizes. This material has not been reviewed by the Securities and Futures Commission. Issuer: Sensible Asset Management Hong Kong Limited.