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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 Partners, Value Gold ETF (3081.HK)?
The market’s only gold ETF
with a physical depot in
Hong Kong.
It allows redemption of gold bullion1, reducing geopolitical risks.
“Best-in-class”
commodity
ETF
Multiple currency counters (HKD, RMB, USD)
Transparency,
Convenience,
and Affordability
Trading Value Gold ETF is four times cheaper than trading a physical gold bar2.
Why gold, Why now?
Inflation Hedge

Gold has historically rallied in periods of high inflation.
In years of higher inflation with over 5%, gold’s price has increased over 20% since 19713.
Gold’s price historically rallied in periods of high inflation (1971-2022)
Diversify Risk During Market Downturns

Gold can mitigate losses in times of market stress, especially during periods of “abnormal volatility”4.
Gold outperforms relative to US equities during drawdowns greater than 15%
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
Email: hkenquiry@vp.com.hk
1. The minimum creation/redemption unit size (by authorized participants only) is 300,000 Units (or multiples thereof).
2. Based on the closing price on 31 October 2022.
3. Source: World Gold Council, Reuters. Based on y-o-y changes of the LBMA Gold Price. Bloomberg Commodity Index and US CPI between 1971 and 30 June 2022. From 1971 to 2022, there were 12 years of inflation of less than 2%, 27 years between 2% and 5%, and 12 years of more than 5%.
4. Source: World Gold Council, Reuters, Dot com bubble(29/09/2000-04/04/2001), September 11th (24/08/2001-21/09/2001), 2002 recession (19/03/2002-23/07/2002), 2008 Global Financial Crisis (11/08/2008-09/03/2009), Trade war (21/09/2018-26/12/2018), Covid-19 (19/02/2020-23/03/2020)

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.