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ETF Summary

Stock Code
03081.HK (HKD)
83081.HK (RMB)
09081.HK (USD)
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).
Launch date 29 October 2010
Listing date 3 November 2010 29 November 2013 31 March 2017
Benchmark LBMA Gold Price*
Exchange listing The Stock Exchange of Hong Kong Limited – Main Board
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)
Trading board lot size 100 units
Base currency HKD
In-kind creation/redemption unit size (by authorized participants only) Minimum 300,000 Units (or multiples thereof)
Management fee Approximately 0.10% per annum
Ongoing Charges Estimated 0.53% per annum#
Investment manager Sensible Asset Management Hong Kong Limited
Sub-investment manager Value Partners Hong Kong Limited
Metal provider Standard Chartered Bank
Trustee and registrar HSBC Institutional Trust Services (Asia) Limited
Custodian HKIA Precious Metals Depository Limited
Participating dealers
 Physical gold delivery / cash settlement
  • 泓福證券有限公司
    (Redford Securities Limited)
    Cash settlement
  • ABN AMRO Clearing Hong Kong Limited
  • Chief Securities Limited
  • Credit Suisse Securities (Hong Kong) Limited
  • Goldman Sachs (Asia) Securities Limited
  • Nomura International (Hong Kong) Limited
Market makers Commerz Securities Hong Kong Limited
Credit Suisse Securities (Hong Kong) Limited
美林遠東有限公司
Commerz Securities Hong Kong Limited Commerz Securities Hong Kong Limited
Auditor Ernst & Young
* Effective from 20 March 2015, the Fund has been using the LBMA Gold Price to determine the Fund’s physical gold holdings for the purposes of calculating the Fund’s NAV. Before that date, the Fund used the London Gold Fixing price, which was discontinued on 20 March 2015.
# The ongoing charges figure is expressed as a percentage of the sum of expenses over the average net asset value of the Fund for the corresponding period as described below. This figure may vary from year to year. As the management fee for the Fund was reduced from 0.15% to 0.10% with effect from 1 July 2017, this is a best estimate of the Fund's ongoing charges figure for the period from 1 April 2017 to 31 March 2018, based on the actual ongoing expenses reported in the financial statments of the Fund for the period ended 31 March 2017 and taking into account the managment fee up to 30 June 2017 and the reduced management fee effective 1 July 2017. The actual figure may be different from the estimate. As a point of reference, the actual ongoing charges figure of the Fund based on the expenses for the period ended 31 March 2017 was 0.57%.
- Source from: Sensible Asset Management Hong Kong Limited ETF Value Gold Official web site

 

 

 





 
 
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