Disclaimer

IMPORTANT – Please read the following before proceeding

Before you continue, please read this important information carefully and scroll down to the "ACCEPT" and "DO NOT ACCEPT" buttons.

By clicking the "ACCEPT" button, you are consenting to be bound by all the terms set out herein. If you do not agree with any of these terms, click the "DO NOT ACCEPT" button.

By proceeding to access information contained herein, users are deemed to be representing and warranting that they are either Hong Kong residents or are observing the applicable laws and regulations of their relevant jurisdictions.

Value Gold ETF

  • 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 Gold Price.
  • The Fund only invests in bullion and may experience greater volatility due to single economic, market or political occurrences.
  • The Fund has adopted a multi counter and units are traded in HKD, RMB and USD on SEHK. The nature of the multi-counter model may make investment in the units riskier than in single counter units or shares of an SEHK listed issuer. Investors without RMB or USD accounts may buy and sell HKD traded units only.
  • RMB is not a freely convertible currency and is subject to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value between such currencies and the RMB.
  • 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.
  • 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.
  • Trading prices of units on the SEHK are subject to market forces and the units may trade at a substantial premium/discount to the net asset value of the Fund.
  • You should not make investment decision on the basis of this website alone. Please read the prospectus for details and risk factors.

Sensible Asset Management Hong Kong Limited does not make representation that information and website on this site are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this site are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the site in its entirety including any legal or regulatory rubric.

To the best of its knowledge and belief, SAMHK considers the information contained herein is accurate as at the date of publication. However, no warranty is given on the accuracy, adequacy or completeness of the information provided by third party. Neither SAMHK, nor its affiliates, directors and employees assumes any liabilities in respect of any errors or omissions provided by third party on this website. Under no circumstances should this information or any part of it be copied, reproduced or redistributed.

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 in particular those associated with investment in emerging markets and the arrangement in the event that the Funds are delisted. Investors should also note that the Funds are different from a typical retail investment funds, in particular, units in the Funds may only be created or redeemed directly by a participating dealer in large unit sizes.

Information in this website has been obtained from sources believed to be reliable but SAMHK does not guarantee the accuracy or completeness of the information provided by third parties.

This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Sensible Asset Management Hong Kong Limited.

The information provided herein is for informational purposes only and is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. Information posted on this site is current only as at the date of posting and may no longer be true or complete when viewed by you. All information contained herein may be changed or amended without prior notice, although SAMHK does not undertake to update this site regularly.

All copyright, patent, intellectual and other property rights in connection with the information contained herein are owned by SAMHK or its affiliates. No rights of any kind are licensed, assigned or shall otherwise pass to persons accessing this information.

Notice relating to the Personal Data (Privacy) Ordinance (the “Ordinance”)

When providing services to our clients and other parties, Sensible Asset Management Hong Kong Limited and its affiliates (collectively “SAMHK”, “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 SAMHK being unable to provide investment management and advisory services.

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

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

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

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

The Compliance Officer

Sensible Asset Management Hong Kong Limited

43rd Floor, The Center,

99 Queen's Road Central, Hong Kong

Email: operations@valueETF.com.hk

Fund performance (from to )

The FTSE Value-Stocks Indices (Indices) are total return indices. The units of the Funds are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), the London Stock Exchange Plc (the “Exchange”), the Financial Times Limited (“FT”) or Value Partners Index Services Limited (VPISL). Neither FTSE, the Exchange, FT nor VPISL make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices and/or the figure at which the Indices stand at any particular time on any particular day or otherwise. The Indices compiled and calculated by FTSE and designed by VPISL. However, neither FTSE nor Exchange nor FT nor VPISL shall be liable (whether in negligence or otherwise) to any person for any error in the Indices and neither FTSE nor the Exchange nor the FT nor VPISL shall be under any obligation to advise any person of any error therein. “FTSE®”, “FT-SE®” and “Footsie®” are trademarks of the Exchange and the FT and are used by FTSE under licence.

 

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 Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

Stock Universe
HighestRank by Value-based factorLowest
ValuationDividend
yield
QualityReturn on equityOperating profit marginNet gearing
ContrarianConsensus
buy
Filtering mechanism to remove unattractive value investment Selected stocks with lowest PE ratioWeighted investable market capitalization and capped individuallyValue Index Quality
value stocks
|
|
|
 Value Partners Group Contact Us
English 繁體 簡体
Benchmark Overview
  • Home
  • Benchmark Overview
Print

Latest ETF insights

Read more

Subscribe to our newsletter

Subscribe

Need more information?

Contact us

Value Index

In addition to developing own-branded ETF products, Value Partners has jointly created FTSE Value-Stocks Indices with FTSE Group. The indices adopt a value-based methodology designed by Value Partners Index Services Limited while their calculation and maintenance are handled by FTSE Group. Currently, all products of Value ETF “Alpha” Equity Series use the respective FTSE Value-Stocks Indices, aiming to generate excess returns, as their benchmarks, while most other ETFs are just passive funds that simply track the performance of market indices.


FTSE Value-Stocks Indices combine Value Partners’ proven track record in disciplined value investing with FTSE’s globally recognized index management expertise. By leveraging Value Partners’ expertise in value investing, FTSE Value-Stocks Indices employ a proprietary stock filtering model designed by Value Partners to stringently select quality undervalued stocks as their constituents. Furthermore, the indices are rebalanced every six months, ensuring that the latest market data are employed in the screening process.


Members of Value Index:


Index Feature:

  • Aim to generate excess return over broad-based market capitalization indices
  • Apply rule-based, consistent and systematic approach in stock-picking
  • Purely quantitative with no human subjectivity in stock selection
  • Transparent and easy-to-understand stock selection model
  • Semi-annual rebalancing

Index Methodology

Constituents of FTSE Value-Stocks Indices are selected through a stringent, multi-facet value screening process designed by Value Partners Index Services Limited. Stocks from an investable universe will be filtered based on value factors under three screening criteria:


1. Valuation screening helps to identify relatively undervalued stocks.

  • All companies in the respective investable universe are ranked by trailing 12-month dividend yield in descending order. Companies ranked in the bottom 25% will be screened out.
  • All the remaining companies will then be sorted by consensus forecast forward one-year price-to-earnings ratio (“P/E ratio”) in ascending order. Companies with negative forward P/E ratios will be screened out.


2. Quality screening is applied to avoid value traps and cheap stocks with low quality.

  • Companies are ranked based on three-year average return on equity, operating profit margin and net gearing. The worst 15% will be screened out. Bottom 5% for FTSE Value-Stocks Japan Index.


3. Contrarian screening aims to prevent our Value Indices from following the herd.

  • Companies covered by more than 10 analysts with over 80% recognizing them as a buy idea will be screened out.



Stock Universe

Liquidity / Free Float / Size

Investable Universe

Highest

Rank by Value-based factor

Lowest

Valuation
Dividend
yield
Quality
  • Return on equity
  • Operating profit margin
  • Net gearing
Contrarian
Consensus
buy
Filtering mechanism to remove unattractive value investment
Selected stocks with lowest PE ratio
Weighted investable market capitalization and capped individually
Value Index Quality
value stocks

The FTSE Value-Stocks Indices (Indices) are total return indices. The units of the Funds are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), the London Stock Exchange Plc (the “Exchange”), the Financial Times Limited (“FT”) or Value Partners Index Services Limited (VPISL). Neither FTSE, the Exchange, FT nor VPISL make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices and/or the figure at which the Indices stand at any particular time on any particular day or otherwise. The Indices compiled and calculated by FTSE and designed by VPISL. However, neither FTSE nor Exchange nor FT nor VPISL shall be liable (whether in negligence or otherwise) to any person for any error in the Indices and neither FTSE nor the Exchange nor the FT nor VPISL shall be under any obligation to advise any person of any error therein. “FTSE®”, “FT-SE®” and “Footsie®” are trademarks of the Exchange and the FT and are used by FTSE under licence.

 

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 Sensible Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

Privacy Info Disclaimer Cookie Policy Copyright©2022 Value Partners Limited. All rights reserved.