NAV per Unit
Market value of a mutual fund's or ETF's total assets, minus liabilities, divided by the number of shares outstanding.
The objective of the SPDR® FTSE® Greater China ETF (the "Fund") is to provide investment returns, before fees and expenses, that closely correspond to the performance of the FTSE® Greater China HKD Index (the "Index").
Investment involves risk. The Fund is not "actively managed", therefore when there is a decline in the Underlying Index, the Fund will also decrease in value. The Manager will not adopt any temporary defensive position against any market downturn.
Generally, retail investors can only buy or sell Units on SEHK. The trading prices of the Units on SEHK are driven by market factors such as demand and supply of the Units. Therefore, the Units may trade at a substantial premium/discount to its Net Asset Value.
The Fund invests a significant portion of its assets in stocks with heavy exposure to China, which involve a greater risk of loss than investing in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity and regulatory risks. The concentration of investments in China may result in greater volatility and less liquidity. Investment in these markets involve higher transaction and custody costs.
The investments of the Fund may be concentrated in securities of a single or several issuers, an industry or group of industries, or in a particular jurisdiction or market. Changes in the financial condition of an issuer, or changes in specific or general economic or political conditions that affect such issuer, industry, jurisdiction or market may adversely affect the value of securities resulting in price volatility and a negative impact on the securities held by the Fund.
The Fund may not be suitable for all investors and investors may lose part or all of your investment.
Investors should not invest based on this document only. Investors should read the Fund's prospectus including the risk factors, consider the relevant product features, their own investment objectives, risk tolerance level and other circumstances and seek independent financial and professional advice as appropriate before making any investment decision.
as of 17 May 2019
HKD -$0.59 (-1.48%)
as of 17 May 2019
HKD $761.24 M
as of 17 May 2019
The ongoing charges figure is based on the expenses for the financial year ended 30 September 2018. The figure may vary from year to year. The ongoing charges figure is calculated by adding the applicable charges and payments deducted from the assets of the Greater China ETF and then dividing by the Greater China ETF's average net asset value for the financial year. During the financial year ended 30 September 2018, the Manager intended to maintain the ongoing charges figure to be no more than 0.48% and therefore reimbursed certain expenses of the Greater China ETF.
The SPDR® FTSE® Greater China ETF (the "Fund") seeks to provide investment returns, before fees and expenses, that closely correspond to the performance of the FTSE® Greater China HKD Index ("Index" and "Benchmark").
Comprises exposure to the four leading Asian equity markets: China, Hong Kong, Singapore and Taiwan.
The investment objective of the Fund is to provide investment returns, before fees and expenses, that closely correspond to the performance of the FTSE® Greater China HKD Index.
The Manager intends to primarily adopt a replication strategy to track the performance of the Index by directly investing in substantially all the securities constituting the Index in substantially the same weightings (i.e. proportions) as these securities have in the Index.
About this Benchmark
The FTSE® Greater China HKD Index was launched on 24 May 2010, comprising of stocks listed in Hong Kong, Taiwan, Shanghai (B shares), Shenzhen (B shares) and Singapore, providing coverage for the Greater China Region. The Index does not have A Share constituent stocks.
|Estimated NAV per Unit at 4PM, Hong Kong as of||Estimated NAV per Unit as of (Updated every 15 seconds)|
|Estimated NAV per Unit at 4PM, Hong Kong as of|
|Estimated NAV per Unit as of (Updated every 15 seconds)|
Delayed by 10-15 seconds. The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed.
Growth of $10,000:
Index Inception Date:
Definitions of Tracking Difference and Tracking Error
Tracking Difference (TD)
Tracking Difference is the return difference between an ETF and its underlying benchmark / index over a certain period of time.
Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark / index. It is the volatility (measured by standard deviation) of that return difference.
SPDR® ETFs are flexible and easy to trade. Investors buy and sell them like shares, typically through a stock broker. Investors can also employ traditional share trading techniques, including stop orders, limit orders and margin purchases (if available).
To purchase a SPDR® fund, please consult your stock broker or financial advisor.
All the information contained in this document is as of date indicated unless otherwise noted.
This document is issued by State Street Global Advisors Asia Limited ("SSGA") (the "Manager") and has not been reviewed by the SFC. It may not be reproduced, distributed or transmitted to any person without express prior permission. This document and the information contained herein may not be reproduced, distributed and published in jurisdictions in which such distribution and publication is not permitted.
Investing involves risk including the risk of loss of principal.
Nothing in this document constitutes investment advice and should not be relied upon as such. The value of units in the Fund may fall or rise. Past performance of the Fund is not indicative of future performance. Distributions from the Fund are contingent on dividends paid on underlying investments of the Fund and are not guaranteed. Listing of the Fund on the SEHK does not guarantee a liquid market for the units and the Fund may be delisted from the SEHK.
Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.
"FTSE®", "FT-SE®", "Footsie®", "FTSE4Good®" and "techMARK®" are trademarks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ("FTSE") under license. "All-World®", "All-Share®" and "All-Small®" are trademarks of FTSE. The FTSE® Greater China HKD Index is calculated by FTSE. FTSE does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.
All copyright and database rights in the index values and constituent list vest in FTSE. State Street Global Advisors Asia Limited (道富環球投資管理亞洲有限公司) has obtained full licence from FTSE to use such copyrights and database rights in the creation of this product.