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Value Partners EMQQ Emerging Markets Internet & Ecommerce ETF

  • Value Partners EMQQ Emerging Markets Internet & Ecommerce ETF (the “Fund”) is an index-tracking fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”) which aims to provide investment results that, before fees and expenses, closely correspond to the performance of the EMQQ The Emerging Markets Internet & Ecommerce Index™(the “Index”)
  • The Fund invests in emerging markets and is subject to a greater risk of loss than investments in a developed market due to greater political, economic, taxation and regulatory uncertainty and risks linked to volatility and market liquidity.
  • The Fund is subject to concentration risk as a result of tracking the performance of securities that are issued by companies which are either headquartered or incorporated in mainland China or Hong Kong. It may likely be more volatile than a broad-based fund, as it is more susceptible to fluctuations in value of the Index resulting from adverse conditions in mainland China and Hong Kong.
  • Due to the concentration of the Index in the ecommerce and internet sector, the performance of the Index may be more volatile when compared to other broad-based stock indices. The price volatility of the Fund may be greater than the price volatility of exchange traded funds tracking more broad-based indices.
  • The Fund may invest in financial derivative instruments including swaps for investment and hedging purposes, and therefore subject to counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk.
  • The Index may experience periods of volatility and decline and the price of shares of the Fund is likely to vary or decline accordingly. 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.
  • There is no assurance that the Fund will pay dividends. The Manager may at its discretion pay dividends out of the capital of the Fund or pay dividend out of gross income while all or part of the fees and expenses of the Fund are charged to/paid out of the capital of the Fund. Dividends effectively paid out of capital amount to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Such distribution involving payment of dividends out of the capital may result in an immediate reduction of the Fund’ net asset value per share.
  • Trading prices of shares on the SEHK are subject to market forces and the shares 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 material alone. Please read the prospectus for details and risk factors.

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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, shares in the Funds may only be created or redeemed directly by a participating dealer in large shares sizes.

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Privacy Policy

1 POLICY STATEMENT

1.1 Everyone has rights with regard to the way in which their personal data in handled. During the course of the Group’s activities, the Group may collect, store and process personal data about the investors, officers and other third parties, and the Group recognises that the correct and lawful treatment of this data will maintain confidence in the organisation and will provide for successful business operations.
1.2 This document sets out the principles that the Group must follow when processing personal data to help ensure compliance with the General Data Protection Regulation (GDPR) EU 2016/679 and other applicable regulations including The Personal Data (Privacy) Ordinance of Hong Kong. Data Users are obliged to comply with this policy when processing personal data on the Group’s behalf.

2 ABOUT THIS POLICY

2.1 The types of personal data that the Group may be required to handle include information about current, past and prospective investors, officers and others with whom the Group transacts or communicates. The personal data, which may be held on paper or on a computer or other media, is subject to certain legal safeguards specified in the GDPR.
2.2 This policy and any other documents referred to in it sets out the basis on which the Group will process any personal data the Group collects from data subjects, or that is provided to the Group by data subjects or other sources.
2.3 This policy sets out rules on data protection and the legal conditions that must be satisfied when the Group collects, handles, processes, transfers and stores personal data.
2.4 The directors of the Group are collectively responsible for ensuring compliance with the GDPR, other applicable local privacy regulations and with this policy. The Board of the Group has concluded that a Data Protection Officer is not merited in this instance and has documented its reasons, as required by the GDPR. Any questions about the operation of this policy or any concerns that the policy has not been followed should be referred in the first instance to the Chairman of the Group.

3 DEFINITION OF TERMS USED IN THIS POLICY

3.1 Data is information which is stored electronically, on a computer, or in paper-based structured filing systems.
3.2 Data Subjects for the purpose of this policy include all living individuals about whom the Group holds personal data. All data subjects have legal rights in relation to their personal data.
3.3 Personal Data means data relating to a living individual who can be identified directly from that data, or indirectly from that data in conjunction with other information.
3.4 Data Controllers are the people who, or organisations who, alone or jointly with others, determine the purposes for which, and the manner in which, any personal data is processed. They are responsible for, and must be able to demonstrate compliance with, the data protection principles. The Group is the data controller of all personal data used in the Group’s business for the Group’s own commercial purposes.
3.5 Data Users are those of the Group’s board members, officers or delegates whose work involves processing personal data. Data users must protect the data they handle in accordance with this data protection policy and any applicable data security procedures at all times.
3.6 Data Processors include any person or organisation that processes personal data on the Group’s behalf and on the Group’s instructions.
3.7 Processing is any activity that involves use of the personal data. It means carrying out any operation or set of operations on the data including collecting, recording, organising, structuring, storing, amending, retrieving, using, consulting, disclosing by transmission, disseminating or otherwise making available, combining, restricting, erasing or destroying it.
3.8 Sensitive Personal Data includes information about a person’s racial or ethnic origin, political opinions, religious or similar beliefs, trade union membership, physical or mental health or sexual life.

4 DATA PROTECTION PRINCIPLES

4.1 As a data controller, the Group is responsible for, and must be able to demonstrate compliance with, the six data protection principles. These principles provide that personal data must be:

4.1.1 Obtained and processed fairly, transparently and lawfully
4.1.2 Collected for specific, explicit and legitimate purposes, and not further processed in a manner incompatible with those purposes
4.1.3 Adequate, relevant and not excessive
4.1.4 Accurate and up-to-date
4.1.5 Not kept for longer than necessary
4.1.6 Kept safe and secure

5 FAIR, TRANSPARENT AND LAWFUL PROCESSING

5.1 The GDPR is not intended to prevent the processing of personal data, but to ensure that it is done fairly and transparently.
5.2 For personal data to be processed fairly and transparently, the Group (as a data controller) must inform data subjects, when the Group collects personal data directly from them, about all of the following:

5.2.1 That the Group is the data controller in regard to the Group’s data and the Group’s contact details
5.2.2 The contact details of the Data Protection Officer (if appointed at any stage)
5.2.3 The purpose or purposes for which the Group intends to process the personal data and the legal basis
5.2.4 The legitimate interests pursued by the Group or by a third party and an explanation of those interests (where processing is based on this ground)
5.2.5 Where the processing is based on consent their right to withdraw it at any time
5.2.6 The third parties or categories of third parties, if any, to whom the Fund will disclose the personal data
5.2.7 Details of any transfers out of the EEA or Hong Kong, the safeguards the Group has in place and the means by which to obtain a copy of them
5.2.8 The data retention period or criteria used to determine same
5.2.9 The existence of the right to request access to their data; rectification or erasure of their data; restrict or object to processing, and the right to data portability
5.2.10 The right to complain to the Data Protection Commissioner if they are unhappy with how the Group is handling their data
5.2.11 Details of any automated decision-making, including profiling, and the logic involved, as well as the significance and consequences of such processing for the data subject, and
5.2.12 Whether the provision of personal data is a statutory or contractual requirement, and the consequences of failing to provide such data

5.3 Where the Group intends to process the personal data for a further purpose, other than that for which the personal data were collected, the Group will provide the data subject prior to that further processing with information on that purpose.
5.4 If the Group receives personal data about a data subject from other sources, the Group will provide the data subject with the information at clause 5.2, as well as the categories of personal data concerned, from which source the data originated and, if applicable, whether it came from publicly accessible sources. The Group will provide this information to the data subject within one month of obtaining the data; or at the time of the first communication to the data subject (where applicable), or if a disclosure to another recipient is envisaged, when the data are first disclosed.
5.5 When processing personal data in the course of the Group’s business, the Fund will ensure that these information requirements are met.
5.6 For personal data to be processed lawfully, it must be processed on the basis of one of the legal grounds set out in the GDPR. These grounds include: where the data subject has given his/her free, informed and unambiguous consent; or if necessary for the performance of a contract with the data subject; or for compliance with a legal obligation to which the data controller is subject; or for the legitimate interests of the data controller or a third party to whom the data is disclosed, except where those interests are overridden by the interests of the data subject.
5.7 The processing of Sensitive Personal Data is prohibited unless one of another set of legal grounds set out in the GDPR applies including: the data subject has given his/her explicit consent; or the data have been made public by the data subject; or if necessary for the establishment or defence of legal claims, or to protect the vital interests of the data subject where the data subject is physically or legally incapable of giving his/her consent.

6 PROCESSING FOR LIMITED PURPOSES

6.1 In the course of the Group’s business, the Group may collect and process the personal data set out in the schedule. This may include data the Group receives directly from a data subject (for example, by completing forms or by corresponding with the Group by mail, phone, email or otherwise) and data the Group receives from other sources (including, for example, business partners, counterparties, sub-contractors in technical, payment and delivery services, and others).
6.2 The Fund will only process personal data for the specific purposes set out in the schedule or for any other purposes specifically permitted by the GDPR. The Group will notify those purposes to the data subject when the Group first collects the data or, if the Group collects the data indirectly, as soon as possible thereafter.

7 ADEQUATE, RELEVANT AND NOT EXCESSIVE
The Group will only collect personal data to the extent that it is required for the specific purpose(s) notified to the data subject.

8 ACCURATE AND UP-TO-DATE DATA
The Group will take reasonable steps to ensure that personal data the Group holds is accurate and kept up-to-date. The Group will take reasonable steps to check the accuracy of any personal data at the point of collection and at regular intervals afterwards. The Group will take all reasonable steps to amend or destroy inaccurate or out-of-date data.

9 STORAGE LIMITATION
The Fund will not keep personal data for longer than is necessary for the purpose or purposes for which they were collected. The Fund will take all reasonable steps to destroy, or erase the data from the Fund’s systems when they are no longer required as set out in the Schedule to this Policy.

10 DATA SECURITY

10.1 The Group will or will require that its delegates will take appropriate technical and organisational security measures, taking in account the risks presented by the processing, in particular from accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to personal data transmitted, or stored.
10.2 The Fund’s security measures include, where appropriate:
10.2.1 The ability to ensure the ongoing confidentiality, integrity and availability and resilience of processing systems and services
10.2.2 The ability to restore the availability and access to personal data in a timely manner in the event of a physical or technical incident
10.2.3 A process for testing, assessing and evaluating the effectiveness of technical and organismal measures for ensuring the security of the processing
10.3 Where processing is to be carried out on the Group’s behalf, the Group shall only engage processors who provide sufficient contractual guarantees to implement appropriate technical and organisational security measures in such a manner that processing will meet the requirements of the GDPR and ensure the protection of the rights of the data subject.
10.4 As a controller, the Group is required to enter into a written contract with the processor (including in electronic form), which will set out the subject-matter and duration of the processing, the nature and purpose of the processing, the type of personal data and the categories of data subjects. The contract shall set out, in particular, the specific mandatory obligations of processors laid down in Article 28 of the GDPR.

11 PROCESSING IN LINE WITH DATA SUBJECT’S RIGHTS

11.1 As a data controller, the Group is required to process personal data in line with data subjects’ rights, in particular their right to:

11.1.1 Request access to a copy of any data the Group holds about them (see also clause 13)
11.1.2 Request any inaccurate or incomplete data to be rectified (see also clause 8)
11.1.3 Object to or request erasure or restriction of processing in specified circumstances
11.1.4 Request a copy of the data they have provided to the Group and transmit those data to another controller without hindrance from the Group, or have the personal data transmitted directly from the Group to another controller, where technically feasible (i.e. right to data portability)
11.1.5 Not to be subject to a decision based solely on automated processing, including profiling, which produces a legal effect or other significant effect on the data subject, except where the decision is necessary for the performance of a contract; authorised by EU, Irish or Hong Kong law, or based on the data subject’s explicit consent
11.1.6 Prevent the processing of their data for direct-marketing purposes

11.2 The Group will provide the data subject with information on action taken in response to the exercise of any of these rights without undue delay, and at the latest within one month of receipt of the data subject’s request. This period may be extended by two further months where requests are numerous or complex.

12 DEALING WITH ACCESS REQUESTS.

12.1 Data subjects may make a request for information the Group holds about them. This request may be made in writing or orally.
12.2 When receiving telephone enquiries, the Group will only disclose personal data the Group holds on the Group’s systems if the caller’s identity can be verified. If their identity cannot be verified, the Group will request the caller to put their request in writing.
12.3 A data subject has a right of access to a copy of the personal data the Group holds about him/her, as well as the following information:

12.3.1 The purposes of the processing
12.3.2 The categories of the personal data concerned
12.3.3 The recipient to whom the personal data have been or will be disclosed
12.3.4 The data retention period or criteria used to determine same
12.3.5 The existence if the right to request from the controller rectification or erasure of personal data or restriction of processing of personal data concerning that data subject or to object to such processing
12.3.6 The right to lodge a complaint with the Data Protection Commissioner
12.3.7 Where the personal data are not collected from the data subject any available information as to their source
12.3.8 The existence of automated decision-making, including profiling; the logic involved, and the envisaged consequences of such processing for the data subject, and
12.3.9 Where personal data is transferred out of the EEA, the data subject must be informed of the appropriate safeguards in place

12.4 The Group will provide a copy of the personal data free of charge unless a request is manifestly unfounded or excessive, in particular because of its repetitive character, in which case it may charge a reasonable fee, based on administrative costs.
12.5 Where the data subject makes the request by electronic means, and unless otherwise requested by the data subject, the information will be provided in a commonly used electronic form.

13 TRANSFERRING PERSONAL DATA TO A COUNTRY OUTSIDE THE EEA OR HK

13.1 The Group may transfer any personal data the Fund holds to a country outside the European Economic Area (EEA) or Hong Kong, provided that the Group has informed data subjects of the transfer, the safeguards in place and the means by which to obtain a copy of them, and one of the following conditions applies:

13.1.1 The non-EEA country to which the personal data are transferred ensures an adequate level of protection for the data subjects’ rights and freedoms. The European Commission deems the following countries to have an adequate level of data protection: Switzerland, Guernsey, Argentina, Isle of Man, Faroe Islands, Jersey, Andorra, Israel, New Zealand and Uruguay. The US is deemed as providing an adequate level of protection where the US recipient of the data is Privacy Shield certified;
13.1.2 Adequate safeguards are in place, such as the Model clauses; Binding Corporate Rules (BCRs); an approved code of conduct or approved certification mechanism with binding and enforceable commitments of the controller or processor in the third country to apply the appropriate safeguards, including as regards data subjects’ rights;
13.1.3 The transfer is lawful pursuant to one of the derogations in the GDPR, including the data subject has given their explicit consent; the transfer is necessary for the performance of a contract; for public interest reasons; authorised by law; necessary for the defence of legal claims, or to protect the vital interests of the data subject; or
13.1.4 Where none of the above safeguards or derogations apply, a transfer to a non-EEA country may take place if the transfer is not repetitive, concerns only a limited number of data subjects, and is necessary for the legitimate interest of the controller which are not overridden by the rights of data subjects. The controller must inform the Data Protection Commissioner and the data subject of such a transfer, and the legitimate interests pursued.

14 CHANGES TO THIS POLICY
The Group reserves the right to change this policy at any time. Where appropriate, the Group will notify Data Users and/or data subjects of those changes by mail or email.

 

SCHEDULE 1 DATA PROCESSING ACTIVITIES

 

Type of personal dataCategories  of data subjectType of processingPurpose of processingCategories of recipient to whom personal data is transferredDetails of any transfers to third countriesDetails of security measures in placeRetention period
Name address contact details, tax number and bank details, details of investment,  documentation to verify identity and address and bank detailsInvestor (including officers and signatories of institutional investors) Obtaining, reviewing, verifying, storing, running Worldcheck, adverse news checks. Keeping records updatedComplying with legal obligations under AML/ CTF/ sanctions regimes, and to prevent fraud, bribery, corruption, tax evasionTransfer agent/ Administrator/ Depositary/ Distributor  A minimum period of 7 years after investor ceases to be an investor
Name address contact details, number. Information on experience, qualifications. employment history and any issuesOfficer of the FundObtaining, reviewing, verifying, storing, running searches, adverse news checks. Keeping records updatedComplying with legal obligations under the Central Bank of Ireland Fitness & Probity regime. The Board of the Fund and the Central Bank of Ireland  A minimum period of  7 years after the termination of the office.
Name address, tax numberInvestor Obtaining, reviewing, verifying, storing, submitting reports, keeping records updatedComplying FATCA/ CRS/ Tax reporting lawTax authorities  A minimum period of 7 years after the termination of the investment
Name address contact details, Information on experience, qualifications, employment historyOfficer/ Designated Person of the FundObtaining, reviewing, storing, submitting keeping up to dateUCITS Central Bank obligations under UCITS regimeCentral Bank of Ireland  A minimum period of  7 years after the termination of the office
Name address contact details, details of investmentBeneficial owner or Board member [Beneficial Ownership obligations yet to be clarified]    
Name address (and other directorships for directors)Investors and officersObtaining, reviewing, storing, submitting keeping up to dateComplying with legal obligations under Company/ ICAV / Investment Trust  lawCompanies Registration Office  A minimum period of 7 years after the termination of the office- if CA 2014 permits deletion
Name address contact details, tax number. AddressOfficers Obtaining, reviewing, storing, submitting keeping up to dateTo facilitate payment of fees and expenses and tax and social welfare thereonBank, Depositary  A minimum period of 7 years after the termination of the office
Name address, bank details Investors Obtaining, reviewing, storing, submitting keeping up to dateTo facilitate payment of distributions (dividends and redemptions)Bank, Depositary  A minimum period of 7 years after the termination of the investment
Name, work address and contact detailsContract of counterpartiesObtaining, reviewing, storing, submitting keeping up to dateThe facility operators of the relevant agreements/ trades with the counterparty and otherwise in accordance with such agreements/

trades

Investment manager, Administrator Depositary  A minimum period of 7 years after the termination of the investment

 

 

 

( 14-04-2023 15-04-2024)


Fund Research
Investment Case Download
Fund Information
Exchange Hong Kong Stock Exchange - Main Board
Ticker 3030
Date of Listing / Dealing 25/07/2022
Net Assets (HKD) HKD 81,710,366.25
Share Outstanding 10,800,000.00
Management Fee (All in)^ 0.99%
Ongoing Charges over a Year (#) Estimated to be 1.49%

^ Include custodian fee, registrar fee and administration fee. Please note that some fees may be increased up to a permitted maximum amount by providing one month's prior notice to Shareholders. Please refer to the section headed "Fees and Expenses" in Part 1 of the Prospectus for details.

# As the Fund is newly set up, this figure is a best estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average NAV over the same period. It may be different upon actual operation of the Fund and may vary from year to year.

NAV per Share (as of 15-04-2024)
Official NAV Daily Change Daily Change (%)
HKD 7.5658 -HKD 0.1033 -1.37%

The last NAV per Share in HKD is indicative and for reference purpose only.

Daily change of the NAV per Share in HKD indicates change of NAV per Share since previous SEHK trading day. (Source: Solactive AG)

Intra-day Estimated NAV per Share
Date/Time (HKD)
16-04-2024 16:00:00 7.4691

The near real time indicative NAV per Share in HKD (updated every 15 seconds during SEHK trading hours) is indicative and for reference purposes only. (Source: Solactive AG)

Graph for Fund Performance & Tracking Difference (From 14-04-2023 To 15-04-2024)

ETF's performance is calculated on an NAV to NAV basis and assumes re-investment of distributions.

Fund Performance as of 15-04-2024
Cumulative (%) Avg Annualized (%)
1 Mo. 3 Mo. YTD Since Inception 1 year 3 year 5 year Since Inception
Fund NAV +0.1% +2.2% +0.5% -2.1% - - - -
EMQQ Index (Total Return) 0.0% +2.2% +0.6% +0.3% - - - -

Source: Sensible Asset Management Hong Kong.

Performance in HKD, calculated on NAV to NAV basis with dividend reinvestment, taking into account ongoing charges and excluding trading costs on SEHK.

Holdings as of 15-04-2024
COMPANY NAME TICKER INDUSTRY NO. OF SHARES % OF NET ASSET VALUES
Reliance Industries LtdRIGD LIEnergy14500.009.82%
Alibaba Group Holding Ltd9988 HKConsumer Discretionary88668.007.64%
Meituan3690 HKConsumer Discretionary59157.007.36%
Tencent Holdings Ltd700 HKCommunication Services19737.007.35%
MercadoLibre IncMELI USConsumer Discretionary465.006.31%
PDD Holdings inc ADRPDD USConsumer Discretionary5589.006.12%
NetEase Inc9999 HKCommunication Services19980.003.56%
Naspers LtdNPN SJConsumer Discretionary2025.003.35%
JD.com Inc9618 HKConsumer Discretionary26784.003.32%
Trip.com Group Ltd9961 HKConsumer Discretionary6453.003.10%
Baidu Inc9888 HKCommunication Services25407.003.01%
Sea Ltd ADRSE USCommunication Services5805.002.93%
NU Holdings Ltd/Cayman IslandsNU USFinancials26946.002.83%
Coupang IncCPNG USConsumer Discretionary13500.002.80%
Bajaj Finance LtdBAF INFinancials3240.002.63%
NAVER Corp035420 KSCommunication Services1566.001.98%
Kuaishou Technology1024 HKCommunication Services28269.001.69%
Jio Financial Services LtdJIOFIN INFinancials37125.001.51%
CashCashOthers0.001.43%
CLSA Global Markets Pte Ltd (Zomato Ltd) P-note 7/5/2030CLZOMATO INConsumer Discretionary61830.001.34%
Kakao Corp035720 KSCommunication Services3294.001.09%
KE Holdings Inc2423 HKReal Estate23976.001.05%
XP IncXP USFinancials4104.000.89%
Tencent Music Entertainment Group ADRTME USCommunication Services7128.000.77%
Full Truck Alliance Co Ltd ADRYMM USIndustrials9855.000.73%
Grab Holdings LtdGRAB USIndustrials22356.000.71%
Nexon Co Ltd3659 JPCommunication Services4644.000.70%
Delivery Hero SEDHER GRConsumer Discretionary2160.000.67%
Kanzhun Ltd ADRBZ USCommunication Services3699.000.65%
Vipshop Holdings Ltd ADRVIPS USConsumer Discretionary3942.000.61%
CLSA Global Markets Pte Ltd (Info Edge India Ltd) P-note 3/30/2030CLINFOE INCommunication Services837.000.56%
Futu Holdings Ltd ADRFUTU USFinancials1026.000.56%
Kaspi.KZ JSCKSPI USFinancials459.000.49%
Allegro.eu SAALE PWConsumer Discretionary6048.000.44%
StoneCo LtdSTNE USFinancials2862.000.43%
GoTo Gojek Tokopedia Tbk PTGOTO IJConsumer Discretionary9660600.000.40%
CLSA Global Markets Pte Ltd (PB Fintech Ltd) P-note 7/5/2030CLPOLICYBZ INFinancials2754.000.39%
MakeMyTrip LtdMMYT USConsumer Discretionary621.000.39%
Tongcheng Travel Holdings Ltd780 HKConsumer Discretionary13419.000.37%
JD Health International Inc6618 HKConsumer Staples11448.000.34%
Kingsoft Corp Ltd3888 HKCommunication Services10584.000.33%
Kingdee International Software Group Co Ltd268 HKInformation Technology31185.000.32%
Bilibili Inc9626 HKCommunication Services2835.000.32%
KakaoBank Corp323410 KSFinancials1782.000.31%
Freshworks IncFRSH USInformation Technology1890.000.31%
Pagseguro Digital LtdPAGS USFinancials2376.000.28%
Qifu Technology Inc ADRQFIN USFinancials1620.000.28%
CLSA Global Markets Pte Ltd (FSN E-Commerce Ventures Ltd) P-note 7/5/2030CLNYKAA INConsumer Discretionary12474.000.25%
Lufax Holding Ltd ADRLU USFinancials5960.000.23%
NCSoft Corp036570 KSCommunication Services189.000.22%
Jubilant Foodworks LtdJUBI INConsumer Discretionary4293.000.22%
iQIYI Inc ADRIQ USCommunication Services5238.000.21%
MultiChoice GroupMCG SJCommunication Services3591.000.21%
CD Projekt SACDR PWCommunication Services729.000.20%
Alibaba Health Information Technology Ltd241 HKConsumer Staples52785.000.18%
Inter & Co IncINBR32 BZFinancials3240.000.16%
China Literature Ltd772 HKCommunication Services4374.000.14%
CLSA Global Markets Pte Ltd (Indian Energy Exchange Ltd) P-note 7/5/2030CLIEX INFinancials8505.000.14%
China Ruyi Holdings Ltd136 HKCommunication Services59346.000.13%
Dlocal Ltd/UruguayDLO USFinancials864.000.13%
ZhongAn Online P&C Insurance Co Ltd H SHARES6060 HKFinancials7857.000.12%
CLSA Global Markets Pte Ltd (Angel One Ltd) P-note 1/6/2030CLANGELONE INFinancials378.000.12%
CLSA Global Markets Pte Ltd (One 97 Communications Ltd) P-note 7/5/2030CLPAYTM INFinancials2781.000.12%
CCC SACCC PWConsumer Discretionary567.000.11%
Meitu Inc1357 HKCommunication Services25272.000.10%
Magazine Luiza SAMGLU3 BZConsumer Discretionary34142.000.10%
Bank Jago Tbk PTARTO IJFinancials59400.000.09%
CLSA Global Markets Pte Ltd (Intellect Design Arena Ltd) P-note 5/2/2030CLINDA INInformation Technology810.000.10%
CLSA Global Markets Pte Ltd (IndiaMart InterMesh Ltd) P-note 5/5/2030CLINMART INIndustrials297.000.09%
momo.com Inc8454 TTConsumer Discretionary712.000.08%
CLSA Global Markets Pte Ltd (ICICI Securities Ltd) P-note 5/30/2030CLISEC INFinancials918.000.08%
CLSA Global Markets Pte Ltd (Tanla Platforms Ltd) P-note 3/20/2030CLTANLA INInformation Technology729.000.08%
FinVolution Group ADRFINV USFinancials1728.000.08%
Hello Group Inc ADRMOMO USCommunication Services1539.000.08%
Ping An Healthcare and Technology Co Ltd1833 HKConsumer Staples5832.000.07%
CLSA Global Markets Pte Ltd (Affle India Ltd) P-note 2/5/2030CLAFFLE INCommunication Services567.000.07%
Kingsoft Cloud Holdings Ltd ADRKC USInformation Technology2646.000.07%
CJ ENM Co Ltd035760 KSCommunication Services108.000.06%
AfreecaTV Co Ltd067160 KSCommunication Services81.000.06%
Kakao Games Corp293490 KSCommunication Services405.000.06%
Kakaopay Corp377300 KSFinancials270.000.06%
Zx Inc9890 HKCommunication Services1971.000.06%
CLSA Global Markets Pte Ltd (Happiest Minds Technologies Ltd) P-note 2/5/2030CLHAPPSTMN INInformation Technology648.000.06%
Despegar.com CorpDESP USConsumer Discretionary567.000.06%
GRUPO DE MODA SOMA SASOMA3 BZConsumer Discretionary5643.000.06%
Alibaba Pictures Group Ltd1060 HKCommunication Services101034.000.05%
Maoyan Entertainment1896 HKCommunication Services3888.000.05%
XD Inc2400 HKCommunication Services2970.000.05%
Gamania Digital Entertainment Co Ltd6180 TTCommunication Services2160.000.05%
Bukalapak.com PT TbkBUKA IJConsumer Discretionary610200.000.05%
CLSA Global Markets Pte Ltd (Route Mobile Ltd) P-note 5/1/2030CLROUTE INInformation Technology297.000.05%
Dada Nexus Ltd ADRDADA USConsumer Staples2592.000.05%
Jumia Technologies AG ADRJMIA USConsumer Discretionary1161.000.05%
CE Info Systems LtdMAPMYIND INInformation Technology243.000.05%
TeamLease Services LtdTEAM INIndustrials135.000.05%
Up Fintech Holding Ltd ADRTIGR USFinancials1782.000.05%
Truecaller ABTRUEB SSInformation Technology1998.000.05%
Yalla Group Ltd ADRYALA USCommunication Services999.000.05%
Weimob Inc2013 HKInformation Technology24408.000.04%
Afya LtdAFYA USConsumer Discretionary270.000.04%
HUYA Inc ADRHUYA USCommunication Services918.000.04%
Locaweb Servicos de Internet SALWSA3 BZInformation Technology3915.000.04%
VTEXVTEX USCommunication Services567.000.04%
iDreamSky Technology Holdings Ltd1119 HKCommunication Services9936.000.03%
CLSA Global Markets Pte Ltd (Easy Trip Planners Ltd) P-note 12/31/2030CLEASEMYTR INConsumer Discretionary6750.000.03%
CLSA Global Markets Pte Ltd (Nazara Technologies Ltd) P-note 3/6/2033CLNAZARA INCommunication Services459.000.03%
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SAVLID3 BZIndustrials891.000.03%
Com2uSCorp078340 KSCommunication Services81.000.02%
Neowiz095660 KSCommunication Services135.000.02%
Yidu Tech Inc2158 HKHealth Care5670.000.02%
CVC Brasil Operadora e Agencia de Viagens SACVCB3 BZConsumer Discretionary4887.000.02%
Pet Center Comercio e Participacoes SAPETZ3 BZConsumer Discretionary3537.000.02%
Vnet Group Inc ADRVNET USInformation Technology1350.000.02%

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.

In accordance with the Prospectus of Value Partners ETF Series OFC, the Manager may in consultation with the Custodian, having regard to relevant circumstances, adjust the value of any investment of the Fund so as to reflect the fair value of the investment.

Total allocation percentages shown in All Holdings table may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and hence may not be included in the table of holdings shown.

Tracking Error (as of 31-03-2024)

Tracking error ("TE") measures how consistently the Fund follows the Underlying Index. It is the volatility (measured by standard deviation) of that return difference.
Fund Listing Date: 25 July 2022
Rolling 1 Year TE^ :1.36%
^ Annualized based on the number of dealing days in the past year when daily TD is calculated.

Tracking Difference (as of 31-03-2024)

Tracking difference ("TD") is the return difference between the Fund and the Underlying Index over a certain period of time.
Fund Listing Date: 25 July 2022
Rolling 1-Year TD: -1.1%

Distributions

Ex Date Record Date Pay Date Dividend Paid Out of Net Distributable Income for the month Dividend Paid Out of Capital
         

The Manager may, at its discretion, pay distributions out of capital. The Manager may also, at its discretion, pay distributions out of gross income while all or part of the fees and expenses of the Fund are charged to/paid out of the capital of the Fund, resulting in an increase in distributable income for the payment of distributions by the Fund and therefore, the Fund may effectively pay distributions out of capital.

Investors should note that payments of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment out of or effectively out of the Fund’s capital may result in an immediate reduction in the Net Asset Value per Share and will reduce any capital appreciation for the Shareholders.

“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The data in “dividend paid out of net distributable income” and “dividend paid of out of capital” are just for reference only. Please kindly refer to the official dividends information in the dividend per share column.

Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. There is no guarantee of distribution. Investors should read the relevant offering document (including the key facts statement) of the Fund for further details including the risk factors.

Participating Dealers
BNP Paribas Securities Services
Mirae Asset Securities (HK) Limited
Citigroup Global Markets Asia Limited
The Hongkong and Shanghai Banking Corporation Limited
Haitong International Securities Company Limited

Additional Participating Dealer(s) will be appointed from time to time.

Market Makers

Additional Market Maker(s) will be appointed from time to time. For the latest list of market makers, please visit HKEX website.

Financial Reports
Subject  
2023 Semi-Annual Report
2022 Annual Report
Notices & Announcements
Subject Date  
Monthly Return for the month ended 31-03-2024 05-04-2024
Monthly Return for the month ended 29-02-2024 06-03-2024
Monthly Return for the month ended 31-01-2024 08-02-2024
Monthly Return for the month ended 31-12-2023 04-01-2024
Monthly Return for the month ended 30-11-2023 04-12-2023
Monthly Return for the month ended 31-10-2023 02-11-2023
Monthly Return for the month ended 30-09-2023 04-10-2023
Monthly Return for the month ended 31-08-2023 05-09-2023
Notice to Shareholders - Unaudited Semi-Annual Report as at 30 June 2023 29-08-2023
Monthly Return for the month ended 31-07-2023 02-08-2023
Monthly Return for the month ended 30-06-2023 04-07-2023
Monthly Return for the month ended 31-05-2023 02-06-2023
Monthly Return for the month ended 30-04-2023 03-05-2023
Notice to Shareholders 28-04-2023
Monthly Return for the month ended 31-03-2023 06-04-2023
Monthly Return for the month ended 28-02-2023 03-03-2023
Monthly Return for the month ended 31-01-2023 02-02-2023
Monthly Return for the month ended 31-12-2022 06-01-2023
Monthly Return for the month ended 30-11-2022 05-12-2022
Monthly Return for the month ended 31-10-2022 03-11-2022
Monthly Return for the month ended 30-09-2022 07-10-2022
Monthly Return for the month ended 31-08-2022 06-09-2022
Monthly Return for the month ended 31-07-2022 04-08-2022
Indicative Net Asset Value of the Sub-Fund 22-07-2022

VPEMQQ Investment Strategy

VPEMQQ is designed to provide investors with exposure to the internet and ecommerce sectors of the developing world. Many investors believe that the growth of consumption in emerging markets represents a significant growth opportunity as more than one billion people are expected to enter the consumer class in the coming decades. Increasingly, these consumers are using smartphones and broadband mobile connections to access the internet, VPEMQQ holds over 90 companies operating in Emerging and Frontier Markets including China, India, Brazil, South Korea, Taiwan, South Africa, Mexico, Argentina, Malaysia, Thailand, Indonesia, Vietnam, Philippines, Turkey, Czech Republic, Poland and Colombia, Singapore, Netherlands, Germany, Cyprus, Japan, Kazakhstan, United Arab Emirates.

 

Disclosures

 

Index Provider Disclaimer

The Index is the exclusive property of EMQQ Global LLC. (the “Index Provider”). EMQQ The Emerging Markets Internet & Ecommerce Index™ is a service mark of the Index Provider and has been licensed for use for certain purposes by the Manager. Shares of the Fund referred to herein are not sponsored, endorsed, or promoted by the Index Provider, and the Index Provider bears no liability with respect to any such Shares. No purchaser, seller or Shareholder of the Fund, or any other person or entity, should use or refer to any Index Provider trade name, trademark or service mark to sponsor, endorse, market or promote the Fund without first contacting the Index Provider to determine whether the Index Provider’s permission is required. Under no circumstances may any person or entity claim any affiliation with the Index Provider without the prior written permission of the Index Provider.

 

Index Calculation Agent Disclaimer

The Company and the Fund are not sponsored, endorsed, promoted or sold by Solactive AG (the “Index Calculation Agent”) in any way and the Index Calculation Agent makes no express or implied representation, guarantee or assurance with regard to the indicative Net Asset Value per Share, the Company or the Fund.

 

Data Provider Disclaimer

The near real time indicative Net Asset Value per Share (in each trading currency of the relevant Fund) referred to above is indicative and for reference only. This is updated every 15 seconds during SEHK trading hours and is calculated by Solactive AG, or other third-party data vendors. Real time updates about the relevant Index can be obtained through other financial data vendors. It is your own responsibility to obtain additional and the latest updated information about the Index (including without limitation, a description of the way in which the Index is calculated, any change in the composition of the Index, any change in the method for compiling and calculating the Index) via the Company’s website and the relevant Index Provider’s website (neither of which, nor any other website referred to in this Prospectus, has been reviewed by the SFC). Please refer to the section on “Website Information” below for the warning and the disclaimer regarding information contained in such website.

 

Website Information

This website is owned and managed by Sensible Asset Management Hong Kong Limited (“SAMHK”). SAMHK reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.

The performance figures contained on this website are for informational purposes only. Investors should note investment involves risk. The net asset value per share 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 risk of emerging markets and the arrangement in the event that the Fund is delisted. The Fund's prospectus is available and may be obtained from website. Investors should also note that the Fund is different from a typical retail investment fund. Shares in the Fund may only be created or redeemed directly by a participating dealer in large share sizes.

This website has been prepared by SAMHK and has not been reviewed by the Securities and Futures Commission.

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