Disclaimer - Lion Global Investors Limited
The IntraDay NAV (iNAV) shown is provided by SGX. The iNAV is indicative and for reference purposes only. It may differ from the actual NAV calculated in accordance with the Trust Deed and should not be viewed as the actual NAV. Please refer to the actual NAV on our website.
*Indicative NAV per unit in S$ and US$ are for reference only and based on exchange rates of HKD to SGD and USD quoted by Reuters at 3:00 p.m. (Hong Kong time) as of the same Dealing Day.
Launched on 27 July 2020, the Hang Seng TECH Index tracks the 30 largest TECH-themed companies listed in Hong Kong. These companies have high business exposure to selected tech themes including Cloud, Digital, E-Commerce, FinTech, Internet and Autonomous. The index is reviewed quarterly and has an IPO fast entry rule which allows for the direct inclusion of a newly listed company if it meets certain criteria. The weighting of each stock in the Index is capped at 8%. This new flagship Index addresses the growing demand from investors for high quality TECH-themed companies and reflects the rising importance of the tech sector in the Hong Kong Stock Exchange.
The investment objective of the Fund is to replicate as closely as possible, before expenses, the performance of the Hang Seng TECH Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities. The Index is compiled and calculated by Hang Seng Indexes Company Limited and is designed to represent the 30 largest technology companies listed in Hong Kong which have high business exposure to technology themes.
| As of | |
| Fund Listing Date | 10 December 2020 |
| Tracking Difference | Rolling 1 Year Annualised: |
| Tracking Error | Rolling 1 Year Annualised: |
| Index | Hang Seng TECH Index |
| Index Provider | Hang Seng Indexes Company Limited |
| Base Currency | Hong Kong dollars (HK$) |
| Trading Currency | Singapore dollars (S$), United States dollars (US$) |
| SGX Code | HST (S$ counter), HSS (US$ counter) |
| Bloomberg Ticker | HST.SP (S$ counter) & HSS.SP (US$ counter) |
| Issue Price | HK$7.75 |
| Trading Board Lot Size | 1 unit |
| Management Fee | 0.45% per annum |
| Expense Ratio | Capped at 0.68% per annum for 2 years from the inception of the Fund |
| Dividend Distribution | Currently no intention to distribute |
| Designated Market Maker | Flow Traders Asia Pte Ltd, Phillip Securities Pte Ltd |
| Participating Dealers | OCBC Securities Pte Ltd, DBS Vickers (Singapore) Pte Ltd, UOB Kay Hian Private Limited, Phillip Securities Pte Ltd, iFast Financial Pte Ltd, Flow Traders Asia Pte Ltd |
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. It is for information only and is not a recommendation, offer or solicitation to deal in any capital markets products or investments and does not have regard to your specific investment objectives, financial situation or particular needs. You should read the prospectus and Product Highlights Sheet for the Lion-OCBC Securities Hang Seng TECH ETF (“ETF”), which is available and may be obtained from Lion Global Investors Limited or any of the appointed Participating Dealers (“PDs”), before deciding whether to purchase units in the ETF. Investments are subject to investment risks including the possible loss of the principal amount invested. The performance of the ETF, the value of its units and any accruing income are not guaranteed and may rise or fall. Past performance, payout yields and payments and any prediction, projection, or forecast are not indicative of the future performance, payout yields and payments of the ETF. The ETF’s net asset value may have higher volatility as a result of its narrower investment focus on a limited geographical market, when compared to funds investing in global or wider regional markets. You should independently assess any information, opinion or estimates, graphs, charts, formulae or devices provided and seek professional advice on them. Any information, opinions, estimates, graphs, charts, formulae or devices provided are subject to change without notice and are not to be relied on as advice. The ETF may invest in financial derivative instruments for hedging or for efficient portfolio management. The units of the ETF are listed and traded on the Singapore Stock Exchange (“SGX”), and may be traded at prices different from its net asset value, suspended from trading, or delisted. Such listing does not guarantee a liquid market for the units. You cannot purchase or redeem units in the ETF directly with the managers of the ETF, but you may, subject to specific conditions, do so on the SGX or through the PDs. Any dividend distributions, which may be either out of income and/or capital, are not guaranteed and subject to the Manager’s discretion. Any such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value of the ETF.
©Lion Global Investors Limited. All rights reserved. LGI is a Singapore incorporated company and is not related to any corporation or trading entity that is domiciled in Europe or the United States (other than entities owned by its holding companies). Manager: Lion Global Investors Limited (Co. Reg. No. 198601745D)
The Hang Seng TECH Index (the “Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark and name Hang Seng TECH Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index(es) by Lion Global Investors in connection with Lion-OCBC Securities Hang Seng TECH ETF (the “Product”), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF ANY OF THE INDEX(ES) AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX(ES) IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of any of the Index(es) and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO ANY OF THE INDEX(ES) BY LION GLOBAL INVESTORS IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX(ES); OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX(ES) WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.