| Fund Characteristics |
| Name of Fund |
Hang Seng Index ETF (HSIETF) |
| Fund Type |
Exchange Traded Fund (ETF) |
| Underlying Index |
Hang Seng Index |
| Stock Code |
0081 |
| Denomination |
NT Dollar |
| Website |
http://www.assetmanagement.hsbc.com.tw/etf/etfh_commerce.asp |
| Issuer/Manager |
Hang Seng Investment Management Limited |
| Trustee |
American International Assurance Company (Trustee) Limited |
| Investment objective |
Hang Seng Index ETF is an index-tracking fund that seeks to provide investment returns for investors that match the performance of the hang Seng Index as closely as practicable. |
| Issue of Units |
Scripless, units held in the Depository and not available for withdrawal in physical form |
| Depository |
Taiwan Depository & Clearing Corporation |
| Net Asset Value (NAV) |
The latest Net asset value will be released on “Market Observation Post System” |
| Current Management Fee |
0.05% |
| Current Trustee Fee |
0.05% |
| Trading in the Secondary Market |
| Buy/sell |
Through any licensed securities broker |
| Account Opening |
Need to open a securities trading account with a brokerage house |
| Commission |
Same as for ordinary stocks – varies by broker but no higher than 0.1425% of the consideration |
| Board lot |
100 units |
| Trading time |
Trading hours of the Taiwan stock Exchange: 9:00 – 13:30 |
| Tax |
0.1% levied on the sale of the units, lower than 0.3% levied on the sale of stocks |
| Tick |
NTD 0.01 if the price of the unit is below NTD 50 NTD 0.05 if the price of the unit is above NTD 50 |
| Limit up and down |
No limitation |
| TWSE Information Disclosure |
•Estimated NAV per unit in HKD on Reuters and Bloomberg (Reuters Quote 7302，Bloomberg HIRUPV Index <GO>)
•Trading prices and the 5 best bid/ask prices and volumes
|
| Margin Trading |
•Available on listing
•Short selling under margin trading is exempted from the up-tick rule
(which requires short sales to take place at no lower than the previous day's closing price)
•Investors should check with his/her broker to see if there is any quota available before executing short-selling
|
| Creation and Redemption in the Primary Market |
| Creation and redemption |
Cash Creation/Redemption in Taiwan Market |
| Order input time |
9:00 – 12:00 on each dealing day |
| Creation Unit/Redemption Unit |
50,000 units |
| Placement of creation and redemption orders |
Must be through participating dealers |
| Issue Price/Redemption Price |
NAV per unit on the day of creation or redemption |
| Creation and redemption fee |
Varies by participating dealers but subject to the limit
•Creation fee cannot exceed 2% of the creation consideration
•Redemption fee cannot exceed 2% of the redemption consideration
|
