Hedgeweek this week attended the launch of the Value Gold ETF (3081 HK) at the Hong Kong Stock Exchange.
Hedgeweek this week attended the launch of the Value Gold ETF (3081 HK) at the Hong Kong Stock Exchange. This is the world’s first physical ETF where the underlying gold bullion, on which the fund is based, is actually held in reserve in Hong Kong as opposed to places like Zurich. It is the second ETF to be launched by Sensible Asset Management Hong Kong, a joint venture between Hong Kong-based hedge fund manager, Value Partners Group, and China-based insurance group, Ping An, a partnership that was created to bring ETFs to the retail and institutional investor community. Their inaugural Value China ETF (3046 HK) was launched last November. This latest innovative ETF to join the HKEx gives investors a quick and accessible way to invest into gold bullion. The gold itself is provided solely by Standard Bank Plc. It will be stored at the Hong Kong International Airport Precious Metals Depository. A Total Expense Ratio of 0.35 per cent applies to the fund. Investors can track its price and NAV daily on the Value Gold ETF website.