- Each sub-fund (the "Sub-Fund") launched under the umbrella fund, World Index Shares ETFs (the "Fund") seeks to track the performance of its underlying index.
- The Sub-Funds are different from typical retail investment funds offered to the public in Hong Kong, in particular:
a. Units may only be created and redeemed in Application Unit size ^ (as defined in the relevant Prospectus) directly by Participating Dealer(s) or Eligible Investor(s) (if applicable); and
b. There is risk related to divergence between the market price of the Units and the Net Asset Value of the relevant Sub-Fund. The market price of the Units traded on the Stock Exchange of Hong Kong Limited ("SEHK") is determined not only by the Net Asset Value of the relevant Sub-Fund but also by other factors such as the supply of and demand for the Units in the SEHK. The Units in the Sub-Funds may trade at discount or premium to the Net Asset Value of the Units. - Investment in emerging markets / the PRC market, may involve special risks and considerations, such as, political, tax, economic, foreign exchange, liquidity and regulatory risks. These factors may have an adverse impact on the performances of the Sub-Funds.
- The Manager will normally make distributions out of net income received or receivable by the Sub-Funds. However, in the event that the net income is insufficient to pay the distributions that it declares, the Manager may also, in its absolute discretion, determine that distributions be paid out of the capital of the Sub-Funds, or the Manager may, in its discretion, pay distributions out of its gross income while charging / paying all or part of its fees and expenses to / out of the capital of the Sub-Funds, resulting in an increase in distributable income for the payment of distributions by the Sub-Funds and therefore, the Sub-Funds may effectively pay distributions out of capital. This may reduce the capital that the Sub-Funds has available for investment in future and may constrain capital growth.
- Investors should be aware that in circumstances where distributions are paid out of capital or effectively out of capital, this amounts to a return or withdrawal of part of the amount investors originally invested or from any capital gains attributable to that original investment. Any distributions involving payment of distributions out of capital or payment of distributions effectively out of capital (as the case may be) may result in an immediate decrease in the Net Asset Value per Unit.
- Investment involves risks and the Sub-Funds may not be suitable for everyone. Investors should carefully read the relevant Prospectus of the Sub-Funds for further details including product features and risk factors, and should consider their own investment objectives and other circumstances before investing in the Sub-Funds.
^ The Application Unit Size for W.I.S.E. - CSI HK 100 TrackerTM is 500,000 Units (or multiples thereof), the Application Unit Size for both W.I.S.E. - CSI 300 China Tracker® and W.I.S.E. - SSE 50 China Tracker® is 200,000 Units (or multiples thereof), and the Application Unit Size for W.I.S.E. – Nasdaq China New Economy Companies ESG Index Tracker (formerly known as "W.I.S.E. – Nasdaq Overseas China New Economy Companies Top 50 Index Tracker") is 780,000 Units (or multiples thereof). Investors may buy or sell Units of the Sub-Funds through an intermediary such as a stockbroker on the SEHK. The Trading Board Lot Size for W.I.S.E. - CSI HK 100 TrackerTM and W.I.S.E. - CSI 300 China Tracker® is 200 Units, and the Trading Board Lot Size for W.I.S.E. - SSE 50 China Tracker® and W.I.S.E. – Nasdaq China New Economy Companies ESG Index Tracker is 100 Units.
