PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE AND ANY PAGES THEREOF (THE "SITE"), YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS LISTED BELOW. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.
The Site is owned and operated by State Street Global Advisors Asia Limited ("SSgA Asia"). SSgA Asia is a part of State Street Global Advisors ("SSgA"), the investment management arm of State Street Corporation.
Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSgA offers a number of products and services designed specifically for various categories of investors. Not all products will be available to or suitable for all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.
This Site, and the products and services described on this Site, are intended to be made available only to residents in the Hong Kong Special Administrative Region, and the information on this Site is only for such persons. Nothing on this Site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Information contained in the Site is checked and updated by SSgA Asia with due diligence on a regular basis. However, data on the Site may become outdated. In addition, due to the risk that the Internet may be subject to interruption, transmission blackout, delayed transmission due to internet traffic, or incorrect data transmission due to public nature of the internet, the information contained in the Site may be incomplete, altered or tampered with, and may not present complete and accurate information. Therefore, neither SSgA Asia nor any of its affiliates guarantee for the timeliness, accuracy and completeness of the information provided. SSgA Asia uses reasonable efforts to obtain information from sources which it believes to be reliable; however, SSgA Asia and its affiliates make no representation that the information or opinions contained on the Site is accurate, reliable or complete. In particular, any information sourced from third parties is not provided or endorsed by SSgA Asia and SSgA Asia has not checked the accuracy or completeness of, and accepts no liability for, such third party information.
The information on the Site is provided for informational purposes only and is subject to change without notice. The investments and strategies discussed in the contents may not be suitable for all investors and are not obligations of, or guaranteed by, SSgA Asia or its affiliates. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. In particular, the information on this Site does not take into account your investment objectives, financial situation or particular needs. Before making an investment decision you should consider with the assistance of your professional securities adviser whether the information on this Site is appropriate in light of your particular investment needs, objectives and financial circumstances.
THE INFORMATION ON THE SITE IS PROVIDED "AS IS". NEITHER SSGA ASIA NOR ITS AFFILIATES WARRANTS THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EACH EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
Historical performance is not necessarily indicative of future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. The semi-annual distributions are dependent on TraHK’s performance and are not guaranteed.
Applications to create or redeem interests in any exchange traded fund referred to on this Site ("Units/Shares") may only be effected through participating dealers, and are generally only issued or redeemed in large blocks. Investors may request participating dealers to apply on their behalf for the creation and/or redemption of Units/Shares. Once listed, investors can also acquire or dispose of Units/Shares on the exchange on which such Units/Shares are listed like other publicly traded shares. However, listing does not guarantee a liquid market for Units/Shares. Units/Shares are traded on the relevant exchange at market price, which may be different from the net asset value per Unit/Share, and may be delisted.
Please read carefully the relevant prospectus including the risk factors before making any investment decision.
SSgA Asia and its affiliates may have an interest in the securities, derivatives and other financial products referred to in, or accessible through, this Site and may trade for their own account as principal or earn fees, commission or other income in respect of transactions related thereto.
Except to the extent to which any law prohibits such exclusion, SSgA Asia and its affiliates exclude all liability for loss or damage of any kind (including direct, special, indirect and consequential loss and damage of business revenue, loss of profits, loss or corruption of data, failure to realise expected profits or savings or other commercial or economic loss of any kind), however caused, in contract, tort, under any statute or otherwise (including negligence) arising out of or in any way related to this Site. In no event, including negligence, will SSgA Asia or its affiliates be liable for any loss or damage of any kind, including any direct, special, indirect or consequential loss or damage arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Site.
As a condition of your use of the Site, you agree to indemnify and hold SSgA Asia and its affiliates harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of the Site, or from your violation of these Terms.
Should the viewer leave the Site via a link contained in the Site, the viewer does so at its own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by SSgA Asia, and SSgA Asia will not accept any responsibility whatsoever for the content of such sites or any losses related thereto.
"State Street Global Advisors," and "SSgA" are trademarks of State Street Corporation. Copyright, trademark and other forms of proprietary rights protect the contents at the Site. From time to time, the trademarks of other unaffiliated entities may be referred to on the Site and their respective owners own these trademarks. Trademark owners are not responsible for and have not reviewed this Site and no representation or warranty, express or implied, as to its accuracy, or completeness of the materials presented on it.
Please read carefully the "Personal Information Collection Statement" of SSgA Asia. Please contact SSgA Asia for further information on how SSgA Asia handles personal data, what information is collected and how it is used and your rights in respect of any of your personal data collected by SSgA on this Site.
SSgA Asia reserves the right to change, modify, add, or delete, any content and the terms and conditions in this Disclaimer without notice. Users are advised to periodically review the contents of this Site to be familiar with any modifications.
In the event of any inconsistency between the Chinese translation of these terms and conditions and the English version of these terms and conditions, the English version of these terms and conditions shall prevail.
By accessing this Site you agree that the laws of the Hong Kong Special Administrative Region governs such access and the use of this Site and you agree to submit to the non-exclusive jurisdiction of the courts of the Hong Kong Special Administrative Region. You waive any right to object to an action being brought in those courts including, without limitation, by claiming that the action has been brought in an inconvenient forum or that those courts do not have jurisdiction.
The Stock Exchange of Hong Kong (the Stock Exchange), Hong Kong Securities Clearing Company Limited (Hong Kong Clearing) and the Securities and Futures Commission (the SFC) take no responsibility for the contents of this Site, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Site.
This Site has not been reviewed by the Securities and Futures Commission of Hong Kong.
Defined terms used in this Site shall have the same meanings as those defined in the Trust Deed dated 23rd October 1999 between State Street Global Advisors Asia Limited (formerly known as State Street Global Advisors (HK) Limited), State Street Bank and Trust Company and Exchange Fund Investment Limited.
In August 1998, the Government of the Hong Kong Special Administrative Region (HKSAR government) acquired a substantial portfolio of Hong Kong shares during a market operation. Exchange Fund Investment Limited (EFIL) was established in October 1998 by the HKSAR government and one of its functions was to advise on the disposal of this portfolio in an orderly manner.
When seeking to dispose of these shares, the HKSAR government chose a stock neutral solution that would create minimal disruption to the market. An Exchange Traded Fund, the Tracker Fund of Hong Kong (TraHK), which met these requirements and added depth to Hong Kong's capital markets, was launched in November 1999 as the first step in the HKSAR government's disposal programme. State Street Global Advisors Asia Limited was appointed as the Manager and State Street Bank and Trust Company was appointed as the Trustee of TraHK. These appointments provided TraHK with a comprehensive solution to its needs, including portfolio management, custody, fund administration and compliance monitoring functions.
With an issue size of HK$ 33.3 billion (approximately US$ 4.3 billion), TraHK's Initial Public Offering (IPO) was the largest IPO ever in Asia ex-Japan at the time of launch. Through the IPO of TraHK and its Tap Facility, approximately HK$ 140.4 billion (by 15 October 2002) in Hang Seng Index constituent stocks have been returned to the market.