Managed by State Street Global Advisors

The Manager

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

The Trustee

State Street Bank and Trust Company

State Street Bank and Trust Company is a wholly-owned subsidiary of State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29 trillion in assets under custody and administration and $2.47 trillion* in assets under management as of December 31, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at

*AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

Privacy Policy

This Privacy Policy informs you of our commitment to privacy and explains the ways that State Street collects, uses and discloses your personal and non-personal information when you visit this website. By visiting this site, you consent to the collection, use and disclosure of your personal information as described in this Privacy Policy.

State Street reserves the right to modify the terms and conditions of this Privacy Policy at any time, and such modifications shall be effective immediately upon posting of the modified Privacy Policy on this website. You agree to review this Privacy Policy periodically to be aware of such modifications and your continued use of the website following the posting of any modified terms shall be deemed your conclusive acceptance of the modified Privacy Policy. If you do not agree with any modifications posted by State Street, your sole and exclusive remedy is to discontinue use of this website.

Collecting and Using Information

When you visit and use this website, information is collected from you automatically through the use of "cookies." Cookies are small data files that contain a unique identification number stored on your computer. Our website sends cookies to your computer's browser to allow us to better understand who is coming to our site for the first time or is a returning visitor. When you visit this website, cookies are only used to record your preferences and choices as you navigate through the site. This information helps us to customize the delivery of our website content and make our website more useful to our visitors. The information collected through cookies typically is stored only for the length of time that you are connected to this website. Certain information, however, may in some instances be stored in an encrypted cookie that lasts longer than the duration of the visit to this website.

The use of cookies is common on the Internet and many Web browsers are initially configured to accept cookies automatically. If you would prefer not to accept cookies, you can set your Web browser to notify you when your computer is receiving a cookie or to refuse cookies automatically. To readjust your Web browser's cookie options, please refer to the instruction documentation of your particular browser, or seek online assistance.

Other than the collection of information as described above, we will not collect personal information about you when you visit our website, unless you choose to directly provide such information to us when contacting us via email. We will use this personal information to process your request and, when applicable, respond to you. By contacting us in this manner, you consent to the collection and use of your personal information for purposes of responding to your request, and our transmission of such information to any State Street entity within, and outside of, Hong Kong. We will not sell, rent, give or otherwise disclose your personal information to anyone outside of State Street or its affiliated companies within the State Street group of companies, without your consent, unless required to do so in accordance with law, regulation or legal process. Failure to provide such information may result in our inability to respond to or process your request.

Protecting Information

We strive to protect all personal information we receive online with appropriate safeguards and security measures. However, the Internet is not a secure medium, and neither the privacy of your communications, nor visits to this website, can be ensured. Accordingly, by visiting this website, you acknowledge and agree that State Street does not guarantee the security of any information you transmit to us, and that you do so at your own risk.

Providing Access and Maintaining Accuracy

You are entitled to check whether State Street holds personal data about you and request access to such personal data, request State Street to correct any personal data relating to you which is inaccurate, and ascertain State Street’s policies and practices in relation to personal data and be informed of the kind of personal data held by State Street. State Street has the right to charge a reasonable fee for processing any data access request.

All requests for access to or correction of personal data or for information regarding the policies and practices and kinds of data held by State Street, should be addressed to:

The Data Protection Officer
State Street Global Advisors Asia Limited
68/F, Two International Finance Centre
8 Finance Street, Central
Hong Kong

We will use all reasonable efforts to maintain the accuracy of your personal information. If you have any questions or concerns about this Privacy Policy or wish further information about how to access any of your personal information held at State Street, please click the Contact button in the upper navigation.

* State Street refers to State Street Global Advisors and its affiliated companies.


Site Owner and Operator

The Site is owned and operated by State Street Global Advisors Asia Limited (道富環球投資管理亞洲有限公司), also known as "SSGA Asia". SSGA Asia is a part of State Street Global Advisors ("SSGA"), the investment management arm of State Street Corporation.

You are accessing the Site "AS IS" and acknowledge that the Site is proprietary to SSGA and its relevant licensors and information and data suppliers. Unless otherwise indicated either in the Site or herein, SSGA or its affiliates own the copyright and any other intellectual property rights subsisting anywhere in the world to the information on this Site.

No Offer

Nothing contained in or on the Site should be construed as investment advice, or as a recommendation or representation about the suitability or appropriateness of any product or service, or an offer to buy or sell, or 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 recommends that you seek independent financial and tax advice before making any investment decisions.

Site for Hong Kong Residents Only

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 of an offer to buy or an offer, or recommendation, to sell any security or investment to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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.

No Reliance

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, andaccepts 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.

No Warranty

The Site and the information on the Site is provided "as is", without any warranties of any kind. Neither SSGA Asia nor its affiliates warrants the accuracy, adequacy, completeness, or timeliness 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 or freedom from computer virus.

Important Risk Disclosure

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.

The information on the Site has been prepared for informational purposes only without regard to any particular user’s investment objectives, or financial situation or position and SSGA is not soliciting any action based upon them.

Please read carefully the relevant prospectus including the risk factors before making any investment decision.

Conflicts of Interest

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.

Limitations of Liability

To the maximum extent permitted by applicable law, 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, loss of programs, 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 or any information or related graphics contained in or made available through 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.

Linked Websites

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.

SSGA Trademark

"State Street Global Advisors" and "SSGA" are registered 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.

All trademarks, service marks, trade names, and logos displayed on this Site are proprietary to SSGA and/or their respective owners. Nothing contained on this Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this Site without the written permission of SSGA or such other third party that may own the trademark displayed on this Site.

The use of the images displayed on this Site by you, or anyone else authorized by you, is prohibited. Any unauthorized use of the images may violate copyright laws, trademark laws, and the laws of privacy and publicity, and communications, as well as other regulations and statutes.


Please read carefully the Privacy 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.

Changes and Modifications

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.

Language Version

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.

Governing Law and Jurisdiction

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.

Other Terms

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 as amended or supplemented from time to time between State Street Global Advisors Asia Limited (道富環球投資管理亞洲有限公司) (formerly known as State Street Global Advisors (HK) Limited), State Street Bank and Trust Company and Exchange Fund Investment Limited.

The contents of the Site are protected by applicable copyright laws. No permission is granted to copy, distribute, or modify any material herein or to post any text, graphics, video, audio or other material hereto. This website is copyrighted by State Street Corporation. All rights reserved.

You are leaving

The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.