Important Information
Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
- Global X Hang Seng High Dividend Yield ETF’s (the “Fund’s”) investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer specific factors.
- There is no assurance that dividends will be declared and paid in respect of the securities comprising the Hang Seng High Dividend Yield Index (the “Index”). Dividend payment rates in respect of such securities will depend on the performance of the companies or REITs of the constituent securities of the Index as well as factors beyond the control of the Manager including but not limited to, the dividend distribution policy of these companies or REITs.
- Whether or not distributions will be made by the Fund is at the discretion of the Manager taking into account various factors and its own distribution policy. There can be no assurance that the distribution yield of the Fund is the same as that of the Index.
- The Manager may at its discretion pay dividend out of the capital or gross income of the fund. Payment of dividends out of capital to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital may result in an immediate reduction of the Net Asset Value per Unit.
- The trading price of the Fund’s unit (the “Unit”) on the Stock Exchange of Hong Kong is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund’s net asset value.
- As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. The borrower may fail to return the securities in a timely manner or at all. The Fund may suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from realisation requests.
Mirae Asset Celebrates Inclusion of Global X Hang Seng High Dividend Yield ETF in Stock Connect Scheme
April 29, 2024, Hong Kong – Mirae Asset Global Investments (Hong Kong) Limited, (the “Firm” or “Mirae Asset”) is pleased to announce that the Global X Hang Seng High Dividend Yield ETF (3110) will be included in the Stock Connect Scheme (the “Scheme”) on May 6, 2024.
The Scheme, announced by the China Securities Regulatory Commission and the Securities and Futures Commission on May 27, 2022, serves to further deepen the interaction and integration of the two capital markets of mainland China and Hong Kong. The Global X Hang Seng High Dividend Yield ETF (3110) has met the eligibility criteria to be listed as a qualified security for Southbound trading. One of the requirements is to maintain an average daily asset under management (AUM) of no less than HKD 1.7 billion over the past six months. The inclusion of this ETF as a qualified security demonstrates its substantial scale.
As the first Southbound-traded ETF tracking the Hang Seng High Dividend Yield Index within the Scheme, the Global X Hang Seng High Dividend Yield ETF (3110) also holds the distinction of currently being the largest high dividend yield ETF in terms of AUM and the longest track record listed in Hong Kong.^ With a track record of 11 years since its inception in 2013, it currently has an AUM of HKD 1.9 billion as of April 17, 2024.^ The ETF aims to provide investors with high dividend returns, boasting an annualized dividend yield of 8.24%* and a semi-annual dividend distribution target (The dividend amount or dividend rate is not guaranteed, the dividend may pay out from capital#)
Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said “The inclusion of the Global X Hang Seng High Dividend Yield ETF (3110) in the Scheme reaffirms our dedication to providing high-quality and innovative investment opportunities while strengthening our confidence in expanding our presence in the mainland market and global business.”
Following the inclusion of the Global X Hang Seng TECH ETF (2837) in November 2023, the Global X Hang Seng High Dividend Yield ETF (3110) becomes the Firm’s second ETF to participate in the Stock Connect Scheme.
^Source: Mirae Asset, HKEX (Exchange-Traded Products, Under Category of Equity Income and Geographical Focus of Hong Kong, excluding REITS), 17 April 2024.
*The annualized yield is calculated as follows: (dividends per share distributed in Sep 2023 and Mar 2024) / net asset value per unit of the fund on 29 Feb 2024.
#Whether or not distributions will be made by the Fund is at the discretion of the Manager taking into account various factors and its own distribution policy. The Manager may at its discretion pay dividend out of the capital or gross income of the fund. Payment of dividends out of capital to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital may result in an immediate reduction of the Net Asset Value per Unit. Positive yield does not mean positive return.
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