Hang Seng Gold ETF debuts today

Hang Seng Investment Management Limited (Hang Seng Investment’) launched the Hang Seng Gold ETF, which commenced trading on the Hong Kong Stock Exchange today.

This ETF is the first in Hong Kong to facilitate physical gold redemption at a bank, and it features a low entry threshold. Hang Seng Investment also plans to offer tokenised unlisted fund unit options for this ETF, catering to the diverse needs of investors, enabling them to capture opportunities in the gold market.

Speaking at the listing ceremony, Christopher Hui, secretary for financial services and the treasury, extended his congratulations to the Hang Seng Gold ETF on its successful listing, and said: “The listing of the Hang Seng Gold ETF represents strong support for the vision of positioning Hong Kong as a premier international gold trading hub and contributes to the growth and innovation of Hong Kong’s gold market. The exploration of distribution through licensed digital asset exchanges will help bridge traditional and digital finance, unlocking new opportunities. This initiative aligns fully with the vision set out in the Chief Executive's 2025 Policy Address, which calls for accelerated development of a world-class international gold trading market.”

Luanne Lim, executive director and chief executive of Hang Seng Bank, said: “We are delighted that Hang Seng Investment is launching the Hang Seng Gold ETF. This marks our significant milestone in strengthening our ETF portfolio and expanding investment solutions for investors. The Gold ETF also underscores our commitment to supporting Hong Kong’s development as a leading international gold trading hub.”

Rosita Lee, director and CEO at Hang Seng Investment, said: “As the first gold ETF in Hong Kong to offer physical gold redemption at a bank, the Hang Seng Gold ETF offers individual investors a simple way to gain exposure to gold and allocate assets flexibly beyond traditional equities and bonds. Looking ahead, we are committed to supporting our clients’ long-term wealth growth by providing a diverse suite of products and enabling flexible portfolio management.”

The Hang Seng Gold ETF closely tracks the performance of the LBMA gold price AM, before fees and expenses. It provides investors with the flexibility to redeem physical gold through Hang Seng Bank, with physical gold trading, gold storage and redemption all conducted in Hong Kong. The Hang Seng Gold ETF is issued at HKD 16 ($2.05) per unit, with a board lot size of 50 units. The management fee is 0.25% per annum. Investors can participate with an investment of approximately HKD 800 ($102.51) per board lot.

The Hang Seng Gold ETF, which are backed by physical gold held in custody, reduce the complexities associated with storing physical gold. Investors can enjoy seamless transactions by trading through Hong Kong Stock Exchange channels.

Re-disseminated by Wealth and Society