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  • ABF Pan Asia Bond Index Fund ("PAIF") is an exchange traded bond fund which seeks to provide investment returns that corresponds closely to the total return of the Markit iBoxx ABF Pan-Asia Index ("Index"), before fees and expenses, and its return may deviate from that of the Index.
  • PAIF primarily invests in local currency government and quasi-government bonds in eight Asian markets, comprising of China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand.
  • Investment involves risks, including risks of exposure to bonds in both developed and emerging Asia markets. Investors may lose part or all of their investments.
  • PAIF is not "actively managed" and will not try to "beat" the market it tracks.
  • The Executives' Meeting of East Asia and Pacific Central Banks group (the "EMEAP") member central banks and monetary authorities are like any other investors in PAIF and each of them may dispose of their respective interest in the Units they hold. There are no guarantees that the EMEAP member central banks and monetary authorities will continue to be investors in PAIF.
  • The trading price of PAIF may differ from the underlying net asset value per share.
  • PAIF may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the PAIF's prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level etc and seek independent financial and professional advices as appropriate prior to making any investment.

How to Trade

Individual Investors

Individual investors may consult their brokers on how to buy and sell PAIF. Standard brokerage commissions and other charges will apply like trading any other listed stocks, but stamp duty will be exempted on trading PAIF's units on Stock Exchange of Hong Kong.

Minimum Investment Size

Minimum transaction size is 10 units, or around US$1,000.*

*The estimate is reached by multiplying a board lot size of 10 units of PAIF by the initial price of the US$100 per unit (the actual market price will vary from time to time), excluding brokerage commissions, transaction costs etc.

Dealing in Larger Sizes

For larger transaction sizes, please consult your financial advisor.

Professional Investors

Market Professionals may participate in cash creation and redemption through Market Makers (MMs) and Authorized Participants (APs). 

Minimum Dealing Size

10,000 units (the dollar amount can be found by multiplying the fund's NAV with the number of units) or in multiples thereof.

Daily Dealing Limit

Cash redemption is limited to 1.5 million units per dealing day^ (the dollar amount can be found by multiplying the fund's NAV with the number of units).

Dilution Levy**

Up to a maximum of 0.5% of the creation and redemption amount.

Dedicated ETF Capital Markets Team

The team’s purpose is to improve user experience whilst trading ETFs. The team can be leveraged by institutional and professional clients at any stage of their trading process.