Before you continue or make any investment decision, please read carefully the important information, the terms and conditions and the disclaimers set out below (together "Terms"). By clicking the "Agree" button below or by accessing and using this website and its pages, you agree to be bound by the Terms. We reserve the right to add to, change, rectify or remove any content or information on this website and the Terms at any time, without any notice to you. By continual access and use of this website and its pages following the posting of any changes to such Terms, you agree to such changes and to comply with the Terms in effect on the date you access this website. If you do not agree to any of these terms, please click the "Don't Agree" button.

IMPORTANT: XIE Shares Trust I* (*This is a synthetic ETF) is an umbrella unit trust with a series of different sub-funds (each an “Index Fund”) which are exchange traded funds that provide investment returns, before fees and expenses that seeks to track the performance of different underlying indices. Investments involve risks, including the loss of principal. You are advised to consider your own investment objectives and circumstances in determining the suitability of an investment in the exchange traded funds established under XIE Shares Trust I* (*This is a synthetic ETF) ("Trust") as described on this website ("Index Funds"). An investment in an Index Fund may not be suitable for everyone. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice.

• As each Index Fund seeks to obtain an exposure to the economic gain/loss of the relevant index through unfunded swaps, each Index Fund is exposed to the counterparty and default risk of its swap counterparties and may suffer significant losses if its swap counterparties fail to perform their obligations. Dealing in the units of such Index Fund may be suspended or such Index Fund may ultimately be terminated if a default by a swap counterparty is not remedied and/or suitable replacement swap counterparty cannot be found.
• The management of each Index Fund's aggregate net counterparty exposure to all swap counterparties of not more than 5% of each Index Fund's net asset value at the valuation point of each trading day is subject to the risks of intra-day price movements and swap counterparty's default in making any required cash payment.
• An Index Fund may be subject to risks arising from concentration of constituents of its underlying index in respect of a certain sector, industry or country. The Index Funds are more likely to be volatile than broadly-based funds as they are more susceptible to fluctuations in value resulting from adverse conditions in that single sector, industry or country.
• Some of the markets in which each Index Fund may invest are considered emerging market countries. Investments in emerging market may be subject to greater economic, political, social, legal, foreign exchange and liquidity risks as compared to investments in more developed markets. The value of an Index Fund's assets may be adversely affected by uncertainties or unexpected developments in matters such as political and social conditions, government policies and interventions, taxation, exchange rate and control, and other developments in economic, political, social and legal climate of these markets.
• Many assets and a substantial portion of the revenue of the Index Funds are not denominated in Hong Kong dollars. Any fluctuations in the relevant exchange rates will affect the value of securities as well as the net asset value of the Index Funds.
• The Index Funds are not "actively managed". The relevant Index Fund will decrease in value if its underlying index declines.
• As the price of the units in an Index Fund is driven by market factors, such units may trade at a substantial premium/discount to the Index Fund's net asset value.
• Changes in the net asset value of an Index Fund may deviate from the performance of its underlying index due to factors such as fees and expenses, liquidity of the index constituents, changes to its underlying index and default of swap counterparties.
• If an index provider terminates an index or does not allow the relevant Index Fund to use the index, and there is no successor index or if the size of the Index Fund falls below HK$75 million, the relevant Index Fund may be terminated.
• A connected person of the trustee of an Index Fund may act as a swap counterparty (which may belong to the trustee's group), custodian and/or sub-custodian to the Index Fund, and undertake other activities (such as acting as the swap calculation agent), which may give rise to potential conflicts of interest. If any conflicts of interest arise in respect of an Index Fund, the trustee and the manager of the Index Fund will endeavour to resolve such conflicts fairly.

You should read the prospectus of the Index Funds for further details, including their features and risks. Your investment decisions should not be based solely on the information on this website.

TERMS AND CONDITIONS:

Use of this website and its information

This website and its content is owned, prepared and maintained by Enhanced Investment Products Limited (“EIP”) and has not been reviewed by the Hong Kong Securities and Futures Commission (“SFC”). This website may refer to investment products and contain their respective prospectus and other materials which are authorised by SFC. SFC authorisation is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

This website contains general information only. We do not purport to provide any investment, financial, legal or other expert advice on this website. You must not rely on this website and its content as any such advice or any offer, recommendation or solicitation to buy or sell any security or to implement any investment strategy.

This website has been prepared without having regard to your investment objectives, financial circumstances or any other needs. You should determine for yourself the relevance of the content on this website.

Regulatory restrictions and no offer

No action has been taken to permit an offering of units of any Index Fund or the distribution of the content of this website in any jurisdiction other than Hong Kong and, accordingly, this website and its content does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer is not authorised or to any person to whom it is unlawful to make such offer or solicitation.

In particular:

(a) Units in each Index Fund have not been registered under the United States Securities Act of 1933 (as amended) and except in a transaction which does not violate such Act, may not be directly or indirectly offered or sold in the United States of America or any of its territories or for the benefit of a US Person (as defined in Regulation S of such Act);
(b) Any Index Fund created under the Trust has not been and will not be registered under the United States Investment Company Act of 1940, as amended;
(c) Units may not, except pursuant to a relevant exemption, be acquired or owned by, or acquired with the assets of an ERISA Plan. An ERISA Plan is defined as (i) any retirement plan subject to Title I of the United States Employee Retirement Income Securities Act of 1974, as amended; or, (ii) any individual retirement account or plan subject to Section 4975 of the United States Internal Revenue Code of 1986, as amended.

You must inform yourself of and comply with any relevant restrictions. You represent and warrant that your access and use of the content of this website do not cause any breach of the applicable laws of your jurisdiction.

Risks

Investment involves risks, including possible loss of principal. Past performance is not indicative of future performance or returns. The prices, value and returns of the Index Fund may go down as well as up. The Index Funds may trade at prices above or below their net asset values. Each Index Fund has its own investment objective and risk profile. It may not be suitable for every investor.

Prior to investing in any Index Fund, you should review the relevant prospectus (available on this website) and make your own appraisal as to the suitability of an investment in such Index Fund having regard to your objectives and circumstances, including any risks and benefits of such investment. You should consult your own independent professional advisors in relation to any such investments.

No warranties on content

The content of this website is provided to you on an “AS IS”, “AS AVAILABLE” basis without any expressed or implied warranty or representation. In particular, we make no representations or warranties regarding accuracy, timeliness, adequacy, completeness, merchantability, fitness for particular purpose or non-infringement of third party rights in respect of the website or its content.

Further, we do not represent or warrant that access to this website and its content will be uninterrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that there will be adequate security, that no viruses or other contaminating, harmful or destructive properties will be transmitted or that your computer system will not be damaged as a result of accessing or using this website and its content. You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other contaminating, harmful or destructive properties.

We make no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with this website.

We are not liable for any loss or damage, whether direct, indirect, consequential, incidental, special, punitive or exemplary damages, arising as a result of your use of or reliance on the content contained on this website.

Intellectual property

“XIE Shares” and “易亞” name and logo are our registered trademarks. Other trademarks, logos and service marks, registered or otherwise, referenced or displayed on this website are owned by us and/or other parties. Unless otherwise stated, we hold the copyright and all other intellectual property rights for all the contents of this website. All rights are reserved. None of the content of this website may be modified, distributed, copied, stored, displayed, reproduced, transmitted, used for creating derivative works or used in any other commercial purposes without our prior written consent.

Hyperlinks

We may provide hyperlinks to other websites on the Internet for your general information only. The content of such third-party websites are not verified. Accordingly, we are not responsible for the content of such third-party websites and their suitability and availability for your use. We do not recommend, endorse or approve any such third-party websites. We are not a party to and are not responsible for any agreements entered into between you and the provider of such third-party websites. You access such third-party websites and use any of its content at your own risk. We will not be liable in any way in connection with such hyperlinks.

Email

Messages sent over the Internet may be subject to interruption, delayed transmission and transmission blackout as a result of Internet traffic or incorrect data transmission due to the nature of Internet. We are not liable to you or any other person for any damages or losses in connection with any messages that you send to us over the Internet.

General

Reference to “you”, “your” and “yours” are references to each person accessing and/or using this website. Reference to “we”, “us” and “our” are references to EIP.

Governing law

These Terms are governed by and interpreted pursuant to the laws of Hong Kong.

DISCLAIMERS:

Index Providers’ Disclaimers

XIE Shares India (CNX Nifty) ETF* (*This is a synthetic ETF) (India ETF) is not sponsored, endorsed, sold or promoted by IISL. IISL does not make any representation or warranty, express or implied, to the owners of the India ETF or any member of the public regarding the advisability of investing in securities generally or in the India ETF particularly or the ability of the CNX Nifty Index to track general stock market performance in India. The relationship of IISL with the Manager is only in respect of the licensing of the CNX Nifty Index and certain trademarks and trade names associated with CNX Nifty Index which is determined, composed and calculated by IISL without regard to the Manager or the India ETF. IISL does not have any obligation to take the needs of the Manager or the owners of the India ETF into consideration in determining, composing or calculating the CNX Nifty Index. IISL is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Units to be issued or in the determination or calculation of the equation by which the Units are to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the India ETF and its Units.

IISL does not guarantee the accuracy and/or the completeness of the CNX Nifty Index or any data included therein and IISL shall not have any responsibility or liability for any errors, omissions, or interruptions therein. IISL does not make any warranty, express or implied, as to results to be obtained by the Manager, owners of the India ETF, or any other person or entity from the use of the CNX Nifty Index or any data included therein. IISL makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the CNX Nifty Index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any claims, damages or losses arising out of or related to or related to the India ETF, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

An investor, by subscribing or purchasing an interest in the India ETF, will be regarded as having acknowledged, understood and accepted the disclaimer referred to above and will be bound by it.

XIE Shares Indonesia (LQ45) ETF* (*This is a synthetic ETF) (Indonesia ETF) is not in any way sponsored, endorsed, sold or promoted by the Indonesia Stock Exchange (IDX), and the IDX will not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the LQ45 Index and/or the figure at which the LQ45 Index stands at any particular time on any particular day or otherwise. The LQ45 Index is compiled and calculated by the IDX. However, the IDX shall not be liable (whether in negligence or otherwise) to any person for any error in the LQ45 Index and the IDX shall not be under any obligation to advise any person of any error therein.

XIE Shares Korea (KOSPI 200) ETF* (*This is a synthetic ETF) (Korea ETF) is not in any way sponsored, endorsed, sold or promoted by the KRX, and the Korea Exchange (KRX) will not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the KOSPI 200 Index (Index) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by the KRX. KRX does not guarantee the accuracy and/or the completeness of the Index or any data included therein and KRX shall have no liability for any errors, omissions, or interruptions therein. KRX does not guarantee the accuracy and/or the completeness of the Index or any data included therein to the Korea ETF, the investors or unitholders of the Korea ETF, or any other person or entity that uses the Index or any data included therein. KRX makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall KRX have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. KRX makes no representation or warranty, express or implied, to the investors or unitholders of the Korea ETF or any member of the public regarding the advisability of investing in securities generally or in the products particularly or the ability of the Index to track general stock market performance (profitability). KRX's only relationship to the Korea ETF or its manager is the licensing of certain trademarks and trade names of KRX and of the Index which is determined, composed and calculated by KRX without regard to the Korea ETF, its manager or the content of the Korea ETF. KRX has no obligation to take the needs of the Korea ETF, its manager or the investors or unitholders of the Korea ETF into consideration in determining, composing or calculating the Index. KRX is not responsible for and has not participated in the determination of the timing of the issuance or sale of the Korea ETF or in the determination or calculation of the net asset value of the Korea ETF. KRX has no obligation or liability to the investors or unitholders of the Korea ETF in connection with the administration, marketing or trading of the Korea ETF. The above disclaimers of KRX shall continue to be effective even after the termination of the licence agreement with KRX.

XIE Shares Malaysia (FTSE Bursa Malaysia KLCI) ETF* (*This is a synthetic ETF) is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (FTSE) or by Bursa Malaysia Berhad (BURSA MALAYSIA) or by the London Stock Exchange Plc (Exchange) or by The Financial Times Limited (FT) and neither FTSE nor BURSA MALAYSIA nor Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Bursa Malaysia KLCI (KLCI) and/or the figure at which KLCI stands at any particular time on any particular day or otherwise. KLCI is compiled and calculated by FTSE. However, neither FTSE nor BURSA MALAYSIA nor Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor BURSA MALAYSIA nor Exchange nor FT shall be under any obligation to advise any person of any error therein. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks of the Exchange and FT and are used by FTSE under licence. “BURSA MALAYSIA” is a trade mark of BURSA MALAYSIA.

XIE Shares Philippines (PSEi) ETF* (*This is a synthetic ETF) is not in any way sponsored, endorsed, sold or promoted by the Philippines Stock Exchange (PSE), and the PSE will not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the PSEi Index and/or the figure at which the PSEi Index stands at any particular time on any particular day or otherwise. The PSEi Index is compiled and calculated by the PSE. However, the PSE shall not be liable (whether in negligence or otherwise) to any person for any error in the PSEi Index and PSE shall not be under any obligation to advise any person of any error therein. The PSEi is a trade mark of the PSE.

XIE Shares Taiwan (TAIEX) ETF* (*This is a synthetic ETF) is not in any way sponsored, endorsed, sold or promoted by the Taiwan Stock Exchange (TWSE), and the TWSE will not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the TAIEX Index and/or the figure at which the TAIEX Index stands at any particular time on any particular day or otherwise. The TAIEX Index is compiled and calculated by the TWSE. All information regarding the TAIEX Index and TWSE are subject to any superceding announcements by TWSE. However, the TWSE shall not be liable (whether in negligence or otherwise) to any person for any error in the TAIEX and the TWSE shall not be under any obligation to advise any person of any error therein. TAIEX is a trade mark of TWSE.

XIE Shares Thailand (SET50) ETF* (*This is a synthetic ETF) (Thai ETF) is not in any way sponsored, endorsed, sold or promoted by the Stock Exchange of Thailand (SET), and the SET makes no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the SET50 Index and/or the figure at which the SET50 Index stands at any particular time on any particular day or otherwise. The SET50 Index is compiled and calculated by the SET. However, the SET does not guarantee the accuracy and the completeness of the SET50 Index as an underlying index of the Thai ETF and/or any data relating to the SET50 Index. The SET shall not be liable (whether as a result of willful misconduct, negligence or otherwise) to any person for any losses and damages whether direct, indirect, special, punitive, consequential or any other damages (including loss of profit) arising from any usage, error or otherwise in respect of the SET50 Index and the SET shall not be under any obligation to advise any person of any such case. The SET50 Index is a trade mark of the SET. The SET permits the manager of the Thai ETF to use the SET50 Index trade mark as a part of an underlying index for the issuance of the units in the Thai ETF as stated herein only. The SET50 Index and any intellectual property rights of the SET shall exclusively belong to the SET and shall in no case to be transferred to any person. In addition, the SET has no obligation and liability in connection with the administration, marketing, trading or otherwise which is related to the units of the Thai ETF.

Data Provider’s Disclaimer:

Delayed data as shown on this website (“data”) are provided by the data provider, Interactive Data. Interactive Data and HKEx Information Services Limited, and their respective holding companies and/or any subsidiaries of such holding companies, do not guarantee the accuracy or reliability of the data provided and accept no liability (whether in tort or contract or otherwise) for any loss or damage you may suffer or incur arising out of or in connection with your use of the data, including loss or damage which arises out of the data being inaccurate, incomplete or delayed, and however such loss or damage arises. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

All information provided by Interactive Data (Hong Kong) Limited ("Interactive Data") and its affiliates (the "Interactive Data Information") is owned by or licensed to Interactive Data and its affiliates and any user is permitted to use such Interactive Data Information only for such user's personal use. In no event shall any user publish, retransmit, redistribute or otherwise reproduce any Interactive Data Information in any format to anyone, and no user shall use any Interactive Data Information in or in connection with any business or commercial enterprise, including, without limitation, any securities, investment, accounting, banking, legal or media business or enterprise.

Prior to the execution of a security trade based upon the Interactive Data Information, you are advised to consult with your broker or other financial representative to verify pricing information.

THE INTERACTIVE DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER INTERACTIVE DATA NOR ITS AFFILIATES NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE INTERACTIVE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. NEITHER INTERACTIVE DATA NOR ITS AFFILIATES NOR ANY THIRD PARTY DATA PROVIDER WILL BE LIABLE TO ANY USER OR ANYONE ELSE FOR ANY INTERRUPTION, INACCURACY, ERROR OR OMISSION, REGARDLESS OF CAUSE, IN THE INTERACTIVE DATA INFORMATION OR FOR ANY DAMAGES (WHETHER DIRECT OR INDIRECT, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY) RESULTING THEREFROM.

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