Industry research

Legal Message

DISCLAIMERS

SPDR® Gold Trust (the "Trust") is an exchange traded fund designed to track the price of gold (net of Trust expenses).

Investment involves risks, in particular, investing in one single commodity asset class. Fluctuation in the price of gold may materially adversely affect the value of the Trust. Investors may lose part or all of their investment.

The trading price of the shares may be different from the underlying NAV per share.

The Trust may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the Trust'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.

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 this Website may be incomplete, altered or tampered with, and may not present complete and accurate information. None of the World Gold Trust Services LLC, State Street Global Advisors Asia Limited (“SSgA") or any of their affiliates shall be liable for losses of any kind suffered or incurred as a result of the reliance on the information contained in this Website.

This Website is for information purposes only and does not have any regard to any investor's specific investment objectives, financial situation or particular needs. Nothing contained in this Website constitutes or should be construed as an invitation or offer to acquire, purchase or subscribe for, or to sell, any gold securities or other financial instruments or to provide any investment advice, recommendations or other financial services of any kind.

The Stock Exchange of Hong Kong Limited ("SEHK"), Hong Kong Securities Clearing Company Limited and the Hong Kong Securities and Futures Commission take no responsibility for the contents of this Website, 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 Website.

The Hong Kong prospectus in respect of the offer of the shares (the "Shares") in the SPDR® Gold Trust (the "Trust") is available and may be obtained upon request from State Street Global Advisors Asia Limited, the Hong Kong representative of the Trust. Investors should be aware that the Trust is different from a typical unit trust. Investors should read the Hong Kong prospectus of the Trust before deciding whether to purchase Shares. The value of Shares may fall as well as rise. Shares in the Trust are not obligations of, deposits in, or guaranteed by, the Sponsor, SSgA or any of their affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principal amount invested. Past performance figures of the Trust or of the gold market are not necessarily indicative of the future performance of the Trust. The value of Shares relate directly to the value of the gold held by the Trust and fluctuations in the price of gold could materially adversely affect an investment in the Shares. In particular, crises may motivate large-scale sales of gold which could decrease the price of gold and substantial sales of gold by the official sector could adversely affect an investment in the Shares. You may wish to seek advice from a financial adviser before making a commitment to purchase Shares. In the event that you choose not to seek advice from a financial adviser, you should consider whether the Trust is suitable for you.

The Shares are listed, and investors may trade their Shares, on the SEHK. Listing of the Shares on the SEHK does not guarantee a liquid market for the Shares and the Shares may be delisted. The Shares may trade on the SEHK at a price which is at, above or below the net asset value per Share. Only authorized participants may subscribe or redeem Shares directly from the Trust in substantial sizes.

The information in this Website is directed at, and is intended for distribution to, and use by, persons in Hong Kong only. It is not intended for distribution to, or use by, any person in any other jurisdiction. Access to the information contained in this Website may be restricted by laws or regulations applicable to you. None of the services or investments referred to in this Website are available, and prospectuses in respect of them will not be distributed to persons resident in any state or territory where such distribution would be contrary to local law or regulation. It is your responsibility as the user to be informed of and to observe all applicable laws and regulations of any relevant jurisdiction.