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CSOP Hang Seng Index Daily (-1X) Inverse Product (Sub-Fund)

Product Type: Futures-based inverse ETF tracking the Hang Seng Index.
Launch: 10 March 2017.
Stock Code: 07300.
Key Details:

• Inverse (-1X): Aims to deliver daily returns inverse to the Hang Seng Index performance, before fees.
• Strategy: Uses futures-based replication.
• Net Assets: HKD 404.8 million as of 31 Dec 2021.

Performance

• NAV Trend (2021 vs 2020):
  • 2021: +7.14% NAV gain (Index: -14.08%).
  • 2020: -6.32% NAV gain (Index: -3.40%).
• HKD Counter YTD (2021): Stock code 07300 price return +7.60%.

Risk & Structure

• Critical Risks: Market (Index fluctuation), liquidity, and counterparty risks.
• Derivatives: Holds Hang Seng Index futures primarily.
• Liquidity: High trading volumes, strong exchange interest.

Governance

• Manager: CSOP Asset Management Limited.
• Trustee: HSBC Institutional Trust Services (Asia) Limited.
• Audity: PwC (unqualified audit opinion).