CSOP CSI BROKERAGE INDEX DAILY (2X) LEVERAGED PRODUCT MAKES DEBUT ON HKEX

KUALA LUMPUR, Oct 19 (Bernama) -- CSOP Asset Management Ltd (CSOP) has announced the listing of CSOP CSI Brokerage Index Daily (2x) Leveraged Product on the Hong Kong Stock Exchange (HKEX).

The exchange-traded fund (ETF) manager said the product (ticker: 7252.HK) aims to help investors capture the short-term investment opportunities of China's brokerage sector of A-shares.

“I believe that 7252.HK will be a good addition to our leveraged and inverse product spectrum, providing tactical investment opportunities to investors who look for amplified short-term investment opportunities of China A-shares market,” said CSOP chief executive officer Ding Chen.

Tracking CSI All Share Investment Banking & Brokerage Index, 7252.HK intends to adopt a swap-based synthetic replication strategy to achieve the investment objective, which is twice the performance of the index on a daily basis.

With the listing price at around HK$7.8 (about RM4.70) per unit and trading lot of 100, CSOP CSI Brokerage Index Daily (2x) Leveraged Product started to trade on Oct 19, 2022.

Upon listing, 7252.HK had received US$5 million -- HK$39 million equivalent -- initial investment. (US$1=RM4.716)

As a renowned ETF manager in Hong Kong and Singapore, CSOP has already been dedicated to providing ETFs/exchange-traded products (ETPs) to global investors for 10 years with half of the top traded ETFs/ETPs in Hong Kong being from CSOP.

With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors.

-- BERNAMA