CSOP PRODUCTS TO LIST ON HONG KONG STOCK EXCHANGE
KUALA LUMPUR, Jan 19 -- Hong Kong’s largest leveraged and inverse products (L&I products) issuer, CSOP Asset Management Limited (CSOP) has announced the listing of the CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and the CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) on the Hong Kong Stock Exchange on Jan 20.
According to a statement, 7248.HK and 7348.HK will apply a swap-based synthetic replication strategy to achieve the respective investment objectives.
7248.HK will provide investment results closely corresponding to twice (2x) the daily performance of the FTSE China A50 Index while 7348.HK will provide investment results closely corresponding to inverse (-1x) daily performance of the FTSE China A50 Index, both excluding costs and expenses.
With listing prices around HKD 7.75 and trading lot size of 100, the entry investments of 7248.HK and 7348.HK are approximately HKD 775, respectively. (HKD 100 = RM 52.25)
Following the CSI300 leveraged & inverse products launched last July, 7248.HK and 7348.HK provide more choices for investors intending to gain short-term China A-shares exposures, especially to the big blue chips.
The launch of the FTSE China A50 Index tracking L&I products will not only enrich the product offerings around FTSE China A50 Index but also provide investors, especially China A50 investors, with tools to amplify or hedge in an easy way.
-- BERNAMA
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