Important Information
Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including the product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
- The investment objective of Global X HSCEI Covered Call Active ETF (the “Funds”) is to generate income by primarily investing in constituent equity securities in the Hang Seng China Enterprises Index (the “Reference Index”) and selling (i.e. “writing”) call options on the Reference Indexes respectively to receive payments of money from the purchaser of call options (i.e. “premium”).
- If the value of the securities relating to the Reference Index held by the Fund declines, the premium that the Fund received for writing the Reference Index Call Option may reduce such loss to some extent. However, the downside of adopting a covered call strategy is that the Fund’s opportunity to profit from an increase in the level of the Reference Index is limited to the strike price of the Reference Index Call Options written, plus the premium received.
- The market value of an Reference Index Call Option may be affected by factors including supply and demand, interest rates. The Fund’s ability to utilise Reference Index Call Options successfully will depend on the ability of the Manager to correctly predict future price fluctuations.If an Reference Index Call Option expires and if there is a decline in the market value of the Reference Index during the option period, the premiums received by the Fund from writing the Reference Index Call Options may not be sufficient to offset the loss realised.
- The Reference Index Call Options in the OTC markets may not be as liquid as exchange-listed options. The Fund may find the terms of counterparties in the OTC markets to be less favorable than the terms available for listed options. Moreover, the SEHK may suspend the trading of options in volatile markets which may casue the Fund unable to write Reference Index Call Options at times
- The use of futures contracts involves market risk, volatility risk, leverage risk and negative roll yields and “contango” risk.
- Investing in Reference Index Futures and writing Reference Index Call Options generally involve the posting of margin. If the Fund is unable to meet its investment objective as a result of margin requirements imposed by the HKFE, the Fund may experience significant losses.
- The Fund employs an actively managed investment strategy. The Fund may fail to meet its objective as a result of the implementation of investment process which may cause the Fund to underperform as compared to direct investments in the constituent equity securities of the Reference Index.
- The Fund is exposed to concentration risk by tracking a specific regions or countries.
- To the extent that the constituent securities of Reference Index are concentrated in securities of a particular sector or market, the investments of it may be similarly concentrated.
- The trading price of the Fund’s unit on the SEHK is driven by secondary market trading factors, which may lead to a substantial premium or discount to the Fund’s net asset value.
- The Manager may at its discretion pay dividends out of the capital of the Fund. Distributions paid out of capital, represent a return of an investor’s original investment or its gains and may potentially reduce the Fund’s Net Asset Value per Share as well as the capital available for future investment.
- The Fund may suffer from a losses or delays when recovering the securities lent out. This may potentially affect its ability to meet payment and redemption obligations. Collateral shortfalls due to inaccurate pricing or change of value of securities lent, may cause significant losses to the Fund.
(Applicable to Tokenised Class Units) Unlisted tokenised class units are subject to the same risk factors as traditional class units. In addition, tokenised class units also involve the additional risks below:
- Risks associated with tokenised class(es) of Shares include, but are not limited to: Blockchain technology risk, Token security risk, Cybersecurity risk, Delay risk, Dependence on service providers, Regulatory risk, Potential challenges in application of existing laws, Operational and technical risk, and Risk associated with virtual asset trading platforms (as distributors).
- Dealing arrangements in respect of tokenised Unlisted Class(es) of Shares and non-tokenised Unlisted Class(es) of Shares are different. Investors should check with the Eligible Distributor (in the case of tokenised Unlisted Class(es) of Shares) or distributor (if applicable, in the case of non-tokenised Unlisted Class(es) of Shares) for the applicable dealing procedures and timing.
- The Net Asset Value per Share of each of the tokenised Unlisted Class(es) of Shares and non-tokenised Unlisted Class(es) of Shares may be different due to the different fees (such as the management fee and tokenisation fee) applicable to each such class of Shares.
Global X ETFs, Citi and OSL Launch Hong Kong’s First Tokenized Covered Call ETF
Hong Kong, August 27, 2026 – Mirae Asset Global Investments (Hong Kong) Limited, together with Citi Investor Services (Citi) and OSL Group (HKEX:863) (“OSL”), today announced the launch of a tokenized unit class for the Global X HSCEI Covered Call Active ETF (3416) (the “Fund”), effective August 27, 2026, and open for subscription immediately.
This marks the first covered call ETF in Hong Kong to introduce a tokenized unit class, and represents a pioneering collaboration between Global X ETFs, Citi and OSL.
The tokenized unit class will be recorded and represented on a blockchain network through digital tokens (the “Tokens”), with each Token corresponding to one tokenized unit of the Fund. The new structure provides investors with the option to hold Fund units in tokenized form while enhancing operational efficiency and transparency.
As part of this collaboration, Citi continues to support Global X ETFs with trustee, custody, fund administration and ETF services with the addition of transfer agency on the tokenized unit class of the covered call ETF.
OSL supports the launch of the Fund’s tokenized unit class via its Securities and Futures Commission (SFC)-licensed virtual asset trading platform in Hong Kong, enabling both institutional and retail investors to participate through a regulated platform. (For details regarding the sales arrangements of the relevant product, investors should contact their distributor.) To power this, OSL leverages its institutional-grade platform, OSL Tokenworks, to manage the entire asset tokenization process, delivering faster settlement, improved transparency, and enhanced operational efficiency.
From Product Innovation to Infrastructure Innovation
The Global X HSCEI Covered Call Active ETF (3416) was listed on February 2024 and was the world’s first covered call ETF referencing the Hang Seng China Enterprises Index. which was also among the first batch of covered call ETFs launched in Hong Kong. Since its debut, the Fund has gained strong traction among local investors due to its income-generating characteristics.[1]
The introduction of a tokenized unit class represents the evolution of the Fund from strategy innovation to infrastructure innovation, further demonstrating Global X’s commitment to innovation and its support for the Hong Kong SAR Government’s policy direction of fostering the sustainable development of digital assets and financial technology.
The Fund’s tokenized unit class is available in both Hong Kong dollars and U.S. dollars and is designed as an income-focused ETF aiming to make monthly distributions. (Distributions are not guaranteed and may be paid out of capital.)
Dennis Fok, Co-Chief Executive Officer and Chief Investment Officer, ETF, Mirae Asset Global Investments (Hong Kong) Limited, said:
“Global X’s Covered Call strategy provides investors with a relatively stable source of income, while tokenization transforms the way investors hold and transact fund units. We are delighted to partner with Citi and OSL to bring Hong Kong’s first covered call ETF into the blockchain era and deliver a more efficient investment experience for investors.”
David Brown, Japan, Asia North and Australia Financial Institutions Sales Co-Head, Services at Citi, said:
“Citi is proud to collaborate with Global X ETFs and OSL on this milestone launch in Hong Kong, reflecting our shared commitment towards innovation and the development of local capital markets. The launch extends our long-standing partnership with Global X ETFs, with Citi now serving as transfer agent. This reflects the continued digitization of Citi’s global transfer agency platform, enabling fund tokenization as part of a broader suite of digital asset solutions across Citi’s Services business.”
Terrence Pu, Senior Vice President of OSL Exchanges, OSL Group, said:
“What tokenization changes is how efficiently fund income and units can be held, transferred and settled. Through our regulated platform, we are able to bring both institutional and retail investors into this structure with the same standards they would expect from traditional funds, while giving them the operational benefits of holding units on-chain. This collaboration also marks a step in diversifying OSL’s product offering, providing clients more flexibility in capital allocation and investment management”
For details of the Fund and its risk factors, please refer to the Fund’s Prospectus and Product Key Facts Statement available at:
https://www.globalxetfs.com.hk/
(This website has not been reviewed by the Securities and Futures Commission.)
About Mirae Asset Financial Group
Mirae Asset Global Investments (“Mirae Asset”) manages more than US$439 billion in assets.[2]
The firm offers a broad range of investment products, including mutual funds, exchange traded funds (ETFs), and alternative investments. Mirae Asset operates in 25 offices worldwide and employs more than 1,000 professionals, including over 265 investment specialists.[2]
Mirae Asset’s global ETF platform comprises more than 768 ETFs, providing investors with high-quality, cost-effective investment solutions across emerging themes and disruptive technologies. The firm manages approximately US$275 billion in ETF assets, with ETF listings across Australia, Brazil, Canada, Colombia, Hong Kong, India, Japan, Korea, Vietnam, Europe, and the United States.[2]
About Global X ETFs
Founded in 2008, Global X ETFs has, for more than a decade, been committed to providing investors with innovative and thoughtful investment solutions. The firm offers a lineup of 499 ETF strategies2 with over US$169.6 billion in assets under management.[2]
Global X is widely recognized for its thematic growth, income, and international market ETFs and is a member of the Mirae Asset Financial Group.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi
Mirae Asset Global Investments (Hong Kong) Website: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong Website: https://www.globalxetfs.com.hk/
Media Enquiries:
Mirae Asset Global Investments (Hong Kong) Limited
Tel: +852 3555 5888
Email: HK-Marketingteam@miraeasset.com.hk
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide.
For media inquiries, please contact: media@osl.com
[1] Mirae Asset; Hong Kong Exchanges and Clearing Limited (HKEX), February 28, 2024.
[2] Mirae Asset Global Investments, as of June 30, 2026.
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