Global X Hang Seng Index Daily (2x) Leveraged Product

7231 HKD

Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including the product features and the risk factors. Global X Hang Seng Index Daily (2x) Leveraged Product (the “Product”) is a leveraged product. Investment involves risks. There is no guarantee of the repayment of principal. Investor should note:

  • The Product is not intended for holding longer than one day as the performance of the Product over a period longer than one day will very likely differ in amount and possibly direction from the leveraged performance of Hang Seng Index (the “Index”) over that same period (e.g. the loss may be more than twice the fall in the Index).
  • The Product is a futures based product. Investment in futures contracts involves specific risks such as high volatility, leverage, rollover and margin risks. The leverage component of futures contracts can result in a loss significantly greater than the amount invested in the futures contracts by the Product.
  • To the extent that the Index constituents concentrates in Hong Kong listed securities (including H-shares and red chip shares) of a particular sector or market, the investment of the Product may be similarly concentrated. The value of the Product may be more volatile than that of a fund having a more diverse portfolio of investments.
  • The trading price of the Fund’s unit (the “Unit”) on the Stock Exchange of Hong Kong is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund’s net asset value.

Why Invest ?


Leveraged Exposure

Global X Hang Seng Index Daily (2x) Leveraged Product magnifies the daily return of the index, potentially increasing the returns of a portfolio during periods of market growth.

ETF Efficiency

In a single trade, the product enables investors to gain a leveraged exposure to the index without increasing capital investment.

Fund InformationAs of 25 May 2022

Fund Inception Date 10 Mar 2017
SEHK Listing Date 14 Mar 2017
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year 1.87%
Annual Average Daily Ongoing Charge 1 0.0075%
Management Fee 0.65%
Distribution Frequency The manager does not intend to pay or make any distributions or dividends.
Equity Exposure Futures-Based

Index Information 2 As of 25 May 2022

Underlying Index Hang Seng Index 3
Index Type Price Return
Base Currency HKD
Closing Level 20,171.27
Change 59.17
Change % 0.29%

Product Objective

The Product is a futures-based product which invests directly in futures contracts on the Index traded on The Hong Kong Futures Exchange Limited (the "HKFE") and is closely correspond to twice (2x) the Daily performance of Hang Seng Index (the “Index”). It is different from conventional exchange traded funds as it seeks leveraged investment results relative to the Index and only on a Daily basis.

Trading InformationAs of 25 May 2022

Exchange Hong Kong Stock Exchange
Stock Code 7231
ISIN HK0000323144
Board Lot Size 100 Units
Trading Currency HKD
Total Net Asset Value $48,091,101.50
Oustanding Units 9,400,000


Leverage Daily 2x
Actively Managed No
Swaps No
Derivatives Yes
Securities Lending No

Near Real Time Estimated NAV per Unit4 As of 26 May 2022

12:00pm 5.1287
01:26pm 5.0676

* Market prices are provided on a 15-minute delayed basis by ICE Data Services. (See terms and conditions)

Daily NAV per Unit5As of 25 May 2022

NAV Change % Change
Official NAV per Unit in HKD $5.12 $0.00 0.06%

Performance As of 25 May 2022

Cumulative Return Product (%) Benchmark (%)
1 Mth 3.27 1.52
3 Mths -23.12 -11.40
6 Mths -35.65 -18.47
1 Yr -52.73 -30.23
YTD -28.30 -13.79
Since Inception -31.79 -14.41
Calendar Year Return Product (%) Benchmark (%)
2021 -25.93 -29.07
2020 -9.51 -3.40
2019 18.80 9.07
2018 -26.11 -13.61
2017^ 61.72 26.94
2016 - -
2015 - -
2014 - -
2013 - -
2012 - -
2011 - -
2010 - -
^ Since listing date to the end of the calendar year.
Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of the performance is based on the calendar year end, NAV-to-NAV, without dividend reinvested.
• The graph shows how much the Leveraged Product and the underlying index increased or decreased in value during the calendar year being shown.
• Performance of the Leveraged Product has been calculated in HKD taking into account ongoing charges and excluding your trading costs on SEHK.
• The Leveraged Product seeks to achieve its stated investment objective in one day and rebalances at the end of the day. That is, the performance of the Leveraged Product may not correspond to two times the return of the underlying index over a one-year period or any period beyond one day. Investors should refer to the Prospectus of the Leveraged Product for more information about the differences between the performance of the Leveraged Product and two times the return of the underlying index over a period longer than one day.
• Where no past performance is shown there was insufficient data available in that year to provide performance.
• The Index of the Product is Hang Seng Index.
• Fund launch date: 10 Mar 2017

Holdings Overview As of 25 May 2022

Total Net Asset Value (in HKD) Number of Securities Deposit (%) Cash and Cash Equivalent (%)
48,091,101.50 1 24.11 75.89

Daily HoldingsAs of 25 May 2022

Name of Contract Exchange Ticker Market Price (in HKD) Number of Contracts Market Value (in HKD) Futures Contract Exposure (%)
HANG SENG 0522 HIK2 1,006,050.00 95 95,574,750.00 198.74
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Tracking Difference / Error

Tracking Difference / Tracking Error

Daily Tracking Difference
Daily tracking difference is the return difference the daily return of an leveraged product and the 2x daily performance of the underlying index.
Tracking Error
Tracking error measures how consistently the leveraged product delivers the 2x daily performance of the Underlying Index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference (TD)

Product Listing Date:14 Mar 2017

Rolling 1 year actual average daily TD: 0.01%

Actual average daily TD for the calendar 2021:0.02%

Actual average daily TD for the calendar 2020:0.02%

Actual average daily TD for the calendar 2019:0.01%

Actual average daily TD for the calendar 2018:0.01%

Tracking Error (TE)

Product Listing Date:14 Mar 2017

Rolling 1 Year TE^ :6.64%

^ TE is measured by the standard deviation of the Daily TD. The standard derivation is calculated based on the Daily TD over the rolling one year period.

Daily Return of the Leveraged Product and the 2x Daily Performance of the Underlying Index

ETFs performance is calculated on an NAV to NAV basis without any reinvestment of distribution.

Hover over the chart points for details

Actual Daily Tracking Difference

Investment Returns Simulator

Investment Period Start Date
Investment Period End Date


Global X Hang Seng Index Daily (2x) Leveraged Product 0.00 %
Hang Seng Index 0.00 %
Leveraged of Hang Seng Index 0.00 %


Market Makers 6

Flow Traders Hong Kong Limited

Head & Shoulders Securities Limited

IMC Asia Pacific Limited

Vivienne Court Trading Pty. Ltd

Mirae Asset Securities Co., Ltd.

Participating Dealers 7

ABN AMRO Clearing Hong Kong Limited

BNP Paribas Securities Services

China Merchants Securities (HK) Company Limited

Goldman Sachs (Asia) Securities Limited

Guotai Junan Securities (Hong Kong) Limited

Haitong International Securities Company Limited

Merrill Lynch Far East Limited

Mirae Asset Securities (HK) Limited

Yue Kun Research Limited

Citigroup Global Markets Asia Limited

Key Documents

Monthly Returns

Announcements / Notices

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The information contained in this website is for information purposes only and does not, constitute any recommendations, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance.

Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments.

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”), the Manager of the Product, has, to the best of its endeavor, ensured that such, information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for, any loss or damage of any kind resulting out of the unauthorized use of this website.

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