Global X Hang Seng China Enterprises Index Daily (-1x) Inverse Product

7362 HKD

Important Information

Investors should not base on this document alone to make investment decision. Please refer to the Prospectus for details including the product features and the risk factors. Global X Hang Seng China Enterprises Index Daily (-1x) Inverse Product (the “Product”) is an inverse 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 inverse performance of Hang Seng China Enterprises Index (the “Index”) over that same period (e.g. the loss may be more than -1 times the increase 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 inverse component of futures contracts can result in a loss significantly greater than the amount invested in the futures contracts by the Product.
  • The Product is subject to concentration risk as a result of tracking the performance of a single geographical region i.e. the PRC. 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 Unit on the SEHK is driven by market factors such as demand and supply of the Unit. Therefore, the Units may be trade at a substantial premium or discount to the Sub-Fund’s net asset value.

Fund 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 "HKEF") and is closely correspond to inverse (-1x) the Daily performance of Hang Seng China Enterprises Index (the “Index”). It is different from conventional exchange traded funds as it seeks inverse investment results relative to the Index and only on a Daily basis.

Why Invest ?

Inverse Exposure

Global X Hang Seng China Enterprises Index Daily (-1x) Inverse Product moves in the opposite direction of the index on a daily basis, potentially reducing a portfolio’s downside risk during market declines or periods of volatility.

ETF Efficiency

In a single trade, the product enables investors to create a short position in the index without the need for a futures account.

Near Real Time Estimated NAV per Unit 1

HKD
-- $ --
-- $ --

Daily NAV per Unit 3As of 13 Aug 2020

NAV Change % Change
Official NAV per Unit in HKD $5.68 $0.00 -0.01%

Performance As of 13 Aug 2020


Returns

Product Benchmark
1Mo 3.03% -3.13%
3Mo -8.23% 4.16%
6Mo -2.43% -5.45%
1Yr -12.59% 4.04%
YTD 0.23% -8.27%
Since Inception -24.22% 1.74%

Past Performance

Product Benchmark
2019 -14.9% -14.9%
2018 7.1% 7.1%
2017 - -
2016 - -
2015 - -
2014 - -
2013 - -
2012 - -
2011 - -
2010 - -

Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information of the Inverse Product is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of performance of the Inverse Product is based on NAV to NAV, without any reinvestment of distributions.
• The graph shows how much the Inverse Product and the underlying index increased or decreased in value during the calendar year being shown.
• Performance of the Inverse Product has been calculated in HKD taking into account ongoing charges and excluding your trading costs on SEHK.
• The Inverse 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 Inverse Product may not correspond to the opposite return of the underlying index over a one-year period or any period beyond one day. Investors should refer to the Prospectus of the Inverse Product for more information about the differences between the performance of the Inverse Product and the opposite 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.
• Fund launch date: 10 Mar 2017

Fund Details As of 13 Aug 2020

Fund Information

Fund Inception Date 10 Mar 2017
SEHK Listing Date 14 Mar 2017
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year 4 2.80%
Annual Average Daily Ongoing Charge 5 0.0112%
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 6

Underlying Index Hang Seng China Enterprises Index
Index Type Price Return
Base Currency HKD
Closing Level 10,244.60
Change 28.69
Change % 0.28%

Trading Information

Exchange Hong Kong Stock Exchange
Stock Code 7362
ISIN HK0000323151
Board Lot Size 100 Units
Trading Currency HKD
Total Net Asset Value $28,418,917.07
Oustanding Units 5,000,000

Appropriation

Leverage Daily -1x
Actively Managed No
Swaps No
Derivatives Yes
Securities Lending No

Market Makers7

  • Flow Traders Hong Kong Limited
  • Head & Shoulders Securities Limited
  • IMC Asia Pacific Limited
  • SG Securities (HK) Limited

Participating dealers 8

  • 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

Holdings Overview

As of 13 Aug 2020
Total Net Asset Value (in HKD) Number of Securities Deposit (%) Cash and Cash Equivalent (%)
$28,418,917.07 1 37.09 62.91

Daily Holdings

As of 13 Aug 2020
Name of Contract Exchange Ticker Market Price (in HKD) Number of Contracts Market Value (in HKD) Futures Contract Exposure (%)
HSCEI FT 0820 HCQ0 $510,000.00 -55 $-28,050,000.00 -98.70%
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 difference between the daily return of an Inverse Product and the daily opposite return of the underlying index.
Tracking Error
* Tracking error measures how consistently an Inverse Product delivers the opposite return of the underlying index. It is the volatility (measured by standard deviation) of that daily 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 2019:-0.02%

Actual average daily TD for the calendar 2018:-0.01%


Tracking Error (TE)

Product Listing Date:14 Mar 2017

Rolling 1 Year TE^ :3.63%

^ 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 Inverse Product and the Daily Opposite Return of the Underlying Index

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


Actual Daily Tracking Difference

Show

Investment Returns Simulator

Investment Period Start Date
Investment Period End Date

Results

Global X Hang Seng China Enterprises Index Daily (-1x) Inverse Product 0.00 %
Hang Seng China Enterprises Index (HSCEI) 0.00 %
Inverse (-1x) of Hang Seng China Enterprises Index (HSCEI) 0.00 %

Show

Back to Top

This website is intended for Hong Kong investors only. Your use of this website means you agree to our Terms of use. This website is strictly for information purposes only and does not constitute a representation that any investment strategy is suitable or appropriate for an investor’s individual circumstances. Global X was acquired by Mirae Asset Global Investments and Mirae Asset Global Investments is the holding company of Mirae Asset Global Investments (Hong Kong) Limited.

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.

The Products are not sponsored, endorsed, issued, sold or promoted by their index providers. For details of an index provider including any disclaimer, please refer to the relevant Product’s offering documents.

The contents of this website is prepared and maintained by Mirae Asset Global Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.