1653541554

Global X S&P 500 Daily (-1X) Inverse Product*

7322 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 S&P 500 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 S&P 500 Index (the “Index”) over that same period (e.g. the loss may be more than -1 times the increase in the Index).
  • The Product seeks to obtain the required exposure through one or more Swaps with different Swap Counterparties. The Product is therefore exposed to counterparty risk and default risk of the Swap Counterparties and may suffer significant losses if a swap counterparty fails to perform its obligations. Derivative instruments are subject to valuation risk and liquidity risk and are susceptible to price fluctuations and higher volatility, which may results in large bid and offer spreads with no active secondary market. The Product may suffer losses potentially equal to the full value of the derivatives.
  • The Product’s investments are concentrated in the United States. 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 ?

Inverse Exposure

Global X S&P 500 (-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.

Fund InformationAs of 24 May 2022

Fund Inception Date 05 Oct 2016
SEHK Listing Date 11 Oct 2016
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year 1.68%
Annual Average Daily Ongoing Charge 1 0.0067%
Management Fee 0.85%
Distribution Frequency The manager does not intend to pay or make any distributions or dividends.
Equity Exposure Swap-Based

Index Information 2 As of 24 May 2022

Underlying Index S&P 500 Price Return Index 3
Index Type Price Return
Base Currency USD
Closing Level 3,978.73
Change 37.25
Change % 0.95%

Product Objective

The investment objective of the Product is to provide investment results that, before fees and expenses, closely correspond to the inverse (-1x) Daily performance of the S&P 500 Index (net of swap fees).

Trading InformationAs of 24 May 2022

Exchange Hong Kong Stock Exchange
Stock Code 7322
ISIN HK0000305430
Board Lot Size 100 Units
Trading Currency HKD
Total Net Asset Value $6,278,337.43
Oustanding Units 7,250,000

Appropriation

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

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

HKD USD
12:00pm 6.8328 0.8704
01:05pm 6.8328 0.8704

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

Daily NAV per Unit5As of 24 May 2022

NAV Change % Change
Official NAV per Unit in USD $0.87 $0.01 0.85%
NAV per Unit in HKD6 $6.80 $0.06 0.85%

Performance As of 24 May 2022


Cumulative Return Product (%) Benchmark (%)
1 Mth 7.77 -7.73
3 Mths 6.41 -8.10
6 Mths 14.72 -16.16
1 Yr 0.29 -6.09
YTD 16.70 -17.30
Since Inception -56.70 82.50
Calendar Year Return Product (%) Benchmark (%)
2021 -24.19 -22.57
2020 -19.96 16.26
2019 -24.16 28.88
2018 3.83 -6.24
2017 -17.66 19.42
2016^ -5.68 3.66
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 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 USD 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.
• The Index of the Product is S&P 500 Price Return Index.
• Fund launch date: 5 Oct 2016

Holdings Overview As of 24 May 2022

Total Net Asset Value (in USD) Total Net Asset Value (in HKD) Number of Securities Deposit (%) Cash and Cash Equivalent (%)
6,278,337.43 49,283,693.16 1 17.68 82.32

Deposits and Cash Equivalent

% of Net Assets Weight (%)
Deposit 17.68
Deposits and Cash Equivalent 82.32

Daily HoldingsAs of 24 May 2022

Gross Exposure % Net Exposure % Swap Counterparty Swap Exposure Market Value (in USD)
-103.22% 0.84% BNP Paribas SA Paris SPTR INDEX -$6,480,216.60
Total Swap Contract Exposure*: -103.22%
*Total Swap Contract Exposure = Market Value of Swap Contracts / Total Net Asset Value
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.
For more information on the counterparties, please visit the company websites of BNP Paribas (https://group.bnpparibas/en/).
20220524.85010.812079270210763941.48

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:11 Oct 2016

Rolling 1 year actual average daily TD: -0.01%

Actual average daily TD for the calendar 2021:-0.01%

Actual average daily TD for the calendar 2020:0.02%

Actual average daily TD for the calendar 2019:0.00%

Actual average daily TD for the calendar 2018:0.00%

Actual average daily TD for the calendar 2017:0.00%


Tracking Error (TE)

Product Listing Date:11 Oct 2016

Rolling 1 Year TE^ :1.49%

^ 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.

Hover over the chart points for details

Actual Daily Tracking Difference

Investment Returns Simulator

Investment Period Start Date
Investment Period End Date

Results

Global X S&P 500 Daily (-1X) Inverse Product* 0.00 %
S&P 500 Price Return Index 0.00 %
Inverse (-1x) of S&P 500 Price Return Index 0.00 %

Show

*Global X S&P 500 Daily (-1x) Inverse Product is a synthetic product.

Market Makers 7

BNP Paribas Securities (Asia) Limited

Flow Traders Hong Kong Limited

Mirae Asset Securities Co., Ltd.

Participating Dealers 8

ABN AMRO Clearing Hong Kong Limited

BNP Paribas Securities Services

China Merchants Securities (HK) Company Limited

CIMB Securities Ltd

Guotai Junan Securities (Hong Kong) Limited

Haitong International Securities Company Limited

KGI Securities (Hong Kong) 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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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 informational purposes only and does not constitute a representation that any investment strategy is suitable or appropriate for an investor’s individual circumstances. In 2018, Global X was acquired by Mirae Asset Global Investments and Mirae Asset Global Investments Co., Ltd. is the parent 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.