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

7322 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 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 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 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).

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.

Near Real Time Estimated NAV per Unit 1

HKD USD
-- $ -- $ --
-- $ -- $ --

Daily NAV per Unit 3As of 13 Aug 2020

NAV Change % Change
Official NAV per Unit in USD $1.11 $0.00 0.18%
NAV per Unit in HKD $8.57 $0.02 0.18%

Performance As of 13 Aug 2020


Returns

Product Benchmark
1Mo -6.53% 6.92%
3Mo -17.32% 19.63%
6Mo -5.59% -0.02%
1Yr -19.07% 15.28%
YTD -9.59% 4.42%
Since Inception -44.72% 56.20%

Past Performance

Product Benchmark
2019 -24.2% -24.2%
2018 3.8% 3.8%
2017 -17.7% -17.7%
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 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 benchmark of the Fund is S&P 500 Price Return Index.
• Fund launch date: 5 Oct 2016

Fund Details As of 13 Aug 2020

Fund Information

Fund Inception Date 05 Oct 2016
SEHK Listing Date 11 Oct 2016
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year 7 1.68%
Annual Average Daily Ongoing Charge 7 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 4

Underlying Index S&P 500 Price Return Index
Index Type Price Return
Base Currency USD
Closing Level 3,380.35
Change 46.66
Change % 1.40%

Trading Information

Exchange Hong Kong Stock Exchange
Stock Code 7322
ISIN HK0000305430
Board Lot Size 100 Units
Trading Currency HKD
Total Net Asset Value $6,910,777.11
Oustanding Units 6,250,000

Appropriation

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

Market Makers5

  • BNP Paribas Securities (Asia) Limited
  • SG Securities (HK) Limited

Participating dealers 6

  • 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

Holdings Overview

As of 13 Aug 2020
Total Net Asset Value (in USD) Total Net Asset Value (in HKD) Number of Securities Deposit (%) Cash and Cash Equivalent (%)
$6,910,777.11$53,561,286.91 1 11.63 88.37

Daily Holdings

As of 13 Aug 2020
Gross Exposure % Net Exposure % Swap Counterparty Swap Exposure Market Value (in USD)
-100.21% 0.18% BNP Paribas SA Paris SPTR INDEX -$6,924,960.00
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:11 Oct 2016

Rolling 1 year actual average daily TD: -0.01%

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.


Actual Daily Tracking Difference

Show

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.
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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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