Global X China Electric Vehicle and Battery ETF Selected for Citi Warrants Issuance

Citi Warrants has selected the Global X China Electric Vehicle and Battery ETF (2845 HKD) as the underlying ETF for its latest warrants launch.
The latest warrants are part of a small number of listed derivatives based on Hong Kong-listed ETFs available on the market.

September 27, 2021, Hong Kong – Mirae Asset Global Investments (Hong Kong) Limited (the “firm” or “Mirae Asset”) today announced that Citi Warrants (“Citi”) will launch warrants based on the Global X China Electric Vehicle and Battery ETF (stock code: 2845 HK) in Hong Kong.

In a first for the Hong Kong market, the Global X China Electric Vehicle and Battery ETF is the only non-broad based, thematic growth ETF to be linked to warrants.
The warrants, which use the Global X China Electric Vehicle and Battery ETF as their underlying asset, offer investors an alternative way to get exposure to the ETF. Launched in January 2020, the ETF enables investors to access high growth potential through companies critical to the development of electric vehicles and batteries in China. Recognized as one of Hong Kong’s best performing ETFs in terms of total return by Hong Kong Exchanges and Clearing Limited (HKEX) in 2020, the ETF saw its assets under management surpass US$1 billion in August 2021.¹

Jung Ho RHEE, Chief Executive Officer of Mirae Asset, said: “We are delighted that Citi Warrants has launched warrants based on the Global X China Electric Vehicle and Battery ETF. It amplifies the growing importance of diversification in Hong Kong’s ETF market.”

Guillaume BESSON, Head of Listed Structured Products, Citigroup Global Markets Asia, said: “Citi Warrants is delighted to be offering investors access to the buoyant Chinese electric vehicle market, and collaborating with Mirae Asset in providing educational content on the products.”

The Global X China Electric Vehicle and Battery ETF (2845 HKD/9845 USD) seeks to track the performance of the Solactive China Electric Vehicle and Battery Index and provides exposure to Chinese companies that are critical to the development of electric vehicles and batteries.

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