CSOP Asset Management Limited to list products on HKEX

Capitalize on short term fluctuations while technology thrives (Photo: Business Wire)

KUALA LUMPUR, Dec 9 -- Building on the phenomenal success achieved by its CSOP Hang Seng TECH Index ETF (ticker: 3033.hk), CSOP Asset Management Limited (CSOP) continues to bring a pair of Hang Seng TECH index-tracking products on Hong Kong Stock Exchange.

The products are namely, CSOP Hang Seng TECH Index daily (2X) leveraged product (ticker: 7226.hk) and CSOP Hang Seng Tech Index daily (-2x) inverse product (ticker:7552.hk), according to a statement.

With listing price at around HKD 7.75 per unit of 7226.hk and 7552.hk, trading lot of 100 and management fee of 1.60 per cent, CSOP Hang Seng TECH Index leveraged and inverse products will start to trade on Dec 10.

Upon list, 7226.hk and 7552.hk received US$14 million, HKD110 million equivalent initial investment, respectively. (US$1 = RM4.068)

In light of more and more Chinese technology giants choosing Hong Kong as the secondary listing place, the Hang Seng TECH Index was launched on July 27 this year to track the 30 largest technology companies listed in Hong Kong.

Designed as one of the flagship indices of Hang Seng Indexes Company Limited, the index consists of Hong Kong-listed companies that have high business exposure to selected technology themes, including internet, FinTech, cloud, e-commerce and digital activities.

As a leading ETF manager in Hong Kong, CSOP has already dedicated to providing ETFs/ETPs to global investors for eight years with half of the top traded ETFs/ETPs in Hong Kong from CSOP.

-- BERNAMA