KUALA LUMPUR, May 15 -- The CSOP NASDAQ-100 Index Daily (2x) Leveraged Product (stock code: 7266.HK) will be listed today on the Hong Kong Stock Exchange to pair with CSOP NASDAQ-100 Index Daily (-2x) Inverse Product (stock code: 7568.HK).
According to a statement, this will help investors to capture the United States (US) stocks’ two-way movement and seize investment opportunities brought by intensifying market volatility.
The listing price of 7266.HK is around HKD 8 per share with a trading lot of 100, and the entry investment is approximately HKD 800. (HKD 1 = RM0.56)
7266.HK aims to provide two times return of the daily performance of the NASDAQ-100 Index (before fees and expenses) by investing in the E-Mini NASDAQ-100 Futures.
Because of the nearly 24-hour tradability of the E-mini NASDAQ-100 Index Futures, the price of 7266.HK will move dynamically during the Hong Kong trading hours despite the trading time difference between the Hong Kong and US stock markets, which may induce price insensitivity.
In the current volatile market circumstances, 7266.HK has attracted an initial investment of US$5 million before listing. (US$1 = RM4.343)
The Nasdaq-100 is known as one of the world’s pre-eminent large-cap growth index. It includes 100 of the largest US and international non-financial companies listed on the Nasdaq Stock Market based on market capitalisation.
Featuring the world's most innovative and prestigious technology companies, the Nasdaq-100 index is universally deemed to define modern day industrials.
CSOP Asset Management, Head of Sales and Product Strategy, Melody He said: “Having successfully launched 7568.HK to help investors hedge the downward risks of Nasdaq-100 index in 2019 September, CSOP brought the 7266.HK to enable investors to deploy their trading strategies in a more diverse way, especially under the current marketing situation with intensifying volatility.”
-- BERNAMA
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