CSOP announces listing of O&G leveraged and inverse products on HKEX

CSOP Asset Management Ltd (CSOP) has announced the listing of its CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product and CSOP US Large Oil & Gas Companies Daily (-2X) Inverse Product on the Hong Kong Stock Exchange (HKEX).

It said the two products aimed to help investors capture shortterm investment opportunities brought by the high volatility of oil and gas (O&G) companies.

“The two products provide investment results closely corresponding to leveraged (2x) daily performance and inverse (-2x) daily performance of Solactive US Large Oil & Gas Companies Index NTR, respectively,” the asset manager said in a statement.

CSOP said the leveraged product and inverse product, with listing prices at around

HK$7.75 per unit, trading lot of 100 and management fee of 1.60 per cent, have received US$5 million and US$5 million initial investment, respectively. (RM1=HK$1.71, US$1=RM4.57)

“Since the first leveraged & inversed (L&I) product listed in 2016, Hong Kong’s L&I market has seen a continuous growth to HK$14.39 billion in size and HK$2.54 billion of average daily turnover as of the end of October 2022,” it said.

CSOP chief executive officer Ding Chen said the two O&G leveraged and inverse products are excellent trading tools that could help investors take advantage of the US O&G sector amid the volatile market.

CSOP was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. — Bernama