CSOP to Launch Leveraged and Inverse Single-Stock ETFs in HK
CSOP Asset Management Ltd will launch Hong Kong’s first batch of leveraged and inverse exchange-traded fund products tracking single stocks overseas in a bid to tap local retail investors with riskier appetites.
The Hong Kong-based asset manager will release nine products Monday that use derivatives to offer two times the daily returns of Berkshire Hathaway Inc, Nvidia Corp, Tesla Inc, MicroStrategy Inc and Coinbase Global Inc, and two times inverse the daily performance of the latter four, the firm said.