CSOP to launch world-first leveraged Kioxia product on HKEX on Tuesday
CSOP Asset Management will debut the CSOP Kioxia Daily Max (1.25x) Leveraged Product (7772) on the Hong Kong Stock Exchange on Tuesday. It is the world's first leveraged product tracking Kioxia, a Japanese chipmaker, giving investors daily targeted leveraged exposure to the company's ordinary shares
CSOP Asset Management will debut the CSOP Kioxia Daily Max (1.25x) Leveraged Product (7772) on the Hong Kong Stock Exchange on Tuesday, offering investors a new leveraged trading instrument to capture short-term opportunities in top artificial intelligence and memory companies, the company said.
As the world's first leveraged product tracking the performance of Kioxia, a Japanese chipmaker, it seeks to give investors exposure to the company, delivering investment returns, before fees and expenses, equivalent to its daily targeted leveraged performance of Kioxia's ordinary shares.
The product has a minimum trading unit of 100 and a management fee of 1.6 per cent.
Ding Chen, chief executive of CSOP Asset Management, said the company will continue rolling out more market-accessible investment products for investors with different risk appetites.