Hang Seng Indexes has licensed the HSCEI Short Index and the HSCEI Leveraged Index to Fubon Asset Management Company for the creation of two ETFs, listed on the Taiwan Stock Exchange.
The HSCEI Short Index aims to provide the reverse daily return of the underlying Hang Seng China Enterprises Index while taking interest income, dividends payable in
shorting stocks and stamp duty entailed in portfolio rebalancing into account. The HSCEI Leveraged Index aims to deliver the doubled daily return of the underlying HSCEI while taking interest expenses and stamp duty into consideration.
The HSCEI Short and Leveraged Indexes were created in view of growing demand for indexes with customised investment strategies. The new ETFs will bring the number of ETFs linked to indexes in the Hang Seng family of indexes to 43 – with listings on 17 different stock exchanges across the world.
As at 30 June 2016, assets under management in ETFs linked to indexes in the Hang Seng family of indexes had reached a total of more than USD25 billion.
