The CSOP KOSPI 200 Covered Call Active ETF has listed on the Hong Kong Stock Exchange.
The fund seeks to achieve its investment objective by primarily (i) using a synthetic representative sampling strategy to obtain an exposure to the KOSPI 200 Index through KOSPI 200 futures; and (ii) selling call options on the KOSPI 200 Index to receive call options premium. 3537.HK has a listing price of around HKD7.8 per unit, trading unit of 100, and management fee of 0.99 per cent.
The firm writes that option premiums tend to increase with market volatility. Amid elevated annualised volatility of 60.1 per cent in the KOSPI 200 Index, the KOSPI 200 Index covered call strategy delivered a strong return of 25.4 per cent YTD in 2026. In parallel, global quarterly net inflows into KOSPI 200 Index Covered Call ETFs accelerated, reaching around KRW2 trillion (around HKD10.5 billion) in 2026 Q1, reflecting growing investor interest in the strategy.
CSOP KOSPI 200 Covered Call Active ETF (3537.HK) aims to provide monthly distributions primarily through the collection of option premiums, offering an income-oriented solution for investors seeking potential yield enhancement. By generating option premium income, the strategy may provide a partial buffer during market downturns compared with holding the KOSPI 200 Index alone.
The firm writes: “At CSOP Asset Management, our USD34.8 billion (around HKD272.8 billion) in derivatives exposure reflects our extensive derivatives management capabilities. 3537.HK offers investors professionally managed access to a covered call strategy, without the complexity of managing options positions themselves.”
A covered call strategy is an options trading strategy that involves holding a long position in a particular asset (for example, a stock, a commodity, a bond, a currency, or an index) while simultaneously writing call options on the same asset, the firm explains.
“Covered call strategies have been gaining strong traction in the increasingly competitive global ETF market. In Hong Kong, covered call ETFs have recorded robust net inflows of HKD22.6 billion so far this year, underscoring growing investor demand for income-enhancing strategies. CSOP HSCEI Covered Call Active ETF (2802.HK) has also benefited from this momentum, attracting HKD10.3 billion, the highest in the category.”
Ms. Ding Chen, CEO of CSOP, says: “Building on the success of CSOP HSCEI Covered Call Active ETF (2802.HK), which has amassed an AUM of HKD9.1 billion within just a few months, we are proud to introduce CSOP KOSPI 200 Covered Call Active ETF (3537.HK). This ETF provides investors with another income-oriented solution that aims to deliver monthly distributions and enhance portfolio resilience amid volatility in the Korean market.”
