Hong Kong Exchange Lists 2 Covered Call ETFs Tracking HSI & HSCEI Issued by Mirae Asset Global Investments, Covered Call Option Generates Additional I
29th February 2024 | Hong Kong
The Hong Kong Exchange (HKEX) has listed the first-ever covered call ETFs (Exchange-traded funds) with 2 covered call ETFs tracking HSI (Hang Seng Index) & HSCEI (Hang Seng China Enterprises Index) issued by Mirae Asset Global Investments (29/2/24), with the covered call option generating additional income known as option premium by selling a call option of a security or asset held by the investor. The 2 new ETFs listed on Hong Kong Exchange are Global X HSI Components Covered Call Active ETF and Global X HSCEI Components Covered Call Active ETF. Announcement: “Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Thursday) Hong Kong’s first-ever listings of Covered Call ETFs, further expanding its product ecosystem by offering Hong Kong and international investors with even more choice and opportunity. The two new ETFs listed today – Global X HSI Components Covered Call Active ETF (Stock code: 3419) and Global X HSCEI Components Covered Call Active ETF (Stock code: 3416), both issued by Mirae Asset Global Investments (Hong Kong) Limited, primarily invest in constituent equity securities in the Hang Seng Index and the Hang Seng China Enterprises Index respectively. A covered call is a strategy where an investor sells call options on an asset they already own, generating income in the form of a premium. This allows investors to benefit from potential asset appreciation up to the strike price, and during times of volatility, the options premiums can provide downside protection to investors. Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), are one of the fastest-growing segments in HKEX’s markets, with sustained growth momentum and a diversifying product ecosystem. Average daily turnover in the ETP market reached an all-time high of $14 billion in 2023, up 17 per cent from a year earlier. Last November, Hong Kong welcomed the first Saudi Arabian ETF in Asia Pacific, which was also the world’s largest Saudi ETF with over $8 billion in asset under management, or AUM. In addition, the inclusion of ETFs in Stock Connect has further boosted the continued resilience of Hong Kong’s ETP market since its introduction in July 2022, with the average daily turnover of Southbound ETFs under Stock Connect accounting for 11 per cent of Hong Kong’s ETF market in 2023. Further information about Hong Kong-listed ETPs is available on the HKEX website.”
“ Hong Kong Exchange Lists 2 Covered Call ETFs Tracking HSI & HSCEI Issued by Mirae Asset Global Investments, Covered Call Option Generates Additional Income Known Option Premium by Selling a Call Option of a Security or Asset Held by the Investor, 2 New ETFs are Global X HSI Components Covered Call Active ETF & Global X HSCEI Components Covered Call Active ETF “
- Article continues below - Quick Links, Ads & Announcements Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle Sign Up Basic Member: $5 Monthly | $60 Yearly Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680) The 2024 Investment Day 6th March Hong Kong | 13th March Singapore Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore. Visit | Register here The 2024 Family Office Summit10th April Hong Kong | 24th April Singapore Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2024 Family Office Summit | Register here
HKEX Head of Equities Product Development, Brian Roberts: “The two Covered Call ETFs listing today, the first of their kind in Hong Kong, are great additions to our diverse lineup of Exchange Traded Products. The use of covered calls is an increasingly popular investment strategy as investors look to diversify beyond traditional products, navigate potentially volatile markets and hedge downside risk. This type of strategy typically requires a level of expertise and involves active trading. However, an ETF that incorporates a covered call strategy can help investors save time, generate passive income, and remove the complexity of managing downside risks on their own. We look forward to welcoming more of these and other ETFs to our markets in the coming months ahead.”
Hong Kong Exchange Lists 2 Covered Call ETFs Tracking HSI & HSCEI Issued by Mirae Asset Global Investments, Covered Call Option Generates Additional Income Known Option Premium by Selling a Call Option of a Security or Asset Held by the Investor, 2 New ETFs are Global X HSI Components Covered Call Active ETF & Global X HSCEI Components Covered Call Active ETF Hong Kong Exchange
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
Managing $20 million to $3 billion. Investing $3 million to $300 million. For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm. Join Events & Find Services Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services. Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected] Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle 2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM For Investors | Professionals | Executives Latest data, reports, insights, news, events & programs Everyday at 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success Register Below For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Sign Up / Register You are:
InvestorProfessionalFamily OfficeExecutive
Select:
SubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Country
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Professional Investor
- Family Office
- HNW Partnership
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The Family Office Summit
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.