Saturday, 29 January 2022

Hong Kong’s Favorite ETF Is Short the Whole Stock Market

Investors have been piling into a fund that makes money whenever Hong Kong stocks fall, as they rush to hedge against potential losses amid global uncertainties.

The CSOP Hang Seng Index Daily Inverse Product has attracted $292 million in 2019, the biggest inflow for any fund trading on the city’s exchange. But traders have yet to be rewarded for their caution, as the exchange-traded fund has lost almost 15 percent so far this year.

Check Also

Cryptocurrencies tumble amid China crackdown

REUTERS/Dado Ruvic/Illustration/File Photo TOKYO – Cryptocurrencies tumbled on Monday as China’s crackdown on bitcoin mining ...

Leave a Reply