指數免責聲明

投資涉及風險,包括可能損失本金。投資新興市場涉及其他風險,例如較高的市場波幅及較低的交易成交量,因此可能需要承受比投資成熟市場更易受損失的風險。請於投資前仔細考慮基金的投資目標、風險因素, 以及費用和支出。這些和其他數據記載於有關基金章程內,請於投資前仔細閱覽基金章程。華夏基金並非由指數供應商(只適用於ETF和指數基金)營辦、贊許、發行、銷售或推廣。有關指數供應商的詳情(包括任何免責聲明),請參閱相關華夏基金的發售文件。

資料來源:基金表現和指數數據(如適用)分別由華夏基金和相關指數供應商提供。
本網站由華夏基金(香港)有限公司編制,並未經證券及期貨事務監察委員會審閱。

中證指數免責聲明

滬深300指數(“指數”)的所有權利歸屬於中證指數有限公司(“中證”)。“CSI 300®”是中證的註冊商標。中證對於指數相關資料的準確性和完整性不作任何明示或暗示的擔保。中證不因指數的任何錯誤對任何人承擔責任(無論是否存在過失),亦無責任就指數的任何錯誤告知任何人。中證對於跟蹤指數的基金不作任何擔保、背書、銷售或推廣,中證不承擔與此相關的任何責任。

彭博巴克萊指數免責聲明

彭博®是彭博財經有限合夥企業及其關聯方(統稱“彭博”)的商標和服務標記。巴克萊®是巴克萊銀行(及其關聯方,統稱“巴克萊”)的商標和服務標記,須授權許可方能使用。彭博或彭博的許可人,包括巴克萊,擁有彭博巴克萊指數的所有專屬權利。彭博和巴克萊均非華夏基金(香港)有限公司的關聯方,也沒有批准、背書、評論或推薦華夏彭博巴克萊中國國債+政策性銀行債券指數ETF。彭博和巴克萊不保證任何與彭博巴克萊中國國債及政策性銀行債券指數有關的數據或信息的時效性、準確性或完整性,也不對華夏基金(香港)有限公司、華夏彭博巴克萊中國國債+政策性銀行債券指數ETF的投資者或其它第三方使用彭博巴克萊中國國債+政策性銀行指數或其包含的任何數據或其準確性承擔任何責任。

MSCI指數免責聲明

本基金並非由MSCI保薦、擔保或推介,且就任何此類基金MSCI不承擔任何責任。招股書中包含對MSCI和華夏基金(香港)管理有限公司之間有限關係的更詳細描述。投資涉及風險。投資者應該在投資前細閱發行章程及產品資料概要以便獲得進一步的資料(包括其風險因素)。

NASDAQ 100指數

產品並非由The NASDAQ OMX Group, Inc.或其聯屬人士(The NASDAQ OMX Group, Inc.連同其聯屬人士稱為「NASDAQ OMX」)贊助、認可、銷售或推廣。NASDAQ OMX並無審核產品是否合法或適合,或有關產品的說明及披露資料是否準確或充足。NASDAQ OMX並無就整體投資於證券或特別投資於產品是否可取,或NASDAQ 100指數(「指數」)是否能夠跟蹤整體股票市場表現而向產品股份的擁有人或任何公眾人士作出任何明示或默示的聲明或保證。NASDAQ OMX與產品及華夏基金的唯一關係為許可NASDAQ OMX的若干商標及商號以及由NASDAQ OMX在並無計及華夏基金或產品情況下釐定、編製及計算的指數。NASDAQ OMX在釐定、編製或計算指數時並無義務考慮華夏基金或其聯屬人士或產品股份擁有人的需要。NASDAQ OMX不負責亦未參與釐定產品股份的價格及數額,或發行或出售有關股份的時間,或釐定或計算產品股份轉換為現金的等式。NASDAQ OMX並無有關產品管理、營銷或買賣的義務或責任。

NASDAQ OMX不保證指數或當中所包含任何數據的準確性及╱或計算不受干擾。NASDAQ OMX不對信託代表產品作為被許可人、被許可人的客戶及對手方、產品股份擁有人或任何其他人士或實體因就本文件所述獲許可權利或任何其他用途使用標的指數或當中所包含任何數據取得的結果作出任何明示或默示的保證。NASDAQ OMX不對指數或當中所包含任何數據就特定目的或用途而言的適銷性或適當性作出任何明示或默示的保證並特此明確表示不承擔任何責任。在不影響前述任何一項的情況下,NASDAQ OMX在任何情況下概不對任何直接、間接、特別、懲罰性、間接或任何其他損害(包括利潤損失)承擔任何責任(即使獲通知可能發生有關損害)。彭博巴克萊指數免責聲明彭博®是彭博財經有限合夥企業及其關聯方(統稱“彭博”)的商標和服務標記。巴克萊是巴克萊銀行(及其關聯方,統稱“巴克萊”)的商標和服務標記,須授權許可方能使用。彭博或彭博的許可人,包括巴克萊,擁有彭博巴克萊指數的所有專屬權利。彭博和巴克萊均非華夏基金(香港)有限公司的關聯方,也沒有批准、背書、評論或推薦華夏彭博巴克萊中國國債+政策性銀行債券指數ETF。彭博和巴克萊不保證任何與彭博巴克萊中國國債及政策性銀行債券指數有關的數據或信息的時效性、準確性或完整性,也不對華夏基金(香港)有限公司、華夏彭博巴克萊中國國債+政策性銀行債券指數ETF的投資者或其它第三方使用彭博巴克萊中國國債+政策性銀行指數或其包含的任何數據或其準確性承擔任何責任。

恒生指數公司免責聲明

恒生指數,恒生港股通小型股指數及恒生科技指數(“該指數”)由恒生資訊服務有限公司全權擁有,並已授權恒生指數有限公司發佈及編制。恒生指數有限公司及恒生資訊服務有限公司已同意華夏基金(香港)有限公司可就華夏Direxion恒生指數每日槓桿(2x)產品、華夏Direxion恒生指數每日反向(-1x)產品、華夏恒生科技指數ETF及 華夏恒生港股通小型股指數ETF (“該產品”)使用及參考該指數,但是,恒生指數有限公司及恒生資訊服務有限公司並不就該指數及其計算或任何與之有關的數據的準確性或完整性,而向任何人士作出保證或聲明或擔保,也不會就該指數提供或默示任何保證、聲明或擔保。恒生指數有限公司及恒生資訊服務有限公司不會因華夏基金(香港)有限公司就該產品使用及/或參考該指數,或恒生指數有限公司在計算該指數時的任何失準、遺漏、失誤或錯誤導致任何人士因上述原因而直接或間接蒙受的任何經濟或其他損失承擔任何責任或債務。任何就該產品進行交易的人士不應依賴恒生指數有限公司及恒生資訊服務有限公司,亦不應以任何形式向恒生指數有限公司及/或恒生資訊服務有限公司進行索償或法律訴訟。為免疑慮,本免責聲明不構成任何經紀或就該產品進行交易的其他人士與恒生指數有限公司及/或恒生資訊服務有限公司之間的任何合約或準合約關係,也不應視作已構成這種關係。

免責聲明

本網站的資料乃由華夏基金(香港)有限公司(簡稱「華夏(香港)」)編制,僅供參閱用途。本網站有關基金的內容不適用於在限制該內容之發佈的區域居住之人士。就任何不獲授權進行分銷或要約的任何司法管轄區,本網站所載資料並不構成任何證券的分銷,買賣的要約,或促使買賣的要約。

本網站所載之基金(簡稱「基金」)已獲證監會認可向香港公眾人士全面銷售;其所載之任何內容亦未經證監會審閱。

本網站所提及的任何內容均不構成對基金的任何股份的投資邀約,也不構成對於任何證券的買賣或進行任何交易的投資建議。在使用本網站所載資料以前,閣下須根據個人狀況,確定任何投資,證券或策略是否合適閣下;如有須要,應諮詢獨立專業意見。

投資涉及風險,基金單位價格可升亦可跌,基金過往業績並不表示將來的回報。基金的價值可能會非常波動,並可能於短時間內大幅下跌,閣下亦可能損失全數投資金額。投資者應參閱有關基金之配售備忘錄,以了解基金詳情及風險因素,特別是投資於中國市場所涉及之風險。本基金可投資於洐生工具或結構性產品;該等投資工具可涉及重大風險,例如交易對手違約風險,有可能引致基金蒙受嚴重損失。

華夏(香港)已盡其所知使本網站所載資料在發佈之時準確 ;但華夏(香港)並不保證有關資料的準確性及完備性。華夏(香港),其聯營公司,董事,高級職員及僱員對此網站所提供的資料的任何相關錯誤或遺漏並不負責。華夏(香港)亦對於因使用此網站內容而引致或引發的任何損失或代價不承擔責任。

與本網頁所載資料有關的所有版權,專利權及其他產權均為華夏(香港)或其聯屬公司所有。在未經華夏(香港)同意下,不得複印,分發或複製本網頁內之任何資料或任何部分。

Product Risk Warning:
Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in below products, investor should refer to the Fund's prospectus for details, including the risk factors. You should not make investment decision based on the information on this material alone. Please note:


Important Information about ChinaAMC CSI 300 Index ETF
  • The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the CSI 300 Index (the "Index"). The Fund invests in the PRC's securities market through the RQFII investment quota granted to the Manager and the Stock Connect.
  • The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC) and may likely be more volatile than a broad-based fund.
  • The Fund is subject to risks relating to the RQFII regime, such as default in execution or settlement of transaction by a PRC broker or the PRC Custodian, change of RQFII policy and rules and uncertainty to their implementation, repatriation restrictions and insufficient RQFII quota to the Fund.
  • The Fund is subject to risks associated with the Stock Connect, such as change of relevant rules and regulations, quota limitations, suspension of the Stock Connect programme. In the event that the Fund’s ability to invest in A-Shares through the Stock Connect on a timely basis is adversely affected, the Manager can only rely on RQFII investments to achieve the Fund’s investment objective.
  • Investing in emerging markets, such as the PRC, involves a greater risk such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
  • If there is a suspension of the inter-counter transfer of units between the HKD counter and the RMB counter, the unitholders will only be able to trade their units in the relevant counter on the SEHK. The market price on the SEHK of units traded in HKD and of units traded in RMB may deviate significantly due to different factors, such as market liquidity, supply and demand in each counter and the exchange rate between the RMB and HKD (in both the onshore and the offshore markets). As such investors may pay more or receive less when buying units traded in HKD on the SEHK than in respect of units traded in RMB and vice versa. Investors without RMB accounts may buy and sell HKD traded units only. Such investors should note that distributions are made in RMB only and they may suffer a foreign exchange loss and incur foreign exchange associated fees and charges to receive their dividend. Not all brokers and CCASS participants may be familiar with and able to buy units in one counter and to sell units in the other or to carry out inter-counter transfers of units or to trade both counters at the same time. This may inhibit or delay an investor dealing in both HKD traded units and RMB traded units and may mean the investor can only trade in one currency.
  • As the SSE and the SZSE may be open when units in the Fund are not priced, the value of the securities in Fund’s portfolio may change on days when investors will not be able to purchase or sell the Fund’s units. Differences in trading hours between the SSE and the SZSE, and the SEHK and A-Shares’ trading bands may increase the level of premium/discount of the unit price to its NAV.
  • The Fund is denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. A non-RMB based investors in units are exposed to foreign exchange risk. There is no guarantee that the value of RMB against the investors' base currencies (for example HKD) will not depreciate.
  • The Fund is not "actively managed" and therefore, when there is a decline in the Index, the Fund will also decrease in value. The Manager will not take defensive position in declining markets. Investors may lose a significant part or all of their respective investments if the Index falls.
  • Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund's NAV.

Important Information about ChinaAMC MSCI China A Inclusion Index ETF
  • The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the MSCI China A Inclusion Index (the "Index"). The Fund invests in the PRC's securities market primarily through Stock Connect.
  • The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC) and may likely be more volatile than a broad-based fund.
  • Investing in PRC, an emerging market, involves a greater risk such as greater political, tax, economic, currency, liquidity, regulatory, legal, settlement and custody risks.
  • The Fund is subject to risks associated with the Stock Connect Programme, such as change of laws, rules and regulations, quota limitations and suspension of the Programme.
  • The Fund is subject to risks associated with the RQFII regime, such as change of laws, rules and regulations, insufficient RQFII quota, RQFII approval is revoked or terminated, or any of the key operators or parties is bankrupt or in default or disqualified.
  • If there is a suspension of the inter-counter transfer of units between the HKD and RMB counters and/or any limitation of services of brokers and CCASS participants, unitholders will only be able to trade their units in one counter only. The market price of units traded in each counter may deviate significantly. As such, investors may pay more or receive less when trading in HKD counter than in RMB counter and vice versa.
  • Unitholders will receive distributions in the RMB only. In the event that an unitholder has no RMB account, the unitholder may have to bear the bank or financial institution fees and charges associated with currency conversion.
  • As the stock exchanges in PRC may be open when units in the Fund are not priced, the value of the securities in the Fund's portfolio may change on days when investors will not be able to transact the Fund's Units.
  • Differences in trading hours between the SSE or the SZSE and the SEHK. A-Shares are subject to trading bands while units listed on the SEHK are not. Both factors may increase the level of premium or discount of the unit price to its NAV.
  • The Fund is not "actively managed" and therefore, when there is a decline in the Index, the Fund will also decrease in value. The Manager will not take defensive position in declining markets. Investors may lose a significant part or all of their respective investments if the Index falls.
  • The Index is a new index having only been launched on 23 October 2017. Given that the Index is relatively new, the Fund may be riskier than other ETF tracking more established indices.
  • Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund's NAV.

Important Information about ChinaAMC Hang Seng TECH Index ETF
  • The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the Hang Seng TECH Index (the "Index").
  • The Fund is passively managed and the Manager will not have the discretion to adapt to market changes. Falls in the Index are expected to result in corresponding falls in the value of the Fund.
  • The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors.
  • The Index is a new index. The Fund may be riskier than those tracking more established indices with longer operating history.
  • The Fund is subject to concentration risks in companies with technology theme and in a single geographical region (i.e. Greater China). The Fund may be more volatile than a broadly-based fund.
  • Companies in the technology sector are characterised by relatively higher volatility in price performance when compared to other sectors.
  • The Fund may be exposed to risks associated with different technology sectors and themes. A downturn in the business for companies in these sectors or themes may have adverse effects on the Fund.
  • The Fund is subject to tracking error risk, which may result from the investment strategy used, and fees and expenses.
  • If there is a suspension of the inter-counter transfer of units and/or any limitation on the level of services by brokers and CCASS participants, Unitholders will only be able to trade their units in one counter, which may inhibit or delay an investor dealing. The market price of units traded in each counter may deviate significantly.
  • Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund's NAV.

Important Information about ChinaAMC Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF
  • The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the Bloomberg Barclays China Treasury + Policy Bank Index (the “Index”).
  • The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC) and investing in bonds of a few issuers. The NAV of the Fund is likely to be more volatile than a broad-based fund.
  • Investments in the PRC may involve increased risks compared to more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks and custody risk.
  • The Fund is subject to risks associated with Bond Connect and Foreign Access Regime, such as change of relevant rules and regulations, regulatory risks, volatility risk, liquidity risk, settlement and counterparty risk. The trading on the PRC interbank bond market or trading through Bond Connect may be suspended.
  • The Fund is subject to risk associated with debt securities, such as credit / counterparty risk, interest rate risk, volatility and liquidity risk, downgrade risk, sovereign debt risk, valuation risk, credit rating risk and credit agency risk.
  • The Fund is subject to risks relating to settlement procedures and default of counterparties on the PRC inter-bank bond market.
  • The Fund is denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. A non-RMB based investors in units are exposed to foreign exchange risk. There is no guarantee that the value of RMB against the investors' base currencies (for example HKD) will not depreciate.
  • The Fund may be subject to tracking error risk. There can be no assurance of exact or identical replication at any time of the performance of the Index.
  • The credit appraisal system in Mainland China and the rating methodologies employed may be different from those in other markets, and the creditworthiness of credit ratings of the security and/or issuer cannot be guaranteed at all times.
  • If there is a suspension of the inter-counter transfer of units between the counters and/or any limitation on the level of services by brokers and CCASS participants, unitholders will only be able to trade their units in one counter only, which may inhibit or delay an investor dealing. The market price of units traded in each counter may deviate significantly.
  • The Fund is passively managed and the Manager will not have the discretion to adapt to market changes. Falls in the Index are expected to result in corresponding falls in the value of the Fund.
  • Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund's NAV.

Important Information about ChinaAMC Direxion NASDAQ-100 Index Daily (2x) Leveraged Product / ChinaAMC Direxion Nasdaq-100 Index Daily (-1x) Inverse Product / ChinaAMC Direxion Nasdaq-100 Index Daily (-2x) Inverse Product:
  • ChinaAMC Direxion NASDAQ-100 Index Daily (2x) Leveraged Product / ChinaAMC Direxion Nasdaq-100 Index Daily (-1x) Inverse Product/ChinaAMC Direxion Nasdaq-100 Index Daily (-2x) Inverse Product ( “Nasdaq-100 Index Products”), (collectively, “Products”) are futures-based leveraged/inverse products and are not suitable for all investors. The Products only target sophisticated trading-oriented investors who understand the potential consequences of seeking daily leveraged/inverse results and the associated risks and constantly monitor the performance of their holdings on a daily basis.
  • Nasdaq-100 Index Products invest directly in E-mini NASDAQ 100 Futures (“Nasdaq-100 Futures”) which are traded on the Chicago Mercantile Exchange (the “CME”). Nasdaq-100 Index Products aim to provide daily investment results, before fees and expenses, which closely correspond to leveraged (2x) / inverse (-1x)/inverse (-2x) of the daily performance of the Nadsaq-100 Index (the “Nasdaq-100 Index”).
  • The Product does not seek to achieve its stated investment objective over a period of time greater than one day.
  • The Products are not intended for holding longer than one day as the performance of the Products over a longer period may deviate from and be uncorrelated to the leveraged/inverse performance of the relevant index over the period (e.g. the loss may be more than 2 times the decrease in the Index/-1 time the increase in the Index /-2 times the increase in the Index). The Products are designed to be used for short term trading or hedging purposes, and are not intended for long term investment.
  • Investing in the leveraged product is subject to the general market risk of equity investment, its value will be fluctuated because of multiple factors. Investing in the inverse products is different from taking a short position. Because of rebalancing, the return profile of the inverse products is not the same as that of a short position. Risk investment outcome of the Inverse Product is the opposite of conventional investment funds. If the value of the Index increases for extended periods, the Inverse Product will likely lose most or all of its value.
  • The Products involve futures contracts risk, leveraged/inverse performance risk, risk of rebalancing activities, volatility risk, liquidity risk, intraday investment risk, portfolio turnover risk, concentration risk, US markets risk, Nasdaq-100 constituents risk, passive investment risk, reliance on the investment adviser risk, difference in price limit risk, trading time differences risk, trading risk, reliance on market maker risk, tracking error and correlation risk, termination risk, other currency distributions risk and currency risk.
  • Investment involves risks. Past performance is not indicative of future results, future returns are not guaranteed. Investor may be subject to substantial losses, and a loss of original capital may occur. Investor should not make any investment decision solely based on the information on this presentation alone. Please read the relevant offering documents for details including the risk factors before making any investment decisions. If necessary, you should seek independent professional advice.

Important Information about ChinaAMC CSI 300 Index Daily (2x) Leveraged Product/ChinaAMC CSI 300 Index Daily (-1x) Inverse Product (The product is a synthetic product):
  • ChinaAMC CSI 300 Index Daily (2x) Leveraged Product/ChinaAMC CSI 300 Index Daily (-1x) Inverse Product (collectively, “Products”) are swaps-based leveraged/inverse products and are not suitable for all investors. The Products only target sophisticated trading-oriented investors who understand the potential consequences of seeking daily leveraged / inverse results and the associated risks and constantly monitor the performance of their holdings on a daily basis.
  • The Products seeks to obtain the required exposure through swaps with different swap counterparties. The Products aim to provide daily investment results, before fees and expenses, which closely correspond to the leveraged (2x) / inverse (-1x) daily performance of the CSI 300 Index (the “Index”).
  • The Products do not seek to achieve their stated investment objectives over a period of time greater than one day.
  • The Products are not intended for holding longer than one day as the performance of the Products over a longer period may deviate from and be uncorrelated to the leveraged/inverse performance of the Index over the period (e.g. the loss may be more than 2 times the decrease in the Index/-1 time the increase in the Index). The Products are designed to be used for short term trading or hedging purposes, and are not intended for long term investment.
  • Investing in the leveraged product is subject to the general market risk of equity investment, its value will be fluctuated because of multiple factors, and both gains and losses will be magnified. Investing in the inverse products is different from taking a short position. Because of daily rebalancing, the return profile of the inverse products is not the same as that of a short position. Risk investment outcomes of the inverse products are the opposite of conventional investment funds. If the value of the Index increases for extended periods, the inverse products will likely lose most or all of their values.
  • The Products also involve synthetic replication and counterparty risk, settlement risk, default risk, market risk, price movements risk, intraday counterparty risk, risk of increase in swap fees and early termination of swaps, derivative instrument investment risk, leveraged/inverse performance risk, risk of rebalancing activities, liquidity risk, intraday investment risk, currency risk, concentration risk, PRC market risk, risk of investment in debt securities and other funds, PRC tax risk, passive investment risk, trading risk, reliance on market maker risk, tracking error and correlation risk, volatility risk and termination risk.
  • Swap counterparties of the Products may have daily capacity limits, when the limits are reached, the Products’ ability to adjust the size of swaps for sufficient exposure to achieve their investment objectives may be adversely affected.
  • Investment involves risks. Past performance is not indicative of future results, future returns are not guaranteed. Investors may be subject to substantial losses, and a loss of original capital may occur. Investors should not make any investment decision solely based on the information on this presentation alone. Please read the relevant offering documents for details including the risk factors (for example, the Products may be terminated in advance under certain circumstances) before making any investment decisions. If necessary, you should seek independent professional advice.

Important information about ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF
  • The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the Hang Seng Stock Connect Hong Kong SmallCap Index (the “Index”).
  • The underlying index of the Fund was changed to the present Index effective from 3 March 2017. During the rebalancing period from the previous index to the index, there is a risk that the tracking error and tracking difference of the Fund may increase.
  • The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region or country (the PRC including Hong Kong). The Fund may likely be more volatile than a broad-based fund.
  • The Fund invests in small cap securities. The stocks of small capitalisation companies may have lower liquidity and are typically more volatile and more vulnerable to adverse business or economic developments than those of larger capitalisation companies. Lower liquidity increases the risk that securities may be sold at a loss, and may impair the ability of the Fund to accurately track the Index.
  • Small capitalisation companies generally have less diverse product lines than large capitalisation companies and thus are more susceptible to adverse developments concerning their products, as well as the markets and sectors in which they operate. Small capitalisation companies may be less financially secure than larger and more established companies, and they are more vulnerable to loss of key personnel.
  • The Fund is not “actively managed” and therefore, when there is a decline in the Index, the Fund will also decrease in value. The Manager will not take defensive position in declining markets. Investors may lose a significant part or all of their respective investments if the Index falls.
  • Due to fees and expenses of the Fund, liquidity of the market and different investment strategies adopted by the Manager, the Fund’s return may deviate from that of the Index.
  • Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund’s NAV.
Capturing Both the Up and Downside
of the US Tech Market
The data in the above chart is for illustration only and does not represent the actual performance in the future.
Source: Bloomberg as of December 2018, total return performance is calculated in USD from 28 September 2018 to 31 December 2018. Simulated performance is used for ChinaAMC Direxion NASDAQ-100 Index Daily (-2x) Inverse Product (7522 HK).
The data in the above chart is for illustration only and does not represent the actual performance in the future.
Source: Bloomberg as of December 2019, total return performance is calculated in USD from 9 September 2019 to 31 December 2019.
The data in the above chart is for illustration only and does not represent the actual performance in the future.
Source: Bloomberg as of June 2019, total return performance is calculated in USD from 29 March 2019 to 28 June 2019. Simulated performance is used for ChinaAMC Direxion NASDAQ-100 Index Daily (-2x) Inverse Product (7522 HK).
NASDAQ-100 Index
One of the world's preeminent technology indexes, reflecting the trend of tech stocks
NASDAQ-100 Index

The Index consists of 100 of the largest U.S. and international non-financial companies listed on The NASDAQ.

1. Representation of American Tech stocks
  • Constituent stocks are high-tech, high-growth and non-financial and serve as a valued representation of American tech stocks.
  • Tech stocks weigh 48%
  • The major holdings include some largest tech giants, for example, Microsoft Corp., Amazon.Com Inc., Apple Inc., Facebook Inc. and Alphabet (Google).
2. Higher Volatility
  • Nasdaq-100 index is relatively volatile comparing to other American Index.
  • Appealing for short-term strategical investments.
NASDAQ-100 Index
3 Reasons for choosing ChinaAMC Direxion NASDAQ-100 Index Daily (-2x) Inverse Product (7522 HK)
01
Comprehensive Nasdaq-100 Index Leveraged and Inverse Product Line

Provides comprehensive Nasdaq-100 Index product suites, ranging from leveraged (2x) (7261 HK), inverse (-1x) (7331 HK) to inverse (-2x) (7522 HK). The product series also allow Asia time-zone trading.

02
The first NASDAQ-100 Index Leveraged & Inverse Issuer in Hong Kong

ChinaAMC(HK) issued Asian's first two NASDAQ-100 Index daily (2x) leveraged and (-1x) inverse products in Hong Kong in 2016. She has made her name in the field and has unrivalled experience.

03
Partners with Direxion, World’s second Largest L&I ETFs issuer

Among the top 2 global providers of leveraged & Inverse ETF products, DIREXION is particularly known for +3x bull and -3x bear ETFs and has profound experience in developing and managing innovative non-traditional ETFs. DIREXION has approximately $20 billion in assets under management as of 31st December, 2019.

DIREXION'S New York portfolio management and trading team conducts daily trading and rebalancing during US trading hours, which enables the HK listed ChinaAMC DIREXION Leverage & Inversed products to be managed and monitored around the clock.

#Source: Direxion as of January 2021

Leveraged and Inverse ('L&I') Products

About
Leveraged
and Inverse
(“L&I”) Products

Features

Daily
Rebalancing

Comparison with
other investment
products

ChinaAMC
Direxion
Leveraged and
Inverse Product
Series

About Leveraged and Inverse (“L&I”) Products
About Leveraged and Inverse (“L&I”)Products

L&I Products are structured as Exchange Traded Funds (ETFs) and seek to achieve short-term investment results that correspond to the magnified or inverse performance of their underlying benchmarks on a daily basis.

Leveraged Products: Bullish for the Near Term

Seek to provide the leveraged (up to 2x) daily performance of their benchmark

Inverse Products: Bearish for the Near Term

Seek to provide the inverse (up to -2x) daily performance of their benchmark

Grasp your opportunity in a bull market. Leveraged Products seek to achieve a leveraged daily return (2x) of the benchmark's daily performance, before fees and expenses

Take hold of your opportunity in a bear market. Inverse Products seeks to achieve an inverse daily return (-1x)/(-2x) of the benchmark's daily performance, before fees and expenses

Leveraged Products seek to provide two times (2x) the daily performance of their benchmark

Seek to provide the Inverse (-1x) (up to 2x) daily performance of their benchmark

Seek to provide the inverse (-2x) daily performance of their benchmark

Take ChinaAMC Direxion NASDAQ-100 Index Daily (2X) Leveraged as an example. If the index goes up by 1%, the daily (2X) leveraged product will gain a daily return of 2%.

On the other hand, when the index drops by 1%, the daily (2X) leveraged product will have a daily loss of 2%.

Take ChinaAMC Direxion NASDAQ-100 Index daily (-1X) and (-2X) inverse as an example. When the index drops by 1%, the daily (-1X) inverse product will have a daily gain of 1% whereas the daily (-2X) inverse product will have a daily gain of 2%.

On the other hand, if the index goes up by 1%, the daily (-1X) inverse product will have a daily loss of 1%.

Note: For illustration only.

Note: For illustration only.

Features
Features
  • Seize opportunities in the short term, be it bull or bear.
  • Transparency: Intraday iNAV/IOPV available during trading hours
  • Leverage your daily return by 2 times on an uptrend
  • Helping to hedge against an expected decline
  • The products are listed on the Hong Kong Exchange, trading like stocks
  • No Hong Kong Stamp Duty on L&I Products
Daily Rebalancing

Leveraged and Inverse products will conduct daily adjustment at or around market close, to ensure the product can maintain the exposure ratio.

Daily Leveraged (2X) Products
If the index moves up, the product responds by increasing its exposure to the index
  • Hypothetical Example (Assuming the market goes up by 1%)
  • Product Asset

  • Total Exposure

Note: The above chart is for illustration of the products' investment strategy only
Daily Leveraged (2X) Products
If the index goes down, the product responds by decreasing its exposure to the index
  • Hypothetical Example (Assuming the market goes down by 1%)
  • Product Asset

  • Total Exposure

Note: The above chart is for illustration of the products' investment strategy only
Comparison with other investment products

Comparison of L&I Products and
Derivatives Warrants & Callable Bull / Bear Contracts (“CBBC”)

L&I products are not affected by expiration date, decay of time value, implied volatility and no Knock out feature

Leveraged and Inverse Product
Derivatives Warrants & CBBC
Trading method
Leveraged and Inverse ProductListed on exchanges, trade like stocks
Derivatives Warrants & CBBCListed on exchanges, trade like stocks
Gearing(X)
Leveraged and Inverse ProductDaily two times (2X), inverse one (-1X) or two times (-2X)
Derivatives Warrants & CBBC5 to 40 times, affected by different factors
Maturity
Leveraged and Inverse ProductNO
Derivatives Warrants & CBBCYES
Time Decay
Leveraged and Inverse ProductNO
Derivatives Warrants & CBBCYES
Implied Volatility
Leveraged and Inverse ProductNO
Derivatives Warrants & CBBCYES(Derivatives Warrants)
Mandatory call feature
Leveraged and Inverse ProductNO
Derivatives Warrants & CBBCYES (CBBC)
Liquidity Providers
Leveraged and Inverse ProductIndependent participating dealers to maintain liquidity
Derivatives Warrants & CBBCIssuer being the liquidity provider
Pricing Transparency
Leveraged and Inverse ProductHigher: NAV as pricing reference
Derivatives Warrants & CBBCRelatively low: issuers, as the liquidity provider, may have impact on derivative warrant price
Pricing Reference
Leveraged and Inverse ProductIndex level, daily rebalancing
Derivatives Warrants & CBBCIndex level, implied volatility, time decay of value, interest rate
Issuer Default Risk
Leveraged and Inverse ProductLower: assets (cash & futures) are independently stored on third party custodian account (HSBC Custodian Bank)
Derivatives Warrants & CBBCInvestors bear the issuer default risk

Comparison of L&I Products and Margin Trading

Loss of L&I products is limited to the amount invested and the positions would not be liquidated if the market moves against your position

Leveraged and Inverse Products
Futures and Margin Products
Minimum investment requirement
Leveraged and Inverse ProductsAround HKD 800
Futures and Margin ProductsAround HKD 120,000 (Assume 10% margin requirement for one Hang Seng Index futures contract)
Will the loss exceed the amount invested?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsYES
Margin Account needed?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsYES
Need to maintain maintenance margin?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsDaily
Will positions be liquidated?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsYES
Position Management : Need to rollover the contract?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsInvestors need to roll over futures contract, pay trading fee as well as adjust the collateral value to maintain the position
Will investors be requested to inject extra capital to maintain the margin?
Leveraged and Inverse ProductsNO
Futures and Margin ProductsYES
ChinaAMC Direxion Leveraged and Inverse Product Series