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ChinaAMC partners US firm on landmark L&I ETFs

Toby Yiu
The overseas arm of China Asset Management is listing its first leveraged and inverse ETFs in Hong Kong, which will track the Nasdaq 100. It has partnered with US fund house Direxion.
ChinaAMC partners US firm on landmark L&I ETFs

China Asset Management (HK) has teamed up with US-based Direxion to launch its first leveraged and inverse (L&I) exchange-traded funds and the first such products in Hong Kong to track the US's tech-heavy Nasdaq 100 index. They will list on the city’s bourse today. 

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