Variation in L&I ETF volumes in HK raises questions
Certain leveraged and inverse exchange-traded funds newly listed in Hong Kong are being traded far more heavily than others, which has led some to question the source of demand.
Some of Hong Kong's new leveraged and inverse (L&I) exchange-traded funds are recording soaring trading volumes within just two months of listing, raising questions as to whether they are being driven by genuine and sustainable investor demand.
The products launched by Chinese asset managers in particular have racked up impressive turnover (see table below), despite concerns being raised by some about L&I products.
The objective of a leveraged fund is to multiply the ret…
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