CSOP WTI CRUDE OIL FUTURES DAILY (-1X) INVERSE PRODUCT LISTS HKEX DEC 1

CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) (Graphic: Business Wire)

 
KUALA LUMPUR, Nov 30 (Bernama) -- CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) will be listed on Hong Kong Stock Exchange on Dec 1.

Using a combination of a Futures-based replication strategy and a Swap-based synthetic replication strategy, 7345.HK provides investment results closely corresponding to inverse (-1x) the Daily performance of Solactive WTI 1-Day Rolling Futures Index (the Index).

7345.HK mainly invests in the active contracts of West Texas Intermediate crude oil (WTI crude oil) (also known as Texas light sweet crude oil) futures contracts traded on the New York Mercantile Exchange (NYMEX) (WTI Futures Contracts’) and in Swaps when such investments are beneficial to the product to achieve its investment objective.

In the current volatile market circumstances, 7345.HK has attracted US$5.6 million initial investment. The inception price per unit is around HKD 7.8 with trading lot of 100 units, and the entry investment is approximately HKD 780. (US$1 = RM4.236)

The share of renewable energy is estimated to account for 61.8 per cent of total power generation by 2030. Moreover, seasonal changes and increasing extreme weather conditions can also impose more variances to oil prices. All these factors together make oil prices more volatile and turbulent than ever. CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) can help investors hedge against crude oil volatility in the ever-changing market environment and capture investment opportunities in times of such uncertainty in an easy and transparent way.

Since the first Leveraged & Inversed (L&I) product listed in 2016, Hong Kong’s L&I market has seen a continuous growth to HKD 14.34 billion in size and HKD 1.14 billion of average daily turnover as end of October, 2021.

Dominating Hong Kong’s L&I market, CSOP has demonstrated a remarkable track record with credibility and success by having introduced 15 L&I products in Hong Kong, contributing more than 90 per cent AUM and daily turnover to Hong Kong’s L&I market.

In a statement, Ding Chen, CEO of CSOP comments: “We are very proud of what we have achieved in the past. The success of our past encourages us to remain dedicated to bringing more excellent L&I products to our investors, further promoting the prosperity and development of Hong Kong’s L&I market.”

-- BERNAMA