The Fund is an exchange traded fund
Posted: Tue Feb 18, 2025 5:55 am
“ETF” that adopts a covered call strategy by i investing in long positions in the Reference Index and constituent equity securities of the Reference Index ETF and in Reference Index futures; and ii writing call options on the Reference Index. This fund is one of the first covered call option ETFs in Hong Kong. Due to the new nature of this underlying product, it carries a higher degree of risk than traditional ETFs that invest in equity securities.
The Fund adopts an actively managed investment strategy.
In addition to seeking to invest in the constituent equity securities of the Reference Index in substantially the same proportions as the underlying securities represent in the Reference Index through direct investments russia phone number list in the constituent equity securities of the Reference Index and the Reference Index ETFs and long positions in Reference Index futures, the Fund may also write call options on the Reference Index. The Fund may fail to achieve its objective because the investment procedures implemented may cause the Fund to perform less well than would result from investing directly in the constituent equity securities of the Reference Index.
The market value of the Reference Index Call Options may be affected by a number of factors, including, but not limited to, supply and demand conditions, interest rates and the prevailing market price of the Reference Index relative to the Reference Index Call Option strike price, the actual or expected volatility of the Reference Index and the time remaining until the expiration date. The Fund’s ability to successfully use the Reference Index to purchase options will depend on the Manager’s ability to correctly predict future price movements, which is not guaranteed and is subject to market behavior or unexpected events.
The Fund adopts an actively managed investment strategy.
In addition to seeking to invest in the constituent equity securities of the Reference Index in substantially the same proportions as the underlying securities represent in the Reference Index through direct investments russia phone number list in the constituent equity securities of the Reference Index and the Reference Index ETFs and long positions in Reference Index futures, the Fund may also write call options on the Reference Index. The Fund may fail to achieve its objective because the investment procedures implemented may cause the Fund to perform less well than would result from investing directly in the constituent equity securities of the Reference Index.
The market value of the Reference Index Call Options may be affected by a number of factors, including, but not limited to, supply and demand conditions, interest rates and the prevailing market price of the Reference Index relative to the Reference Index Call Option strike price, the actual or expected volatility of the Reference Index and the time remaining until the expiration date. The Fund’s ability to successfully use the Reference Index to purchase options will depend on the Manager’s ability to correctly predict future price movements, which is not guaranteed and is subject to market behavior or unexpected events.