Exchange Traded Products

Exchange Traded Products (ETPs) = Exchange Traded Funds (ETFs) + Leveraged and Inverse Products (L&I Products).

Sometime: ETP = ETF + ETC (Commodity) + ETN (Notes: are basket of structured bonds issued by an underwriting bank, traded like stocks. They can track the performance of a market index or the price of a commodity. They don’t yeild any interest or coupons.)

• ETPs are one of the fastest growing investment products in the world transforming the way investors access financial markets and build investment portfolios.

• Whenever we buy or sell an ETP, we sell or buy the underlying security or another instrument with similar exposure. (hedging)

ETF (HK) / STRATEGIC BETA ETFS (US)

• Passive managed fund that trades like a stock on an exchange.
• Its principal objective is to replicate the performance of the underlying index.

L&I Products (HK) / LEVERAGED & INVERSE ETFS (US)

A Leveraged and Inverse Product (L&I Product) seeks to achieve short-term investment results that correspond to the daily leveraged (2x) or daily inverse (-1x) of the underlying benchmark.

• 两倍做多ETF
• 一倍做空ETF