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HKEx listed, Stock Code: 7328 SAMSUNG HSCEI Daily (-1x) Inverse Product

The Units of Samsung HSCEI Daily (-1x) Inverse Product (Stock Code: 07328) (the “Product”) will cease trading on The Stock Exchange of Hong Kong Limited from 19 January 2021. Please refer to the “Announcement and Notice of The Proposed Cessation of Trading, Termination, Voluntary Deauthorisation and Delisting and Non-Applicability of Certain Provisions of The Code on Unit Trusts and Mutual Funds” dated 18 December 2020, the subsequent reminder announcements and all other relevant announcements relating to the Product for further details.

Tracking Difference / Error

 

Daily Tracking Difference (Daily TD)
Daily TD is the difference between the daily return of an Inverse Product and the daily opposite return of the underlying index

 

Tracking Error (TE)
Tracking error measures how consistently an Inverse Product delivers the opposite return of the underlying index. It is the volatility (measured by standard deviation) of that daily return difference





















Tracking Difference (As of 2021/01/14)
Product listing Date: 2017/03/14
Tracking Error (As of 2021/01/14)
Product listing Date: 2017/03/14

Rolling 1-Year Actual Average Daily TD: -0.02%
Actual Average Daily TD for calendar year 2020: -0.02%
Actual Average Daily TD for calendar year 2019: -0.01%
Actual Average Daily TD for calendar year 2018: -0.01%

Rolling 1-Year TE^: 6.11%


^TE is measured by the standard deviation of the Daily TD.
The standard deviation is calculated based on the Daily TD over the rolling one year period


Graph(A)-Daily return of the Inverse Product and the -1x daily performance of the underlying Index

Performance is calculated on NAV to NAV basis in HKD and assumes dividend reinvestment.



 

※ The Inverse Product aims to deliver the opposite of the daily return of the underlying index. For the purposes of calculating the Daily TD, the daily performance of the underlying index has been adjusted by the leverage factor of -1x.




















Graph(B)-Actual daily tracking difference