HONG KONG, Nov 30 (Bernama-BUSINESS WIRE) — CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) will be listed on Hong Kong Stock Exchange on 1 December, 2021. 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 USD 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.
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