Mirae Asset's 'Global X HSCEI' Surpasses $300 Million in Net Assets

Mirae Asset Global Investments announced on June 27 that the net asset value of the 'Global X HSCEI Components Covered Call Active ETF', which is listed in Hong Kong, has surpassed $300 million (approximately KRW 400 billion).

Global X is solidifying its position as a leading income-type ETF provider in the Hong Kong ETF market, with the 'Global X HSCEI Components Covered Call Active ETF' at the center of its offerings.

The 'Global X HSCEI Components Covered Call Active ETF' is the first covered call ETF ever listed in Hong Kong, having debuted in February 2024. Mirae Asset Global Investments, which has accumulated expertise by managing various covered call ETFs both domestically and internationally, introduced its first covered call ETF to the Hong Kong ETF market last year through collaboration with its local subsidiary.

The 'Global X HSCEI Components Covered Call Active ETF', which tracks the representative Hong Kong index HSCEI, invests in mainland Chinese companies listed on the Hong Kong market. By utilizing a covered call strategy that involves selling call options, the ETF aims to provide stable income returns. As the first covered call ETF in Hong Kong, it attracted significant attention from individual investors from the time of its listing, and surpassed $300 million in net assets just one year and six months after launch.

The Hong Kong ETF market has traditionally seen active trading in leverage and inverse ETFs, as well as index-tracking ETFs. However, the 'Global X HSCEI Components Covered Call Active ETF' has recently distinguished itself as an income-type ETF by ranking among the top ETFs in Hong Kong in terms of trading volume. As of the end of May, its one-month cumulative trading volume reached $92.6 million. It entered the top 20 in trading volume among all ETFs listed in Hong Kong. The majority of trading participants are individual investors from the Greater China region, and locally, the differentiated product competitiveness of the 'Global X HSCEI Components Covered Call Active ETF' is being recognized as a key factor in attracting investors.

Local individual investors in Hong Kong are focusing on the stable returns and income generated by the 'Global X HSCEI Components Covered Call Active ETF'. As of June 26, the ETF recorded a 21% return over the past year. In addition to capital gains, it offers a stable income with an annual distribution rate of 17% and a monthly distribution rate of 1.5%.

Global X completed its major Hong Kong index covered call ETF series by launching two covered call ETFs tracking the HSCEI and Hang Seng Index in 2024, and in March, introducing a covered call ETF based on the Hang Seng TECH Index. The 'Global X Hang Seng TECH Components Covered Call Active ETF', which tracks the Hang Seng TECH Index, has quickly grown to a net asset value of $22 million within about three months of its launch.

Kim Younghwan, Head of Innovation/Global Management at Mirae Asset Global Investments, stated, "Mirae Asset Global Investments entered the global market by establishing its first overseas subsidiary in Hong Kong in 2003, becoming the first domestic asset management company to do so. The Hong Kong subsidiary has earned the trust of local investors by offering competitive products in the Greater China region."

He added, "Going forward, Mirae Asset Global Investments will continue to launch diverse and innovative products, aiming to become a company that exports financial services to the Greater China region."

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This content was produced with the assistance of AI translation services.