• Leveraged Product and Inverse Product are futures-based products which invest directly in futures contracts on the Hang Seng Index or the Hang Seng China Enterprises Index listed on the HKFE so as to give the Leveraged Product and Inverse Product twice (2x) or inverse (-1x) of the daily performance of the index respectively. They are different from conventional ETF.
• For Leveraged Product, both gains and losses will be magnified. The risk of loss resulting from an investment in the Leveraged Products in certain circumstances including a bear market will be substantially more than a fund that does not employ leverage.
• For Inverse Product, should the value of the underlying securities of the Index increase, it could have a negative effect on the performance of the Product. Unitholders could, in certain circumstances including a bull market, face minimal or no returns, or may even suffer a complete loss, on such investments.
• The Products are designed to be used for short term trading or hedging purposes. The Products are not intended for holding longer than one day as the performance of the Products over a longer period may deviate from and be uncorrelated to the leveraged or inverse performance of the Index over the period.
• Investment in futures contracts involves specific risks such as high volatility, leverage, rollover and margin risks. A relatively small price movement in a future may result in a proportionally high impact and substantial losses to the Products, having a material adverse effect on the NAV.
• The Manager may, at its discretion, pay distributions out of capital. Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment and may result in an immediate reduction in the NAV per Unit.

Note: Investment involves risk. Unit price may go up or down, including loss of investment principal. Past performance information presented is not indicative of future performance. Investors should read the funds’ offering documents and product key fact statements for further details including the risk factors. Investors should not only base on this advertisement alone to make investment decisions. This advertisement has not been reviewed by the SFC. This advertisement is issued by CSOP Asset Management Limited.