Most Popular ETF in Hong Kong Is Shorting the Market – Bloomberg

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Hong Kong’s most popular exchange traded fund, the CSOP Hang Seng Index Daily Inverse Product, had been largely ignored since it launched 14 months ago. The ETF makes money when Hong Kong stocks tumble, and now investors are rushing to hedge as stocks struggle to recover from losses that at one point had wiped out more than $700 billion from the local equity market. It has attracted $147 million worth of cash in 2018, the biggest inflows for any fund trading on the city’s exchange, according to data compiled by Bloomberg.