Mirae Asset is delisting three L&I ETF: the Mirae Asset Horizons S&P 500 Daily (2x) Leveraged Product, the Topix Daily (2x) Leveraged Product and the Topix Daily (-1x) Inverse Product. Their last trading will be 23 May.
One of the reasons why the firm is delisting these products is the relatively small amount of assets they manage, according to a statement from the firm.
Mirae Asset L&I ETFs to be delisted
| Product Name | AUM |
| Mirae Asset Horizons S&P 500 Daily (2x) Leveraged Product | $2.2m |
| Mirae Asset Horizons Topix Daily (2x) Leveraged Product | HK$26.7m ($3.4m) |
| Mirae Asset Horizons Topix Daily (-1x) Inverse Product | HK$10.2m |
Source: Mirae Asset Global Investments
Mirae Asset manages five other L&I products, which have more assets than those that will be delisted. Most of them track Hang Seng indices, according to the firm’s website.
Remaining Mirae Asset L&I ETFs
| Product Name | AUM |
| Mirae Asset Horizons Hang Seng Index Daily (2x) | HK$110m |
| Mirae Asset Horizons Hang Seng Index Daily (-1x) Inverse Product | HK$68.8m |
| Mirae Asset Horizons Hang Seng China Enterprises Index Daily (2x) Leveraged Product | HK$104.5m |
| Mirae Asset Horizons Hang Seng China Enterprises Index Daily (-1x) Inverse Product | HK$44.9m |
| Mirae Asset Horizons S&P Daily (-1x) Inverse Product | HK$35.9m |
Source: Mirae Asset Global Investments
Like Mirae Asset, CSOP AM is delisting two of its L&I ETFs: the CSOP Nifty 50 Daily (2x) Leveraged Product and the CSOP Nifty 50 Daily (-1x) Inverse Product, according to an HKEX filing. Their last trading day will be 3 July.
The two products also have gathered only a small amount of assets from investors. The Nifty leveraged ETF has $2.2m and the inverse ETF has $1.4m in assets, according to the firm’s website.
CSOP AM manages four other L&I products. Like Mirae Asset, these products track Hang Seng indices and have significantly larger assets.
Remaining CSOP AM L&I products
| Product Name | AUM |
| CSOP Hang Seng Index (2x) Leveraged Product | HK$163.8m |
| CSOP Hang Seng Index Daily (-1x) Inverse Product | HK$1.7bn |
| CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product | HK$262.7m |
| CSOP Hang Seng China Enterprises Index Daily (-1x) Inverse Product | HK$173.9m |
Source: CSOP Asset Management
Besides its Nifty L&I products, CSOP AM is also delisting its MSCI T50 ETF on 3 May, the firm said in a separate HKEX filing. It manages $737,779 in assets, according to the firm’s website.
L&I products are relatively new in Hong Kong, with the Securities and Futures Commission having given a green light in January last year for such products to be listed on the exchange. L&I assets account for 13.8% of Hong Kong’s ETF market, according to data from HKEX. In total, there were 27 L&I products listed in Hong Kong, with HK$680m in assets at the end of March this year.
