Hang Seng Bank launches new fund.

(From Business Daily Update)

Author: Starting from January 2, Hang Seng Bank offers the Hang Seng China H-Share Index Leveraged 150 Fund which provides investors with leveraged exposure to the Hang Seng China Enterprises Index. The fund will invest in the Hang Seng H-Share Index ETF, the first exchange traded fund tracking the performance of the Index. Through the use of borrowings, futures contracts and other financial derivatives, the fund will provide investors with leveraged exposure to the Index and seek to obtain a performance close to 150 percent of the daily movement of the Index, according to Hang Seng Bank. The Hang Seng China H-Share Index Leveraged 150 …