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Mirae Asset Horizons Hang Seng Index Daily (2x) Leveraged Product (Stock Code: 7231)

Tracking Difference / Tracking Error

Tracking Difference (Daily TD)

* Daily TD is the difference between the daily return of a Leveraged Product and the 2x daily performance of the underlying index.

Tracking Error (TE)

* Tracking error measures how consistently a Leveraged Product delivers the 2x daily performance of the underlying index. It is the volatility (measured by standard deviation) of that daily return difference.

Tracking Error

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Rolling 1 Year TE[1]: {{teval}}

Tracking Difference

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Product Listing Date 14 Mar 2017
Rolling 1 year actual average daily TD: {{tdval }}
Actual average daily TD for the calendar year 2018: 0.01%

Graphs for Tracking Differences

* The Fund's performance is calculated on an NAV to NAV basis without any reinvestment of distributions.


Graph (a) - Daily return of the Leveraged Product and the 2x daily performance of the underlying index

Graph (b) - Actual daily tracking difference
[1]
TE is measured by the standard deviation of the daily TD. The standard deviation is calculated based on the daily TD over the rolling one year period.

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