Mirae Asset Horizons S&P 500 Daily (-1X) Invehttp://cms.miraeasset.com/opencms/system/workplace/editors/xmlcontent/editor_form.jsp?resourcelist=&resource=%2Fsites%2Ftigeretf%2Fen%2Fhorizons-etf%2Fproducts%2F7322%2Ftracking.html#OcmsTabTrackingDiffInforse Product (*This is a synthetic product)

Tracking Difference / Tracking Error

Tracking Difference (Daily TD)

* Daily TD is the difference between the daily return of an Inverse Product and the daily opposite return of the underlying index.

Tracking Error (TE)

* Tracking error measures how consistently an Inverse Product delivers the opposite return of the underlying index. It is the volatility (measured by standard deviation) of that daily return difference.

Tracking Error

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

Tracking Difference

Product Listing Date 11 Oct 2016

Actual average daily TD for the calendar year 2018: 0.00%

Actual average daily TD for the calendar year 2017: 0.00%

Rolling 1 year actual average daily TD: {{tdval}}

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 Inverse Product and the daily opposite return 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.

Disclaimer:

Certain information contained in this website is compiled from third party sources. Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”) has used its best endeavor to ensure that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for any loss or damage of any kind resulting out of the unauthorized use of this website. The information contained in this website is for information purposes only and does not constitute any recommendation, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance. Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments. The Product’s prospectus is available on this website.
References to particular sectors, securities or companies are for general information and illustrative purposes only and are not recommendations to buy or sell a security, or an indication of the issuer's holdings at any one time.
The Funds or securities referred to herein are not sponsored, endorsed, or promoted by Standard & Poor's (”S&P”), and S&P bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Product’s prospectus contains a more detailed description of the limited relationship S&P has with Mirae Asset HK and any related funds.
Investors should note that the Product differs from a typical retail fund as units of the Product may only be created and realized by participating dealers in large unit sizes. This website is prepared and maintained by Mirae Asset HK and has not been reviewed by the Securities and Futures Commission of Hong Kong.