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Mirae Asset Horizons Topix Daily (2X) Leveraged Product

Tracking Difference / Tracking Error

Tracking Difference (Daily TD)

* Daily TD is the difference between the daily return of an 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.

No data will be shown within the first year at listing

Tracking Error

As of 31 Dec 2018

Rolling 1 Year TE[1]: -

Tracking Difference

As of 31 Dec 2018

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: -

Graphs for Tracking Differences

* The Fund's performance is calculated on an NAV to NAV basis and assumes 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]
* The Leveraged Product aims to deliver a daily return equivalent to two times of the underlying index return. For the purposes of calculating the Daily TD, the daily performance of the underlying index has been adjusted by the leverage factor of 2x.

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