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Mirae Asset Horizons Hang Seng China Enterprises Index Daily(2x)Leveraged Product (Stock Code: 7230)

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]
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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