Description
Global X Leveraged and Inverse Series - Global X S&P 500 Daily (-1x) Inverse Product is an exchange traded fund launched and managed by Mirae Asset Global Investments (Hong Kong) Limited. It invests in the public equity markets of the United States. The fund takes short positions and uses derivatives such as swaps to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. The fund seeks to replicate the inverse of the daily performance of the S&P 500 Index, by employing synthetic replication methodology. Global X Leveraged and Inverse Series - Global X S&P 500 Daily (-1x) Inverse Product was formed on October 5, 2016 and is domiciled in Hong Kong.
