https://www.thestar.com.my/business/busines...listed-on-bursa

But got qualifications needed to trade..

Not for ordinary retail investors...
Too bad...

Anyhow I think it's more for funds Managers to trade...
Like those UT, Insurance company etc.

If u read the article, it will be open for ordinary investors, but first you must hv experience in leverage by having margin account or having traded structured warrants before, or u hv watched a training video. I guess regulator wants to make sure the investor knows what he is investing in.

I quite look forward to this n hope they can come up with decent products. US n HK markets have many of these Etfs but my brokerage n forex costs are too high to trade them. SSO, SH etc.

So good to have something like this here.

I am absolutely delighted

Have some experience using this kind of ETFs in US market.

I qualify cause I have margin a/c - still alive and not bankrupt despite two dismal years for most stock markets.

The first four already listed since last Friday n my broker confirmed I'm qualified.

Basically the four are:

0830EA: FANG +2x (double performance of FANG index)

0831EA: FANG - 1x (short performance of FANG index)

0832EA: HSCEI +2x (double performance of HSCEI index)

0833EA: HSCEI - 1x (short performance of HSCEI index)

This post has been edited by Cubalagi: Dec 4 2019, 05:08 PM

The Fang index is quite interesting. It has just 10 stocks listed in the US with 10% weights each.

1. Facebook
2. Apple
3. Amazon
4. Netflix
5. Alphabet
6. Alibaba
7. Baidu
8. Nvidia
9. Tesla
10. Twiter

https://www.bloomberg.com/quote/NYFANG:IND

The HSCEI index is the familiar index of China mainland stocks listed in HKEX. Chinese banks, tencent, China mobile etc.

Good news is that today Kenanga launched their Leveraged & Inverse ETFs:

0834EA: This is the KLCI 2X, meaning if KLCI is up 1% it will go up 2%. If KLCI drops 1%, the ETF goes down 2%.

0835EA: This is a KLCI short 1X, means if KLCI drops 1%, the ETF will go up 1%. If KLCI is up 1%, it will drop 1%.

So now we have FANG, HSCEI and KLCI.. Nice. N still 0 stamp duty.

This post has been edited by Cubalagi: Jan 13 2020, 04:29 PM

Bought FANG-1 and HSCEI-1 yesterday. Getting nervous this virus thing might get worse before it gets better.

The +1x or -1x is not really a leverage at all.. if the ETF moves the same percentage of the underlying stocks.

A real leverage ETFs are the ones that moves 2x or 3x or options (can be up to 50x) of the underlying stocks.
I think better to buy/short on the real US ETF like QQQ. Why? Because they're real time and with liquidity in US exchanges. Bursa got little or no volume at all with those ETFs. Looks like the broker/seller the same market maker.

But... good luck with your long (bear) positions on FANG-1. Hopefully you can make money!

This post has been edited by danmooncake: Feb 1 2020, 02:24 PM

Im told the regulator only approved Leveraged for the Bull etf. So you have 2X FANG, 2x HSCEI and 2x KLCI. But for whatever reason they didn't approve leverage for the Bear ETF. So we only get - 1X short. Guess have to live with that. I bought the 2x earlier and exited a week before CNY.

Seriously don't mind not making money in these 2 trades. I rather see market rebound strongly next week. My overall position is still long equities. I don't want to sell at current levels. In fact I am looking to buy further dips.

However, this corona virus looks impossible to predict as to when it will stablize. Im sure this too will pass but, in case things get much worse before it gets better, I put some unused cash here on Friday for short term. This is more of a low risk experiment in shorting, to beef up existing defences. So a - 1x short position on China and US.

On level of leverage, 2X leverage is good for my appetite. Basically that's like buying a normal etf with margin (without the margin call risk). 3x maybe I can still sleep. 50 times is pure crazy and with options it decays. No thanks.

This post has been edited by Cubalagi: Feb 1 2020, 04:11 PM

Any recommend ETF for leverage 2x or 3x?