CSOP adopts flexible leverage for Samsung, SK Hynix ETFs amid volatility

HONG KONG, July 28 : Hong Kong's CSOP Asset Management announced it will adopt a flexible leverage framework for 12 exchange-traded funds (ETFs), including those tracking Samsung Electronics and SK Hynix, after the city's securities regulator adjusted rules in an effort to smooth market volatility.** Effective August 3, the single-stock leveraged and inverse ETFs will adopt a "flexible leverage structure", following the Hong Kong Securities and Futures Commission's guidance last week on listed structured funds, CSOP said in a filing to the Hong Kong bourse on July 27. ** The products' leverage ratios will no longer be fixed, allowing the target leverage factor to be adjusted daily based on market conditions up to a maximum of two times, according to the filing. ** Under extreme market cond