Kenanga issues Hang Seng structured warrants

by TMR / pic credit:

HANG SENG Index structured warrants issued by Kenanga Investment Bank are now listed on FBMKLCI namely, HSI-CIW and HSI-HMO.

This launch marks Kenanga’s first foray into offering investors exposure to East Asia via structured warrants on the Main Market, the bank said in a statement today.

The HSI is the most widely quoted performance indicator of the Stock Exchange of Hong Kong (SEHK), the fourth largest stock exchange operator in the world.

The Hang Seng Index tracks the performance of around 50 of the largest, most liquid stocks in Hong Kong market including global names such as Alibaba Group, Meituan, HSBC, Xiaomi, Tencent, Henderson and Sino Biopharm.

“This launch appeals to traders with higher risk appetites as macro-economic conditions are creating great trading opportunities in the HSI.

“Demonstrated by the high daily demand for our current warrants, it is clear that we are on the right path serving customers who prioritise quality warrants and profitability over quantity. This is why we are expanding our warrant issuances to include Hang Seng Index warrants,” said Philip Lim, Head of Equity Derivatives at Kenanga Investment Bank.

Structured warrants are generally used to make money from volatility.

Bullish investors typically buy a call warrant to benefit from an up trending underlying asset while bearish investors may buy a put warrant to benefit from a down- trending underlying asset.