NEXT NOTES HSI Short ETN (2032.T) Price
NEXT NOTES HSI Short ETN Price
Underlying
NEXT NOTES HSI Short ETN provides 1X inversedaily exposure to NEXT.
NEXT NOTES HSI Short ETN List of Holdings
Frequently asked questions about NEXT NOTES HSI Short ETN
NEXT NOTES HSI Short ETN is offered by NEXT NOTES, a leading player in the field of passive investments.
The ISIN of NEXT NOTES HSI Short ETN is JP5528200008.
NEXT NOTES HSI Short ETN aims to deliver 1 times the daily return of NEXT (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because NEXT NOTES HSI Short ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like NEXT NOTES HSI Short ETN are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
NEXT NOTES HSI Short ETN provides 1X daily short/inverse exposure to NEXT. When NEXT moves +1% in a day, NEXT NOTES HSI Short ETN targets approximately 1% (before fees).
The total expense ratio of NEXT NOTES HSI Short ETN is 0.80%, which means that investors pay 80.00 JPY per 10,000 JPY in investment capital annually.
The ETF is listed in JPY.
European investors may incur additional costs for currency exchange and transaction fees.
No, NEXT NOTES HSI Short ETN does not comply with the EU UCITS investor protection directives.
NEXT NOTES HSI Short ETN tracks the performance of the Hang Seng Index/Short Index - JPY - Japan Yen - Benchmark TR Gross.
NEXT NOTES HSI Short ETN is domiciled in JP.
The fund was launched on 2/18/2013.
The NEXT NOTES HSI Short ETN mainly invests in Total Market companies.
The NAV of NEXT NOTES HSI Short ETN amounts to 6.26 B JPY.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
NEXT NOTES HSI Short ETN