CSOP lists KOSPI 200 Covered Call ETF on HKEX

CSOP has listed the KOSPI 200 Covered Call Active ETF (3537.HK) on the Hong Kong Stock Exchange. The fund opened at about HKD7.8 per unit, trades in a minimum lot of 100 units and carries an annual management fee of 0.99%. The ETF aims to deliver monthly distributions by combining exposure to the KOSPI 200 Index with the sale of call options to collect premiums.

The fund obtains exposure to the KOSPI 200 Index through a synthetic representative sampling strategy that uses KOSPI 200 futures. It writes call options on the index to generate income from option premiums. CSOP describes covered call strategies as involving a long exposure to an asset while selling call options on the same asset to receive premium income.

Market data cited by the firm shows elevated annualised volatility in the KOSPI 200 Index at 60.1%. The KOSPI 200 covered call strategy recorded a 25.4% year-to-date return in 2026. Global quarterly net inflows into KOSPI 200 covered call ETFs accelerated to about KRW2 trillion (roughly HKD10.5 billion) in the first quarter of 2026.

In Hong Kong, covered call ETFs have seen net inflows of HKD22.6 billion so far this year. CSOP’s HSCEI Covered Call Active ETF (2802.HK) attracted HKD10.3 billion and reached assets under management of HKD9.1 billion within a few months of its launch.

CSOP highlighted its derivatives management scale, reporting USD34.8 billion in derivatives exposure. The firm said the new ETF provides investors with managed access to a covered call strategy without requiring them to manage options positions directly. Ding Chen, CSOP’s chief executive, commented that the KOSPI 200 covered call product builds on the firm’s earlier covered call offering and aims to provide another income-focused option for investors.

Investors should note the listing code 3537.HK, the trading unit of 100 shares and the 0.99% management fee when considering the product. CSOP also noted that higher market volatility tends to increase option premiums, which can affect the income potential of covered call strategies.