On May 8th, Hang Seng Investment Management Limited ("Hang Seng Investment") launched the Hang Seng National Index Covered Call Active ETF (03519) and the Hang Seng Technology Covered Call Active ETF (03589), which are officially listed on the Hong Kong Stock Exchange today. The two new ETFs aim to provide investors with returns in a volatile market environment, combining stock investment with active covered call option strategies, with the goal of providing monthly distributions (dividend rates are not guaranteed, dividends can be distributed from capital). The ETFs launched by Hang Seng Investment this time are active ETFs. The "Hang Seng National Index Covered Call Active ETF" invests in mainland Chinese companies listed in Hong Kong, while the "Hang Seng Technology Covered Call Active ETF" focuses on technology companies listed in Hong Kong. In addition to stock dividends, both ETFs will generate option premium income through actively selling covered call options on the Hang Seng China Enterprises Index and the Hang Seng Technology Index. The offering prices for the "Hang Seng National Index Covered Call Active ETF" and the "Hang Seng Technology Covered Call Active ETF" are HK$9.6 and HK$8.6 per unit respectively, and trading is done in units of 100. The total management fee for the listed class units of the two ETFs is up to 0.7% annually, with estimated recurring expenses of 1.1% per year. Calvin Huang, Director and CEO of Hang Seng Investment Management Limited, said: "With the market continuing to be volatile, many investors are looking for investment solutions that can generate returns while also mitigating risks. We are pleased to introduce the new covered call active ETFs, which complement our existing high-yield products and further expand the diversified range of ETF products offered by Hang Seng Investment. By actively selling at-the-money and out-of-the-money covered call options, the two ETFs aim to enhance potential returns, offsetting some of the downside volatility in related stock holdings. In sideways markets and market downturns, their performance has the potential to outperform passive index strategies, with lower volatility as well."