Southern Asset Management: SK Hynix Leveraged ETF will maintain 2x leverage after switching to new structure Southern Asset Management's 2x Long SK Hynix ETF (http://07709.HK) previously saw its net asset value drop by over 80%, with its scale shrinking from HK$130 billion to approximately HK$100 billion. Following new regulations from the Hong Kong Securities and Futures Commission, Southern Asset Management announced that starting August 3, the product will switch to a 'flexible leverage structure,' sparking investor concerns that the manager might actively lower leverage and slow down the recovery of net asset value during rebounds. Southern Asset Management later clarified that under current market conditions, the product is expected to maintain 2x leverage, and the fund manager will not actively adjust it. After the switch takes effect, the target leverage ratio for each trading day will be announced before market open.