Regional ASEAN Index & ETF-linked warrants Warrants
Beyond single stocks, issuers list structured warrants over regional indices and ETFs, letting a trader take a leveraged view on a whole market in one instrument. The mechanics are the same as a single-stock warrant; what changes is that no single company's news can move the position on its own.
Curated Regional ASEAN Index & ETF-linked warrants warrant listings
| Underlying | Issuer | Type | Moneyness | Strike | Break-even | Eff. gearing | Premium | Expiry | Listing |
|---|---|---|---|---|---|---|---|---|---|
| Regional ASEAN Index & ETF-linked warrantsASEAN · ASEAN-IDX-CA | CGS International | call warrant | ATM | USD 100 | USD 110.6 | 5.9× | 0.8% | 31 Mar 2027229d left | View live ↗ |
Curated snapshot for education only — not live pricing. Moneyness, break-even, effective gearing, and premium are Black-Scholes model estimates over each row's snapshot reference price (rate 3%, per-row sample IV) and will differ from live market values. Click "View live ↗" for the issuer/exchange's authoritative listing.
What-if scenario simulator
Pick a curated Regional ASEAN Index & ETF-linked warrantswarrant and slide the underlying move to see how the Black-Scholes model estimates the warrant's value would respond — an educational illustration of gearing, not live pricing.
+5.0%
+31.6%
- Effective gearing
- 5.9×
- Delta
- 0.0613
- Days to expiry
- 229d
Black-Scholes model estimate over the curated snapshot reference price (IV 27%, rate 3%) — illustrative education only, not live pricing or investment advice.
Price a Regional ASEAN Index & ETF-linked warrants warrant
Try the calculator prefilled with a representative Regional ASEAN Index & ETF-linked warrants warrant (ASEAN-IDX-CA).
Open the pricing calculator →Why trade an index rather than a single name
A single-stock warrant carries company-specific risk: an earnings miss or a governance surprise can move the share against you regardless of your view on the sector. An index warrant diversifies that away and leaves you with market direction. It suits a macro view — a rate cycle, a currency move, a regional flow — rather than a company view.
Index warrants use very large exercise ratios
An index is quoted in thousands of points, so an index warrant needs a large exercise ratio to bring the price down to a few cents. That ratio is what makes two index warrants comparable or not: comparing headline prices without adjusting for it is the single most common error in index warrant selection.
Settlement is different too
Index warrants settle against an averaged value rather than a single closing print — several observations across the expiry period, averaged. This is deliberate, and it prevents a single distorted print from determining the payout. It also means your final settlement will rarely match the index level you see on the screen at expiry.
FAQ
Are index warrants safer than single-stock warrants?
Less exposed to company-specific shocks, but not safer. Diversification removes one risk and leaves the others intact: leverage, time decay, issuer risk and the possibility of expiring worthless are all unchanged.
Why is the exercise ratio on an index warrant so large?
Because an index is quoted in thousands of points while a warrant needs to trade at a few cents to be accessible. The ratio scales the payout down. Always divide by the ratio before comparing two index warrants — the cheaper-looking one is frequently just the one with the larger ratio.
See all structured warrants or browse ASEAN warrants.