Direxion Investments begun trading the Direxion Daily CSI 300 China A Share Bear 1x Shares (NYSEArca: CHAD) on Wednesday, June 17, 2015.
Here is a synopsis of the new ETF:
|Symbol: CHAD||Exchange: NYSE Arca|
|Name: Direxion Daily CSI 300 China A Share Bear 1x Shares||Net Expense Ratio: 0.80%|
The Direxion Daily CSI 300 China A Share Bear 1x Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the CSI 300 Index.
The CSI 300 Index is a modified free-float market capitalization weighted index comprised of the largest and most liquid stocks in the Chinese A-share market. Index constituent stocks must have been listed for more than 3 months (unless the stock’s average daily A-share market capitalization since its initial listing ranks among the top 30 of all A-shares) and must not be experiencing obvious abnormal fluctuations or market manipulations. As of May 31, 2015, the Index included 300 securities of companies with a market capitalization range of approximately $2.8 billion to $337 billion and an average market capitalization of $19.0 billion.
Index Top Holdings (06/17/15):
|Ping An Insurance Group Co of China Ltd||3.78%|
|China Merchants Bank Co Ltd||2.55%|
|China Minsheng Banking Corp Ltd||2.33%|
|CRRC Corp Ltd||2.31%|
|CITIC Securities Co Ltd||2.05%|
|Haitong Securities Co Ltd||1.79%|
|Industrial Bank Co Ltd||1.76%|
|Shanghai Pudong Development Bank Co Ltd||1.63%|
|Gree Electric Appliances Inc of Zhuhai||1.28%|
|China State Construction Engineering Cor||1.20%|
Index Sector Weightings (06/17/15):
CHAD Home Page
Category: Equities> Regions> Asia> Emerging Asia Equities> China