CHAD: 1st Inverse (-1x) China A-Shares ETF by Direxion

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):

Financials 35.83%
Industrials 19.18%
Consumer Discretionary 11.38%
Materials 7.43%
Information Technology 6.98%
Health Care 5.94%
Consumer Staples 5.45%
Utilities 3.87%
Energy 2.92%
Telecommunication Services 1.02%


Useful Links:
CHAD Home Page


Category: Equities> Regions> Asia> Emerging Asia Equities> China

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