CHAD Profile
CHAD
(CSI 300 China A -1X Bear Direxion) is an exchange-traded fund (ETF)
managed by Direxion Investments. The ETF seeks to provide investors
with daily inverse exposure to the CSI 300 Index, which is a benchmark
that tracks the performance of the top 300 stocks listed on the
Shanghai and Shenzhen stock exchanges in China.
As a bearish
ETF, CHAD seeks to provide investors with daily inverse exposure to
the performance of the CSI 300 Index, meaning that it is designed to
deliver the opposite return of the index on a daily basis. The ETF
aims to provide investors with a way to profit from potential declines
in the Chinese stock market.
As of September 2021, the CHAD ETF
had total net assets of around $12 million and was invested in a
diversified portfolio of financial instruments and derivatives that
are designed to provide inverse exposure to the CSI 300 Index. The
fund's holdings are managed by the investment professionals at
Direxion Investments, who have extensive experience in managing
inverse ETFs.
In terms of performance, CHAD has delivered
strong returns over the short term when the Chinese stock market has
experienced declines. However, it's important to note that the ETF's
daily inverse exposure means that its performance can diverge
significantly from the performance of the CSI 300 Index over longer
periods of time.
Investors should keep in mind that like all
investments, CHAD carries risks, including the risk that the Chinese
stock market may not decline as expected, resulting in potential
losses for investors. Additionally, the ETF charges a relatively high
expense ratio of 0.95%, which is in line with the average expense
ratio for inverse ETFs. Investors should carefully consider their
investment objectives and risk tolerance before investing in CHAD or
any other b
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