XPP Profile
The ProShares Ultra FTSE China 50 ETF seeks to deliver returns that are double the daily performance of the FTSE China 50 Index. This index is composed of 50 of the largest and most liquid Chinese stocks that are listed and traded on the Stock Exchange of Hong Kong. The ETF aims to provide investors with leveraged exposure to China's premier companies, amplifying the potential returns from movements in the underlying index.
To achieve its investment objective, the fund employs a strategy involving financial instruments that are designed to produce daily returns that are approximately twice the daily performance of the FTSE China 50 Index. ProShare Advisors selects these instruments to align with the fund's goal of providing leveraged exposure to the largest Chinese equities. The ETF's strategy is intended for investors looking to capitalize on short-term movements in the Chinese stock market with enhanced potential returns.
The FTSE China 50 Index includes a diverse range of large-cap stocks from various sectors of the Chinese economy, all of which are characterized by high liquidity and significant market capitalization. By focusing on these leading companies, the index offers a comprehensive view of the Chinese equity market's performance. The ProShares Ultra FTSE China 50 ETF, through its leveraged approach, aims to amplify the investment impact of changes in the index's value.
As a non-diversified fund, the ProShares Ultra FTSE China 50 ETF is concentrated in a specific set of securities, focusing exclusively on the 50 large-cap stocks within the FTSE China 50 Index. This concentrated investment approach is designed to provide targeted exposure to major players in the Chinese market, allowing investors to benefit from potential high returns associated with these key stocks. The fund's leveraged nature means it is best suited for investors with a high-risk tolerance and a focus on short-term performance.
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