CHAU

Direxion Daily CSI 300 China A Share Bull 2X Shares

$20.41
+0.00%
Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Direxion Daily CSI 300 China A Share Bull 2X Shares ETF (CHAU) seeks to provide 2x the daily return of the CSI 300 Index, which tracks the performance of the 300 largest and most liquid stocks traded on the Shanghai and Shenzhen stock exchanges.

Overview

ETF tracking Direxion Daily CSI 300 China A Share Bull 2X Shares

Category Leveraged
Issuer Other
Inception Date 2015-04-16
Market Cap $161.2M
Average Volume N/A
Dividend Yield 1.96%
52-Week Range $11.03 - $21.70
VWAP $20.44

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily CSI 300 China A Share Bull 2X Shares ETF (CHAU) seeks to provide 2x the daily return of the CSI 300 Index, which tracks the performance of the 300 largest and most liquid stocks traded on the Shanghai and Shenzhen stock exchanges.

🎯 Investment Strategy

CHAU uses derivatives, such as futures contracts and swap agreements, to provide leveraged exposure to the CSI 300 Index. The fund rebalances its positions daily to maintain the 2x leverage target.

✨ Key Features

  • Provides 2x the daily return of the CSI 300 Index, which covers China's domestic A-share market
  • Utilizes derivatives to achieve the leveraged exposure
  • Rebalances positions daily to maintain the 2x leverage target
  • Designed for short-term, speculative trading rather than long-term buy-and-hold investing

⚠️ Primary Risks

  • Significant risk of loss due to the leveraged nature of the fund
  • Potential for increased volatility and deviation from the underlying index's performance over longer holding periods
  • Exposure to the risks of the Chinese domestic equity market, including regulatory changes and market volatility
  • Counterparty risk associated with the derivatives used to achieve the leveraged exposure

👤 Best For

CHAU is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to the Chinese domestic equity market and are comfortable with the high level of risk and volatility associated with leveraged ETFs. This fund is not suitable for long-term, buy-and-hold investors or those with a low risk tolerance.