Direxion Daily FTSE China Bear 3X Shares
YANG
NYSE Arca
Rating
Fund Information
ETF
Services Offered
None
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Performance
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Company Information
Direxion Funds
Paul Brigandi (14), Tony Ng (8)
Direxion Funds
1301 Avenue Of The Americas ( 6th Avenue)
New York NY - 10019
1301 Avenue Of The Americas ( 6th Avenue)
New York NY - 10019
United States
646-572-3390
Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the FTSE China 50 Index. The fund, under normal circumstances, invests at least 80% of the fund’s net assets (plus borrowing for investment purposes) in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ("SEHK"). The fund is non-diversified.