The Direxion Daily CSI 300 China A Share Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the CSI 300 Index. There is no guarantee the fund will meet its stated investment objective.
This ETF seeks a return that is -100% of the return of its benchmark index for a single day. The fund should not be expected to provide 100% of the inverse of the benchmark’s cumulative return for periods greater than a day.
Strategy & Benefits
Single inverse ETFs are trading tools that allow investors to either seek profit or seek to apply a hedge for an existing portfolio position that they anticipate will experience negative returns, in the short term.
- The fund allows investors a tactical trading alternative to selling out of an existing position and creating a taxable event.
- Since it does not employ leverage, compounding is less magnified compared to leveraged inverse ETFs.
Inverse ETFs are designed to move in the opposite direction of their benchmarks on a daily basis, and should not be expected to track their underlying indexes over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand the consequences of seeking daily inverse investment results and intend to actively manage their investments.
The CSI 300 Index (CSIN0301) 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 three 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. One cannot invest directly in an Index.
Pricing & Performance
NAV and Market Price information as of —. Line chart shows pricing trend over the last 30 days.
Download the following Tax Reporting Documents
- Form 8937 (2020)