CHADDirexion Daily CSI 300 China A Share Bear 1X Shares
CHAD Fund Description
CHAD provides daily inverse exposure to an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges.
CHAD Factset Analytics Insight
CHAD is Direxion's second fund revolving around the much-sought-after China A-share market, this time offering inverse exposure to the returns of the CSI 300 Index. Just like Direxion's first fund—CHAU—was the first fund with geared exposure to the China A-share market, this fund is the first inverse play on the same market: when the A-share market has a bad day, investors holding this fun have a good one. CHAD rebalances its leveraged exposure daily, so over a period of time, compounding effects can lead to profound differences in expected returns relative to the index. CHAD bets against large, well-traded Chinese stocks that trade only on the mainland. CHAD launched in June 2015 and should be traded with care, especially since it's a leveraged emerging market fund whose shares trade when underlying markets are closed. It doesn't see massive volume, and spreads can be wide. CHAD's fee isn't small, but is actually reasonable compared with other inverse/leveraged China funds.
CHAD CHARTS AND PERFORMANCE
CHAD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CHAD. CHAD is rated a N/A out of 5.