CHAUDirexion Daily CSI 300 China A Share Bull 2X Shares
CHAU Fund Description
The Direxion Daily CSI 300 China A Share Bull 2X Shares ETF provides daily 2x leveraged exposure to an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges.
CHAU Factset Analytics Insight
CHAU is a leveraged play on the much-sought-after China A-share market, using swaps to mimic twice the daily returns on the CSI 300 Index (tracked in unlevered form by Deutsche's ASHR). CHAU 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. CHAU invests in large, well-traded Chinese stocks that trade only on the mainland. This doesn't match up very well with the Chinese market as a whole, and significantly overweights financials, so bear in mind that CHAU's exposure isn't exactly marketlike. CHAU trades in decent volume with manageable spreads. While its fee is high, it's pretty average for a leveraged ETF and most investors won't be around long enough to incur significant holding costs.
CHAU CHARTS AND PERFORMANCE
CHAU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CHAU. CHAU is rated a N/A out of 5.