FXPProShares UltraShort FTSE China 50
FXP Fund Description
FXP provides -2x exposure to a free-float-weighted index comprising 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.
FXP Factset Analytics Insight
FXP provides daily (-2x) inverse leveraged exposure to the popular FTSE China 50 Index—the same index used by one of the most popular China ETFs, iShares' FXI. FXP's underlying index is heavily exposed to financials, energy and telecom companies, making the fund somewhat of a bet against these sectors that are dominated by state-owned enterprises, and somewhat less against a bet against the Chinese market overall. FXP rebalances its exposure on a daily basis, so the fund is meant for short-term trading—over longer holding periods compounding effects could significantly impact the fund's targeted returns. FXP's liquidity is decent but a bit shallow, making limit orders advisable. The fund charges a reasonable fee for a leveraged ETP, though given its single-day mission, most investors will be more concerned with trading costs as it is not meant to be held for long periods.
FXP MSCI ESG Analytics Insight
ProShares UltraShort FTSE China 50 has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares UltraShort FTSE China 50 ranks in the 83th percentile within its peer group and in the 74th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FXP CHARTS AND PERFORMANCE
FXP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXP. FXP is rated a N/A out of 5.