FXPProShares UltraShort FTSE China 50
FXP Fund Description
The ProShares UltraShort FTSE China 50 ETF 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 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 5 out of 5.