XPPProShares Ultra FTSE China 50
XPP Fund Description
XPP provides daily 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.
XPP Factset Analytics Insight
XPP is a leveraged play on Chinese large-caps, aiming for 2x the daily returns of the popular FTSE China 50 Index, which is also tracked by the huge iShares China Large-Cap ETF (FXI). The index targets the largest Chinese companies traded in Hong Kong, meaning XPP is mostly a bet on China's state-owned enterprises. Exposure to financials is particularly massive here. Since the fund rebalances its leverage on a daily basis, actual returns can significantly deviate from expected returns over the long term due to compounding effects, so XPP is meant as a short-term trading vehicle. That means its high fees, though standard for this space, are less of a concern than liquidity.
XPP CHARTS AND PERFORMANCE
XPP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XPP. XPP is rated a 5 out of 5.