##  [# Daily ETF Watch: Inverse China Fund Debuts](/sections/daily-etf-watch/daily-etf-watch-inverse-china-fund-debuts) 

 

# Daily ETF Watch: Inverse China Fund Debuts

 

 

Direxion launches ‘Bear 1X’ China ETF.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jun 17, 2015

 Edited by: Heather Bell

 

 

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Direxion has rolled out an ETF that offers inverse exposure to China’s A-shares market. Unlike many of the firm’s ETFs though, the fund does not double or triple the performance of the underlying index, and simply provides the investor with -100 percent of the benchmark’s daily returns.

The [Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD)](https://www.sec.gov/Archives/edgar/data/1424958/000119312515126144/d906622d485bpos.htm) is tied to the same index as the $1.6 billion [Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (ASHR | D-57)](https://www.etf.com/ASHR), which is the leading China A-shares fund. Essentially, investors can now get the exact opposite of ASHR’s performance. This is the first fund to offer inverse exposure to China’s A-shares market.

CHAD comes with an expense ratio of 0.80 percent.

**Credit Suisse Rebrands ETNs**

Credit Suisse has rebranded nine of its exchange-traded notes with the “X-Links” name. The nine products all together have nearly $812 million in assets under management (AUM). The affected ETNs are listed below under their new names:

- [Credit Suisse X-Links Long/Short Equity ETN (CSLS | D-64)](https://www.etf.com/csls)
- [Credit Suisse X-Links Cushing MLP Infrastructure ETN (MLPN)](https://www.etf.com/MLPN)
- [Credit Suisse X-Links Merger Arbitrage ETN (CSMA | F-48)](https://www.etf.com/CSMA)
- [Credit Suisse X-Links 2xLeveraged Merger Arbitrage ETN (CSMB)](https://www.etf.com/CSMB)
- [Credit Suisse X-Links HOLT Market Neutral Global Equity ETN (CSMN | D-45)](https://www.etf.com/CSMN)
- [Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI | D-44)](https://www.etf.com/GLDI)
- [Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO | D-41)](https://www.etf.com/SLVO)
- [Credit Suisse X-Links Commodity Rotation ETN (CSCR | F)](https://www.etf.com/CSCR)
- [Credit Suisse X-Links Commodity Benchmark ETN (CSCB | D-68)](https://www.etf.com/CSCB)

Four additional ETNs were unaffected by the change. Three of those are bespoke products created for Fisher Investments with a total of $930.3 million in AUM. The largest of the Fisher Investments ETNs is the [Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE)](https://www.etf.com/FLGE), which has $614 million in AUM.

The fourth ETN to forgo the X-Links name change is the [Credit Suisse MLP ETN (MLPO](https://www.etf.com/MLPO)), which has $108 million in AUM.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [China](http://www.etf.com/topics/china) 

 [Inverse](http://www.etf.com/topics/inverse) 

 [Emerging Markets](http://www.etf.com/topics/emerging-markets)